(Bloomberg) -- Federal Reserve Bank of San Francisco President Mary Daly said policy needs to remain restrictive until there’s more progress on inflation, which she expects will continue declining over time.Most Read from BloombergWhy Barcelona Bought the Building That Symbolizes Its Housing CrisisPor qué Barcelona compró el edificio que simboliza su crisis inmobiliariaTrump Child Refugee Agency Shares Data With Immigration EnforcersA Filmmaker’s Surreal Journey Into His Own Private Winnipeg“At
‘Overhyped’ AI may trigger setbacks in stock market: Fed official
Roughly eight out of 10 CFOs plan to boost spending on generative AI and other technologies this year, Gartner found in a survey.
Medtronic Stock Slumps as Sales Miss Estimates
Medtronic shares slumped Tuesday after the medical device maker missed sales forecasts.
Wall Street pessimism hits its highest level in two years as investors worry about Trump’s tariffs
Almost half of individual investors are bearish.
Robert Kiyosaki: 3 Ways To Get Rich in an Economic Downturn
Robert Kiyosaki's recent interviews declare his belief that it's the end of "this" as he holds up a dollar bill. He's even been known to encourage followers to seek alternative assets. Check Out: 3...
Mastercard Says It Has Moved Beyond Experimentation in Crypto, Focused on 'Real Solutions'
“What is stopping [crypto] from going mainstream is really that consumers need to be able to find each other using what they already know,” Mastercard’s head of crypto and blockchain, Raj Dhamodharan told CoinDesk.
Fed policy should stay restrictive until there's more inflation progress: Daly
"Policy needs to remain restrictive until ... I see that we are really continuing to make progress on inflation," she told a community banking conference hosted by the American Bankers Association in Phoenix, Arizona. With the economy and labor market solid, "we want to be, in my judgment, careful ... before we make the next adjustment" to ensure there is enough downward pressure on inflation, she said. It is expected to keep it there for another couple of meetings as policymakers watch the economic data and begin to assess how the Trump administration's tariff, immigration, tax and other policies may affect inflation and unemployment.
Bitcoin headed for $2 million, says Jan3 CEO revising $1 million forecast
Jan3 CEO Samson Mow has doubled his Bitcoin price target, now predicting BTC will reach $2 million. His revised forecast comes as institutional giants ramp up Bitcoin ETF holdings.
Investors went on January emerging market buying spree, report shows
Investors piled into emerging market countries' debt to the tune of $45 billion and bought up $2 billion of Chinese stocks in January, a closely followed report from the Institute of International Finance showed on Tuesday. The trade body cited how markets were being buffeted by the plans of returning U.S. President Donald Trump to reshape the global order, as well as the continuing evolution of artificial intelligence. Emerging market countries saw a $35.4 billion 'net inflow' of international money in January although there was sharp divergence between debt and stocks, the report showed.
Milei’s Crypto Defense Backfires After Aide Interrupts Interview
(Bloomberg) -- President Javier Milei stumbled in his bid to downplay his role in a crypto scandal in which he touted a memecoin that later crashed, with fallout spreading to Argentine assets after investors returned from a US holiday.Most Read from BloombergWhy Barcelona Bought the Building That Symbolizes Its Housing CrisisPor qué Barcelona compró el edificio que simboliza su crisis inmobiliariaTrump Child Refugee Agency Shares Data With Immigration EnforcersA Filmmaker’s Surreal Journey Into