Bloomberg Television provides in-depth coverage of Wall Street’s closing moments, featuring insights from leading financial experts. Guests include Winnie Cisar of Creditsights, former New York Federal Reserve President Bill Dudley, and Mastercard’s Michelle Meyer, among others. The discussion spans market trends, economic policy, and investment strategies, offering viewers a comprehensive look at today’s financial landscape. With perspectives from ProShares, Wells Fargo, and Churchill Asset Management, the segment is a must-watch for investors and analysts alike.
about Wall Street Closing Bell Analysis & Expert InsightsBill Dudley
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Coinbase Expands Advisory Board Amid Favorable Regulatory Changes in Crypto Industry
Coinbase has appointed four prominent advisors, including former Senator Kyrsten Sinema and Trump campaign manager Chris LaCivita, aiming to influence policy discussions amid favorable regulatory changes. Recent nominations by Trump for key regulatory roles, including pro-crypto figures at the SEC and CFTC, signal a supportive environment for the crypto industry. Legal victories for Coinbase against the SEC further bolster its position, as courts challenge the regulator’s lack of clear rules.
about Coinbase Expands Advisory Board Amid Favorable Regulatory Changes in Crypto IndustryCoinbase Appoints Trump’s Campaign Manager to Global Advisory Council
Coinbase has appointed Chris LaCivita, former campaign manager for President Trump, to its global advisory council, alongside notable figures like former Senator Kyrsten Sinema and Bill Dudley, ex-president of the Federal Reserve Bank of New York. LaCivita emphasized the need for a pro-crypto leadership as the U.S. transitions into a new political era, aiming to position America as a leader in the crypto space. The council aims to leverage strategic insights to advance Coinbase’s vision for the future of the internet through crypto and blockchain technologies.
about Coinbase Appoints Trump's Campaign Manager to Global Advisory CouncilBitcoin Sees Major Inflows While Ethereum Continues to Struggle
Global crypto investment products saw a significant rebound with $436 million in net inflows last week, primarily driven by Bitcoin’s resurgence after two weeks of outflows. Major asset managers like BlackRock and Fidelity contributed to this turnaround, with U.S. spot Bitcoin ETFs accounting for $403.9 million of the inflows. In contrast, Ethereum funds continued to struggle, experiencing net outflows of $19 million, adding to the previous week’s losses.
about Bitcoin Sees Major Inflows While Ethereum Continues to StruggleUS stocks surge as expectations for Federal Reserve rate cut rise
US stocks surged on Friday, capping a strong week as expectations for a significant interest rate cut by the Federal Reserve increased. The S&P 500 rose 0.5%, the Nasdaq Composite climbed 0.7%, and the Dow Jones added about 300 points, with the Nasdaq posting its best week of the year at over 5% gain.Market optimism grew as traders now see a 49% chance of a 50 basis point cut next week, up from 15% just a day earlier, amid speculation fueled by reports from major financial outlets. Concerns over a labor market slowdown and recession risks continue to create volatility in the markets.
about US stocks surge as expectations for Federal Reserve rate cut riseUS stocks surge as Fed rate cut expectations rise
US stocks surged on Friday, capping a strong week as expectations for a significant Federal Reserve interest rate cut increased. The S&P 500 rose 0.5%, the Nasdaq Composite climbed 0.7%, and the Dow Jones added about 300 points. The Nasdaq recorded its best week of the year with a gain of over 5%, driven by renewed optimism around a potential half-point rate cut amid ongoing debates about interest rate policy.
about US stocks surge as Fed rate cut expectations riseStocks Rise Ahead of Anticipated Federal Reserve Rate Cuts
Stocks rose as optimism builds ahead of the Federal Reserve’s anticipated rate cut next week, with a 53% probability for a 0.25% reduction. Consumer sentiment improved slightly, while Boeing’s shares fell 3.6% due to a strike by its largest union, and Adobe dropped 8.5% after a disappointing revenue outlook despite beating earnings estimates. The Dow Jones, S&P 500, and Nasdaq all posted gains for the week.
about Stocks Rise Ahead of Anticipated Federal Reserve Rate CutsUS Stock Futures Rise Amid Expectations of Federal Reserve Rate Cut
US stock futures rose on Friday, buoyed by increasing expectations for a half-point interest rate cut by the Federal Reserve, with S&P 500 futures up 0.2% and Nasdaq 100 futures adding 0.1%. The likelihood of a 50 basis point reduction has surged to 45%, driven by recent inflation and jobs data, alongside comments from former New York Fed president Bill Dudley advocating for a deeper cut. In individual stocks, Adobe shares fell after a disappointing outlook, while Oracle’s stock climbed on a positive revenue forecast, and Boeing faced a decline due to a strike halting manufacturing.
about US Stock Futures Rise Amid Expectations of Federal Reserve Rate CutGlobal Policymakers Push for Central Bank Digital Currencies Despite Failures and Risks
Global policymakers are advocating for the development of central bank digital currencies (CBDCs), despite the failures and risks associated with them. However, instead of pursuing CBDCs, policymakers should focus on more fundamental reforms to create a freer financial system. The current CBDC projects have proven to be wasteful and potentially lead to government control. Reforming financial privacy and strengthening oversight of regulators are among the alternative solutions that can improve the financial system without the need for CBDCs.
about Global Policymakers Push for Central Bank Digital Currencies Despite Failures and Risks