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Atlanta Federal Reserve President Raphael Bostic said he anticipates slower progress on inflation in coming months and as a result now sees the Fed cutting its benchmark interest rate only a quarter of a percentage point by the end of this year. With less progress on inflation and businesses expected to add the cost of coming tariffs to their prices, "the appropriate path for policy is also going to be pushed back," Bostic said in an interview on Bloomberg. Bostic had previously expected the Fed would cut rates twice this year, a view his colleagues largely maintained at their meeting last week when the median policymaker projection saw two quarter-point rate cuts in 2025.

(Bloomberg) -- Crypto exchange Kraken is exploring raising as much as $1 billion in debt ahead of a potential initial public offering, according to people with knowledge of the matter.Most Read from BloombergThey Built a Secret Apartment in a Mall. Now the Mall Is Dying.Why Did the Government Declare War on My Adorable Tiny Truck?Chicago Transit Faces ‘Doomsday Scenario,’ Regional Agency SaysLA Faces $1 Billion Budget Hole, Warns of Thousands of LayoffsLibraries Warn They Could Be ‘Cut off at th

MicroStrategy exceeds 500,000 Bitcoin in holdings with a $584M acquisition today, yet the whale activity of Bitcoin have cooled drastically, indicating more market caution.

Palantir shares jumped Monday amid a broader rally among tech stocks to open the week.

United Airlines shares jumped Monday as the carrier rolled out changes to its JPMorgan Chase co-branded credit cards, including new perks for cardholders and higher fees.

With anecdotes of owners trading in their Teslas amid backlash over CEO Elon Musk’s unelected role as agency dismantler-in-chief for Trump 2.0, don’t be surprised to see a few more of the EVs parked under giant tube men at Chicago-area used car lots this spring. The number of used Teslas for sale in the Chicago area is up 1% in March year-over-year, bucking an overall trend that saw inventory ...

The president said he will levy duties against countries that import oil or gas from the South American country starting April 2.

(Bloomberg) -- The Trump administration has asked the US Supreme Court to allow the firing of thousands of workers at six federal agencies after a judge ordered that they be reinstated.Most Read from BloombergThey Built a Secret Apartment in a Mall. Now the Mall Is Dying.Why Did the Government Declare War on My Adorable Tiny Truck?Chicago Transit Faces ‘Doomsday Scenario,’ Regional Agency SaysLA Faces $1 Billion Budget Hole, Warns of Thousands of LayoffsLibraries Warn They Could Be ‘Cut off at t

Rain, a startup focused on issuing Visa debit and credit cards that facilitate the use of stablecoins, has successfully raised $24.5 million in a recent funding round.

(Reuters) -The Federal Reserve appears to be on the threshold of ending a historic streak of losses, which in turn could get it back on track to returning cash to the Treasury somewhere down the line, analysts at Morgan Stanley said in a note on Monday. At issue is the relationship between how the Fed makes money to fund its operations and the cash it pays as part of the system to maintain control over short-term interest rates. Aggressive rate rises starting three years ago tipped Fed books deeply into the red and now, with short-term rates down, the investment bank believes the Fed is hovering near the point where it can earn money again.