News

Federal Reserve to cut rates by 25 bps on Dec. 18, pause in January- Reuters poll

The U.S. Federal Reserve will cut interest rates by 25 basis points on Dec. 18, according to 90% of economists polled by Reuters, with most expecting a pause in late January amid concerns about rising inflation risks. President-elect Donald Trump's proposed policies, from import tariffs to tax cuts, are expected to be inflationary. Trump is expected to move quickly on his agenda soon after he is inaugurated on Jan. 20.

Trump’s Pick for SEC Chair Blamed the US for FTX Crypto Disaster

(Bloomberg) -- Paul Atkins, Donald Trump’s pick to lead the Securities and Exchange Commission, once blamed an unusual suspect for the collapse of Sam Bankman-Fried’s FTX crypto exchange: The US government itself.Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersCloud Computing Tax Threatens Chicago’s Silicon Valley DreamA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectSan Francisco, Paris Named Best Cities for Urban TransportationDC Busine

Should You Forget Bitcoin and Buy Shiba Inu Instead?

Bitcoin (CRYPTO: BTC) has been getting a lot of attention in the past month, as the market believes an incoming pro-crypto White House will push the industry to new heights. The top digital asset has seen its price surge, and it currently sits around $100,000. Should you forget the world's most valuable cryptocurrency and buy some Shiba Inu tokens instead?