News

The vehicle, Cantor Equity Partners, will use the cash to create a new firm, called 21 Capital. Tether would contribute $1.5 billion of bitcoin, while SoftBank and Bitfinex would contribute $900 million and $600 million, respectively, of the digital currency, according to the report. Howard Lutnick, the billionaire who was the CEO of Cantor for 40 years, stepped down last month to run President Donald Trump's commerce department.

SYDNEY (Reuters) -Stock markets were enjoying a much-needed relief rally in Asia on Wednesday after U.S. President Donald Trump said he had no plans to fire the head of the Federal Reserve, and hinted at lower tariffs for China. The dollar jumped sharply across the board after Trump walked back the threats to dismiss Fed Chair Jerome Powell that had badly shaken investor confidence in U.S. assets, although those gains faded somewhat as the day progressed. Trump also reiterated he wanted to do a deal with China where tariffs would not be anywhere near 145%, adding that he would set the terms of a deal if Beijing did not enter talks.

Released alongside Semafor’s signature live journalism event, the new report equips global leaders with insights to navigate a rapidly changing world.

"The message from price action can be much more transparent than what you may read about in the financial press or see on television," LPL said.

US stock futures jumped after President Trump said he has 'no intention' of firing Federal Reserve Chair Jerome Powell, easing fears on Wall Street that the central bank's independence was under threat.

(Reuters) -U.S. President Donald Trump's social media firm, Trump Media & Technology Group, said on Tuesday it had reached a binding agreement to roll out an array of retail investment products, including crypto, in its latest bid to diversify into financial services. The plan, including a series of exchange-traded funds aligned with Trump's America First policies, followed news of a preliminary agreement reached last month between Trump Media and Crypto.com, a digital asset platform with ties to broker-dealer Foris LLC, and Yorkville America Digital, an affiliate of Yorkville Advisors, a New Jersey-based investment advisory and asset management firm.

Tesla reported first quarter earnings after the bell on Tuesday.

President Donald Trump said Tuesday he had “no intention of firing” Federal Reserve Chair Jerome Powell.

Kugler said she is carefully watching how the Trump administration's trade, immigration, fiscal policy and regulatory changes impact inflation and the labor market, but the "significantly larger" than expected tariffs clearly had her attention. "I am also monitoring any risks to the outlook, especially upside risks on inflation or downside risks to employment," Kugler said in remarks prepared for delivery to the Heller-Hurwicz Economics Institute at the University of Minnesota. Fed policy is "well positioned" to respond to changes in the economy, she said.

President Donald Trump said Tuesday he has no plans to fire Federal Reserve Chair Jerome Powell, just days after his statement that he would like to terminate the head of the U.S. central bank caused a stock market selloff. “I have no intention of firing him,” Trump told reporters. The U.S. president had previously insinuated otherwise as he said he could fire Powell if he wanted to, having been frustrated by the Fed putting a pause on cuts to short-term interest rates.