SINGAPORE (Reuters) -The dollar steadied near five-month lows on Thursday after the Federal Reserve indicated rate cuts were likely later this year despite uncertainties around U.S. tariffs, while the pound hit a four-month high ahead of the Bank of England's policy decision. U.S. policymakers projected two quarter-point interest rate cuts were likely later this year, the same median forecast as three months ago, even as they expect slower economic growth and higher inflation. On Wednesday, the Fed held its benchmark overnight rate steady in the 4.25%-4.50% range.
Greenpeace to Pay $660 Million in Damages to Texas Oil Firm
(Bloomberg) -- Greenpeace has been ordered to pay more than $660 million in damages to Energy Transfer Partners LP after the Texas-based oil company accused the environmental group of defamation in connection with protests against an oil pipeline almost a decade ago.Most Read from BloombergDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleAmtrak CEO Departs Amid Threats of a Transit Funding PullbackNew York Subway Ditches MetroCard After 32 Years for Tap-And-GoNYC Plans for Flood
Largest crypto miner exec says Bitcoin is now ‘much more liquid’
Jeff LaBerge, Head of Capital Markets at Bitdeer, says Bitcoin's increasing institutional adoption has made it behave more like a traditional risk asset.
ETF analyst sees 75% chance for Solana, Dogecoin ETFs
Bloomberg ETF analyst Eric Balchunas sees high chances for Solana, HBAR, and Dogecoin ETFs, predicting over 75% approval odds.
US households are sitting on record amounts of stock. That could be bad news for the market.
"With this much optimism, one must ask how much liquidity is left around to buy," Ned Davis Research said.
Oil Executives Talk Permitting But Not Prices in Trump Meeting
(Bloomberg) -- Oil executives pressed for faster permitting — and didn’t discuss concerns about falling crude prices — during a meeting with President Donald Trump on Wednesday, Interior Secretary Doug Burgum said. Most Read from BloombergDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleAmtrak CEO Departs Amid Threats of a Transit Funding PullbackNew York Subway Ditches MetroCard After 32 Years for Tap-And-GoNYC Plans for Flood Protection Without Federal FundsThe Scary Thing Abou
Buying Bitcoin now? Michael Saylor says $80k is a 'historic entry point'
Bitcoin maximalist Michael Saylor believes that Bitcoin at $80,000 is a “historic entry point” as the asset has been stripped of all the risk.
Watch These AppLovin Price Levels as AI Stock's Volatile Run Continues
AppLovin shares surged Wednesday as investors reassessed their positions in the AI-powered advertising platform after selling accelerated in the stock yesterday. Monitor these crucial chart levels.
Tariffs to delay inflation progress, too soon to gauge impact, Fed's Powell says
U.S. Federal Reserve Chair Jerome Powell said on Wednesday that President Donald Trump's tariff increases would delay progress in bringing down inflation this year, but the Fed's base case is that tariff-related price impacts will be transitory, working through the economy quickly. Powell told a news conference after the Fed held rates steady that it was too soon to determine whether the Fed needed to look through the inflationary impact from higher tariffs.
Here's what to know about crypto taxes in 2025
Crypto brokers are expected to use Form 1099-DA, a new tax form for digital assets.