Federal Reserve Gov. Christopher Waller said Saturday that he would like to see another 75 basis point interest rate hike at the next policy meeting in late July. Waller supported the Fed’s decision t...
Tag: Banking
What the Fed’s biggest rate hike in decades means for the bear market in bonds
Historically bad. That’s how the mammoth $53 trillion U.S. fixed-income market has performed this year as the Federal Reserve works to curtail high inflation threatening to wreck the economy. To turbo...
The Lords of Money Pose Massive Threats to Markets
Think the Fed’s job is hard? At least the U.S. Federal Reserve can concentrate on fighting inflation. In Japan and Europe, the central banks are battling the markets, not merely price rises. That’s le...
Oil prices end lower to break a string of weekly gains as demand worries linger
Oil futures finished with a loss on Friday, with U.S. and global benchmark prices ending a streak of weekly gains, as investors juggled recession fears and concerns over demand. Price action West Texa...
Bitcoin’s nosedive through the $20,000 mark is a Minsky Moment for crypto: ‘Psychologically for a lot of people, this is galling’
Is bitcoin BTCUSD, +4.03% facing a breaking point? That’s what some investors, acolytes and otherwise, might be contemplating, as the cryptocurrency’s descent accelerates over the weekend. The world’s...
I want to retire next year, but I have $25,000 in credit card debt and a major monthly mortgage payment — I also live with my three kids and ex
I’ll be 57 next month and am divorced with three kids living with me. One is 28, she’s working, another is 21 and a senior in college (with a full scholarship) and the youngest is 15 (a sophomore in h...
Trillion-dollar crypto collapse sparks flurry of US lawsuits – who’s to blame?
With investors worldwide looking at a $1.5 trillion in recent cryptocurrency losses, a blizzard of class-action lawsuits are being prepared. One big question is: who, if anyone, is to blame ? See: Bit...
Bitcoin’s Price Falls Below $20,000
The price of bitcoin lurched below $20,000, and below a level widely monitored by cryptocurrency enthusiasts, as a brutal selloff in crypto showed no signs of abating. Bitcoin fell as low as $18,739.5...
Bitcoin slumps below $20,000 as cryptocurrency rout rolls on
Bitcoin traded below $20,000 on Saturday, extending the slide that has wiped out trillions in market value from cryptocurrencies. Bitcoin BTCUSD, -7.07% traded down 8% to $19,029, extending a slide fr...
The Crypto Party Is Over
On Super Bowl Sunday, a Crypto.com ad featuring billionaire NBA star LeBron James lit up millions of Americans’ TVs. “If you want to make history, you gotta call your own shots,” Mr. James said in the...
Citigroup Stock Is the Cheapest of the Big Banks. It’s Ready to Take Off.
Text size Even Warren Buffett’s Berkshire Hathaway has been buying Citi stock, a vote of confidence if there ever was one. Mario Tama/Getty Images Bank stocks have gotten hit as concerns about the U.S...
Belgian Banking Group KBC Creates Blockchain-Based Coin – Bitcoin News
KBC Group, a major European banking and insurance institution headquartered in Belgium, has launched a token based on a blockchain platform. Its customers will be able to acquire the new proprietary c...
A Crypto Bankruptcy Could Be Investors’ Nightmare
The cryptocurrency market’s latest swoon is giving investors a painful lesson about the risks of trading digital tokens through intermediaries. In a bankruptcy restructuring, crypto investors would be...
Dogecoin investor sues Elon Musk, Tesla, SpaceX for $258 billion, claiming ‘pyramid scheme’
A dogecoin investor is suing Elon Musk and two of his companies, Tesla Inc. and SpaceX, for $258 billion, accusing them of operating a “pyramid scheme” to inflate the price of the cryptocurrency. The ...
Banking uses 56 times more energy than Bitcoin: Valuechain report
Fresh figures on Bitcoin’s (BTC) energy consumption, efficiency and scalability serve to expose the banking sector while bathing the world’s largest cryptocurrency in a new light. A research re...
Bitcoin crash: These three metrics show how bad the carnage is, and what to expect next
Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’ll walk you through what’s going on in the current bear market. As usual, find me on T...
It Is Time To Rethink Central Banking
A patriotic Uncle Sam character holding a large green blank check, looking at the camera. He is … [+] wearing a red, white and blue coat and top hat that has a blue ban and white star while stan...
Scared to check your 401(k) as Dow tumbles? Here’s when you should look — and when you shouldn’t
To look or not to look. That’s the question when people consider checking the balances in their investment and retirement accounts. Maybe ignorance is bliss amid a volatile stock market’s recent seque...
Can you earn 6% on your savings account? Yes — but here’s the catch
Want to earn more on your savings? Here are some things to consider. Getty Images/iStockphoto Interest rates on savings accounts are rising, but they’re still low. Indeed, the national average interes...
Celsius Is Crashing, and Crypto Investors Are Spooked
A few months ago, Mike Washburn’s cryptocurrency investment looked like a winner. Now he’s just hoping to get his money back. Mr. Washburn, a 35-year-old plumber in Otsego, Minn., had $100,000 in an a...
Crypto crash: What contagious risks could Celsius, Three Arrows pose? Here’s what to watch
The latest crisis started Sunday with Celsius, one of the biggest crypto lending platforms, pausing all withdrawals, swaps and transfers between accounts. The company reportedly has hired restructurin...
70% of economists say America is headed for a recession: poll. How to invest now
Worried about a recession? Here are some tips from pros Getty Images/iStockphoto Many economists say the United States will fall into a recession next year, according to a new poll by the Financial Ti...
CFTC Commissioner Compared Crypto Crash to 2008 Banking Crisis
In an interview with Axios, Commodity Futures Trading Commission (CFTC) commissioner Christy Goldsmith Romero urged Congress to close the regulatory gap on cryptocurrencies. Responding to the recent p...
‘The economy is going to collapse,’ says Wall Street veteran Novogratz. ‘We are going to go into a really fast recession.’
Veteran investor and bitcoin bull Michael Novogratz doesn’t have a rosy outlook on the economy, which he described as headed for a substantial downturn, with the likelihood of a “fast recession” on th...
Why stocks and bonds went into relief-rally mode after Fed’s jumbo rate hike
Financial markets suffered an absolute bloodbath in the days leading up to Wednesday’s Federal Reserve decision, with stocks plunging and bond yields soaring in the wake of surprisingly hot inflation ...
Hot Housing Market Keeps Home Foreclosures at Bay
The U.S. moratorium on home foreclosures ended nearly a year ago, but the sizzling housing market is still protecting many delinquent mortgage borrowers from losing their homes. The pandemic that wipe...