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The investor Steve Eisman said he has breast cancer and is undergoing treatment for the disease.
Is Bitcoin Really a Currency or a Ponzi Scheme? Bitcoin Trading When cryptocurrencies first appeared on the scene, it was easy to dismiss them as a passing fad. The idea of a digital asset with no government backing, no physical form, and no established role as a medium of exchange felt at best speculative and, at worst, similar to a Ponzi-like financial scheme. Although my skepticism about crypto as a true currency hasn’t changed, the market clearly disagrees. Prices have surged, collapsed, and surged again. Bitcoin alone jumped more than 35% this year to above $126,000 before erasing the…
President Trump said he was leaning toward choosing either Warsh or Kevin Hassett to succeed Fed chair Jerome Powell.
In an interview with the Wall Street Journal, the US President Donald Trump revealed that he is leaning on former Fed Governor Kevin Warsh and also on the National Economic Council Director Kevin Hassett to lead the Federal Reserve since May 2026.When asked if Kevin Warsh was at the top of the list Trump said “Yes, I think he is. I think you have Kevin and Kevin. They’re both—I think the two Kevins are great,” he said. “I think there are a couple of other people that are great.”The article mentioned that Warsh was grilled over a 45 minute meeting…
“They have already paid the mortgage. It makes no sense to require them to ‘pay’ it again.”
Newsquawk Highlights include US NFP, CPI and Retail Sales, BoJ, BoE, ECB, UK Jobs, UK CPI, and Japan CPI US Debt Clock MON: Chinese Activity Data (Nov), EZ Industrial Production (Oct), Canadian CPI (Nov) TUE: NBH Announcement, UK Jobs Report (Oct), EZ/UK/US Flash PMIs (Dec), German ZEW Survey (Dec), Japanese Trade Balance (Nov), US Jobs Report (Nov) WED: UK Inflation (Nov), EZ CPI Final (Nov), US Retail Sales (Oct) THU: ECB Announcement, BoE Announcement, Norges Bank Announcement, Riksbank Announcement, CNB Announcement, US CPI (Nov), Japanese CPI (Nov), US Real Earnings (Nov) FRI: BoJ Announcement, CBR Announcement, Quad Witching, UK PSNB…
AI semiconductor revenue at Broadcom could double this quarter after seeing 74% growth in the latest period.
GBP/USD is holding firmly in bullish territory heading into the tail end of the week, but Cable bidders ran into a technical resistance point at the 1.3400 handle on Thursday. The Federal Reserve (Fed) delivered a third straight interest rate cut this week, bolstering broad-market risk appetite and pushing the US Dollar (USD) into the low side across the board.Fed Chair Jerome Powell cautioned following the Fed’s latest interest rate trim that further moves on rates are less than likely heading into 2026, and the majority of Fed policymakers see barely two more interest rate cuts over the next two…
Tax-law changes may allow you to increase the transaction you had planned.
The Federal Open Market Committee (FOMC) lowered the federal funds rate by 25 basis points for the third straight meeting on Wednesday.The rate is now at the 3.50% to 3.75% range – the lowest it has been since September 2022.As has been the case in recent meetings, there was a split on the committee with three dissenting votes. FOMC member Stephen Miran voted no, seeking a 50-basis point reduction, while Austan Goolsbee and Jeffrey Schmid voted no, favoring no rate cut.Along with the rate cut, the FOMC also released its quarterly summary of projections, or dot plot. The dot plot…