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Bitcoin rebounds to $100,000 as inflation data puts Fed rate cuts ‘back on the table’
The original cryptocurrency has risen 9% since hitting a 30-day low of $90,600.
Why Bitcoin, Ethereum, and Dogecoin Are Surging Today
Today's CPI report turns out to mean a great deal to crypto investors.
Amazon Stock Could Swing Back Toward Highs
Amazon stock has pulled back to its bullish 50-day moving average
US businesses wary of Trump policy impacts, Fed survey shows
(Reuters) -The U.S. economy ended 2024 with a slight to moderate increase in activity and a tick upward in employment, the Federal Reserve said on Wednesday, but businesses flagged a range of concerns about the potential for policies under President-elect Donald Trump to push prices higher. The findings, which draw on observations from the business and community contacts of each of the Fed's 12 regional banks through Jan. 6, provide a snapshot of the economy before Trump returns to the White House next week. "More contacts were optimistic about the outlook for 2025 than were pessimistic about it, though contacts in several Districts expressed concerns that changes in immigration and tariff policy could negatively affect the economy," the U.S. central bank said in its summary of surveys and interviews from across the country known collectively as the Beige Book.
Alliance, NADA CEOs: California’s EV rules will disrupt market
John Bozzella, who leads the trade group representing major automakers in the U.S., said there’s “not a chance” that the states that follow California’s Advanced Clean Cars II regulations will achieve that benchmark this year.
Trump-fuelled stock market rally sends Wall Street profits to record highs
Wall Street’s biggest banks posted record profits after Donald Trump’s election triumph triggered a US stock market trading frenzy.