News

Fed's Kashkari advocates two more rate cuts this year as he sees limited tariff impact on inflation

Minneapolis Federal Reserve President Neel Kashkari spoke Friday on CNBC's "Squawk Box."

New Grayscale ETF holds multiple cryptocurrencies together, combining bitcoin, Solana and others

The Grayscale CoinDesk Crypto 5 ETF bundles together the five largest and most liquid digital assets — bitcoin, ether, XRP, Solana, and Cardano.

NBA star Kevin Durant can't unlock his Coinbase bitcoin account. His agent is thrilled

Houston Rockets star forward Kevin Durant can't access his Coinbase account or the bitcoin held there. His agent says that's a good thing.

David Tepper says Fed could cut a few more times, but easing too much risks entering 'danger territory'

His comments come after the central bank lowered interest rates by a quarter point Wednesday, while signaling two more reductions are coming this year.

American Express unveils refreshed Platinum card with $895 annual fee, upping the ante in luxury cards

American Express' move highlights an arms race of sorts when it comes to catering to wealthy consumers. JPMorgan and Citi released updated or new cards recently.

Huawei touts 'world’s most powerful' AI chip cluster as Nvidia's China challenges mount

The company said it plans to launch the new supercluster as soon as next year.

Here are five key takeaways from the Fed's big interest rate decision

The Federal Reserve on Wednesday delivered on a widely anticipated quarter percentage point interest rate cut.

Fed forecasts only one rate cut in 2026, a more conservative outlook than expected

The Fed's dot plot, which shows 19 individual members' expectations, indicates a median estimate of 3.4% for the federal funds rate at the end of 2026.

Fed approves quarter-point interest rate cut and sees two more coming this year

The Federal Reserve on Wednesday released its decision on interest rates and updated its economic projections.

New Trump appointee Miran calls for half-point cut in only dissent as rest of Fed bands together

Newly confirmed Federal Reserve Governor Stephen Miran dissented from the central bank's decision.

Here's what changed in the new Fed statement

This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting in July.

China keeps tight grip on rare earths, costing at least one company 'millions of euros'

The European Chamber of Commerce in China said that after a pickup in rare-earth export license approvals this summer, members have found it harder to get access.
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