Bitcoin's price jumped on Friday, following reports that President-elect Donald Trump might issue an executive order to prioritize cryptocurrency. This comes after a Bloomberg report suggested Trump could form a crypto advisory council, giving the industry a voice in his administration. Shares of Co
At his Senate confirmation hearing, Scott Bessent, President Trump's pick for the Treasury, revealed a worrying trend in the U. S. economy. he doesn't think America has a revenue problem, but rather, a severe spending issue. Bessent explained that this very problem prompted him to leave his quiet jo
Lately, inflation has been tough to handle. Last month, prices went up by 2. 9% compared to the same time last year, according to the Labor Department. This shows that the Federal Reserve is still fighting against quick price increases. Last year, the Fed started lowering interest rates to levels no
As the world gets ready for a new president, Bitcoin fans are hoping for a big year. One top expert from BlackRock believes that changes in laws could really boost Bitcoin. Samara Cohen, who leads the team handling Bitcoin at BlackRock, thinks that new laws will help Bitcoin reach new heights. She m
On Thursday, European stocks reached their highest point in a month. This was mainly driven by luxury goods groups, which benefited from strong sales by Swiss company Richemont. The Stoxx 600 index, a broad measure of European stocks, climbed 0. 7% to its highest level since mid-December. The French
You’ve bought and sold crypto this year, but did you know that from next year, your transactions could be reported to the IRS for the first time? Yes, you read that right! If you’re using popular platforms like Coinbase or Gemini, they will be sending info about your crypto buys and sells to the tax
Are you wondering how to handle your money? AI finance apps might be the answer! They can help you save, predict expenses, and even spot fraud. But don't get too excited just yet. These tools have their issues too. First, let's talk about the good stuff. AI apps can analyze your spending and give y
In a surprising turn, the UK's inflation rate dropped to 2. 5% in December 2024, catching economists off guard. The consumer price index (CPI) had previously been at 2. 6% in November. Core inflation, which doesn't include the ups and downs of food and energy prices, also dipped to 3. 2%, down from
Elon Musk, the billionaire entrepreneur, has been charged by the Securities and Exchange Commission (SEC) for not promptly reporting his stake in Twitter. This delay, according to the SEC, helped Musk save around $150 million, which came at the expense of other shareholders. The SEC's rules require
On Wednesday, all eyes are on the Bureau of Labor Statistics' inflation report. JPMorgan has weighed in on how the stock market might respond. The report, due at 8:30 a. m. ET, is expected to show monthly gains of 0. 3% for both headline and core consumer price index (CPI), with annual inflation rat
