News

(Bloomberg) -- The Trump administration’s offer to pay federal employees through the end of September if they agree to leave by the end of February has attracted more than 40,000 sign-ups as of Wednesday — about 2% of the federal civilian workforce.Most Read from BloombergCitadel to Leave Namesake Chicago Tower as Employees RelocateState Farm Seeks Emergency California Rate Hike After FiresTransportation Memos Favor Places With Higher Birth and Marriage RatesSan Francisco Wants Wealthy Donors to

Warren is urging Trump to challenge unfair account closures by major banks.

Bitcoin could soar to $200K in 2025, says Bitdeer’s Jeff LaBerge, citing historical cycles, ETF adoption, and increasing institutional interest as key growth drivers.

Even after 100 basis points of rate cuts in the latter part of 2024, Jefferson told students at Swarthmore College that Fed policy remains restrictive and is exerting downward pressure on inflation. "We can be patient and wait to see the net effect of any policy changes by the current administration," he said.

The Super Bowl is among the world's most coveted televised events for advertisers given its huge guaranteed audience, with a premium placed on creativity as Super Bowl commercials can generate outsized buzz. The Super Bowl ad would be OpenAI's first foray into commercial advertising, the newspaper said. Rivals such as Google ran ads promoting its AI prowess during last year's Super Bowl.

Alphabet's big spending plans surprised Wall Street. The news should soothe investors worried about last week's DeepSeek shakeup disrupting the AI narrative.

(Bloomberg) -- The Federal Reserve released hypothetical scenarios for its annual stress tests, which seek to evaluate the resilience of big banks and ensure they can keep lending even in a severe recession.Most Read from BloombergCitadel to Leave Namesake Chicago Tower as Employees RelocateState Farm Seeks Emergency California Rate Hike After FiresTransportation Memos Favor Places With Higher Birth and Marriage RatesSan Francisco Wants Wealthy Donors to Help Fix Fentanyl CrisisNY Transit Advoca

Russian consumers purchased 75.6 metric tons of the precious metal, representing a 6% jump from 2023 and a 62% increase from 2021.

Traders across the globe project that tariffs and inflation will have the biggest impact on global markets in 2025 as they brace for volatility, an annual survey of institutional trading clients by JPMorgan Chase showed on Wednesday. The bank said 51% of its 4,233 respondents named inflation and tariffs together as the top potential developments likely to dominate markets this year. Last year, inflation was also a top concern, but only for 27% of the interviewees.

Crypto leaders see Bitcoin-backed bonds, stablecoin expansion, and tokenized financial instruments as the next major trends.