Sen. Elizabeth Warren, the top Democrat on the Senate Banking Committee, sent a letter to incoming Federal Reserve Chairman Kevin Warsh about her assets on Friday morning. “I am writing to request an update on the status of your divestitures, including information on who you sold your assets to and under what terms,” ​​Warren wrote….
Bitcoin (BTC-USD) opened at $79,283.34 on Thursday, down 1.5% from Wednesday’s opening price. Bitcoin value rose to $79,569.75 at 6:57 a.m. ET. Ethereum (ETH-USD) opened at $2,257.71 on Thursday, down 0.7% from Wednesday’s opening value. Ethereum price rose to $2,261.79 at 6:57 am ET. Both bitcoin and ethereum prices are following a similar path so…
What happened: Cryptocurrency-related stocks rallied on Monday, with shares of Circle Internet Group (CRCL) and Coinbase Global (COIN) rising 15% and 5%, respectively. What’s behind the measure: Investors are digesting the long-awaited language on stablecoin performance that has delayed the key cryptocurrency industry bill in Congress. Coinbase and Circle share a long-term commercial distribution agreement…
Kevin Warsh is expected to become the next chairman of the Federal Reserve after getting the nod from the Senate Banking Committee. Assuming the full Senate confirms his nomination, he will succeed Jerome Powell (who has held the position since 2018) by May 15. Powell, however, has said he will not leave the Federal Open…
It’s the end of an era at America’s most important financial institution, the Federal Reserve. May 15 will mark the last day of Jerome Powell’s tenure as chairman of the Federal Reserve and potentially the beginning of Kevin Warsh’s tenure as head of the central bank. It may also signal the start of greater volatility…
The S&P 500 Index ($SPX) (SPY) today rose +0.77%, the Dow Jones Industrial Average ($DOWI) (DIA) rose +0.59% and the Nasdaq 100 Index ($IUXX) (QQQ) rose +0.98%. E-mini S&P June futures (ESM26) rose +0.73% and E-mini Nasdaq June futures (NQM26) rose +0.92%. Stock indices are rising today, with the S&P 500 at a 1.5-month high,…
Gold futures (GC=F) opened at $4,529.10 per troy ounce on Monday, up 0.6% from Friday’s closing price of $4,500.90. The price of gold rose above $4,600, an all-time high, after the open. Gold rose to a new high after Federal Reserve Chairman Jerome Powell announced that the Justice Department had subpoenaed the central bank and…
