A brutal sell-off in Bitcoin, exacerbated by Federal Reserve uncertainty and weak tech earnings, triggered massive withdrawals from U.S. spot Bitcoin ETFs, casting doubt on near-term price targets.
Bitcoin's sharp retreat to $81,000 on Thursday, following the Federal Reserve's latest policy announcement, resulted in massive leveraged position liquidations and sent shockwaves through correlated equities.
A brutal sell-off wiped nearly $10,000 from Bitcoin's value, pushing it perilously close to its November low. The sharp decline, which triggered over $1.75 billion in liquidations, coincides with speculation of a major leadership change at the U.S. Federal Reserve.
JPMorgan Chase, Bank of America, and Wells Fargo announce plans to match a $1,000 government deposit into retirement accounts for children of eligible employees, part of a new national savings initiative.
Japan has successfully retrieved rare-earth-rich sediment from the deep Pacific seabed in a world-first test, marking a significant step in its national strategy to diversify critical mineral supplies and reduce dependence on China.
President Trump nominates former Fed governor Kevin Warsh to lead the central bank, setting the stage for a potential shift in monetary policy and a test of the institution's famed independence.
U.S. stocks extended losses into a third session as investors weighed the potential implications of Kevin Warsh's nomination to lead the Federal Reserve, capping a volatile week of trading.
As Jerome Powell prepares to hand over the reins, his public counsel to a successor underscores the delicate balance between central bank independence and democratic accountability. With Kevin Warsh named as his replacement, the Fed may be poised for a significant shift in philosophy and approach.
UN Secretary-General Antonio Guterres has issued a stark warning that the organization faces a severe liquidity crisis, with funds for its regular operations potentially running dry by July. The crisis is exacerbated by billions in unpaid dues, primarily from the United States.
U.S. stocks fell and precious metals plunged from record highs after President Trump nominated former Fed Governor Kevin Warsh to lead the central bank, sparking concerns over monetary policy direction and Fed independence.
President Donald Trump announces his intent to nominate former Fed Governor Kevin Warsh to lead the central bank, seeking a policy shift aligned with his economic vision amid debates over inflation and the Fed's independence.
Klarna Group faces a dual challenge: surging commercial demand for its 'buy now, pay later' services and intensifying legal scrutiny over alleged IPO disclosure failures regarding credit risk. The stock's sharp decline shifts investor focus to upcoming quarterly results and credit quality metrics.
The Department of Homeland Security has significantly softened its initial characterization of the events leading to the fatal shooting of Alex Pretti by border agents, now describing the scene as involving 'several civilians' rather than a riot, raising questions about the justification for the use of deadly force.
Wells Fargo's board has approved a 28% compensation increase for CEO Charlie Scharf, bringing his total package to $40 million for the past year. The move comes as the bank marks a pivotal turnaround, with major federal penalties lifted and its transformation under Scharf's leadership cited as justification for the raise.
A federal appeals court has dismissed a Justice Department misconduct complaint against U.S. District Judge James Boasberg, citing insufficient evidence. The complaint stemmed from the judge's rulings against the Trump administration's use of the Alien Enemies Act to deport Venezuelan migrants.
Amid rising electricity prices and shifting federal incentives, solar platform GigaWatt is turning to crowd-investing to accelerate its push into integrated, user-friendly DIY solar kits, betting on AI and streamlined hardware to capture a growing market.
U.S. stock futures pointed to a lower open Monday as investors braced for a flood of corporate earnings and crucial labor market reports that could sway Federal Reserve policy expectations.
A quiet crisis is eroding the foundation of U.S. economic decision-making. As key federal data agencies face budget cuts, political pressure, and operational challenges, the resulting information gap could leave policymakers and businesses 'flying blind,' increasing the risks of policy missteps, deeper recessions, and prolonged unemployment.
A five-year-old boy and his father have been released from immigration detention after a federal judge sharply criticized ICE's tactics, accusing the agency of a 'perfidious lust for unbridled power' in a case that has ignited national outrage.
A federal appeals court has thrown out a Justice Department misconduct complaint against a judge who blocked deportations to El Salvador's notorious prisons, citing a lack of evidence. The ruling highlights ongoing tensions between the judiciary and executive branch over immigration enforcement.
