News

Super Micro Computer shares surged to lead gains on the S&P 500 Friday, as JPMorgan analysts lifted their rating and price target for the server maker's stock.

The Federal Reserve said on Friday it generated a smaller loss on its operations last year than in 2023 as its ongoing work to contain inflation kept its books in the red. The U.S. central bank said the total distribution of its comprehensive net loss last year stood at $77.5 billion versus $114.6 billion in 2023. The Fed last turned a profit in 2022.

(Bloomberg) -- Stephen Moore, an informal economic adviser to President Donald Trump, floated eliminating the federal tax subsidy for municipal bonds, a concerning sign for the market where states and cities raise debt.Most Read from BloombergChicago Transit Faces ‘Doomsday Scenario,’ Regional Agency SaysNew York Subway Ditches MetroCard After 32 Years for Tap-And-GoLA Faces $1 Billion Budget Hole, Warns of Thousands of LayoffsDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleAmtr

Bitcoin’s price holds steady with bullish signals ahead, while Kraken’s $1.5B acquisition gains industry support, Pakistan accelerates blockchain adoption, and Bitcoin custody security gets a $100M boost.

Shares of Micron Technology turned lower Friday after the company’s fiscal second-quarter results a day earlier, but analysts have remained bullish on the memory chip company.

Trump's Commerce Secretary pushed "unbelievably cheap" Tesla stock as shares continued to fall.

The U.S. Treasury on Friday lifted economic sanctions against Tornado Cash, a firm that makes cryptocurrency transactions harder to track, which the Biden administration had accused of helping launder more than $7 billion for North Korean and other cyber hackers. The Treasury Department's Office of Foreign Assets Control blacklisted Tornado Cash in 2022 after concluding it was helping launder the proceeds of cyber crimes, including more than $455 million stolen by Lazarus, a North Korean government-backed hacking group. Six users of Tornado Cash - a cryptocurrency "mixer" that obscures the origins and recipients of transactions - had filed a lawsuit to challenge the sanctions with the financial backing of the Coinbase crypto exchange.