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The U.S. Consumer Financial Protection Bureau (CFPB) has taken steps to put Alphabet's Google under formal federal supervision, the Washington Post reported, potentially mounting yet another regulatory challenge for the Big Tech giant. Google has fiercely resisted the idea over months of highly secretive talks, the report said on Thursday, citing two people familiar with the discussions. Federal supervision status can allow regulators access to a company's internal records.

The aggregate result of this election cycle, not least the US presidential contest, is bullish for the crypto industry in the US and by extension the world.

The traditional 60/40 portfolio, which ensures growth from equities and bonds that helped manage risk, was the perfect vehicle for the analog economy. Adding bitcoin to a 60/40 portfolio increases the returns as the allocation increases. It may be time to reassess the wisdom of the 60/40 portfolio, which was created back in the early 1950's and is often referred to as the "Modern Portfolio Theory."

NEW YORK (Reuters) -Federal Reserve governor Adriana Kugler said Thursday the central bank has made considerable progress in working to achieve its job and inflation goals, while stopping short of offering firm guidance over what that means for the near-term monetary policy outlook. “The United States has seen considerable disinflation while experiencing a cooling but still resilient labor market,” Kugler said in a speech given before the 2024 Annual Meeting of the Latin American and Caribbean Economic Association and the Latin American and Caribbean Chapter of the Econometric Society, in Montevideo, Uruguay. But while there’s been progress on getting inflation back to the 2% target, Kugler noted there are likely to be ongoing challenges to further ease price pressures from housing factors and other factors.

The French financial services firm said earlier this year it will also expand EURCV to the Solana network after struggling to attract users on Ethereum.

(Bloomberg) -- US producer prices picked up in October, fueled in part by gains in portfolio management costs and other categories that feed into the Federal Reserve’s preferred inflation gauge.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesZimbabwe City of 700,000 at Risk of Running Dry by Year-EndSaudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency SaceNYC Congestion Pricing Plan With $9 Toll to Start in JanuaryThe Urban-Rural Divide Over

DeFi Technologies has announced plans to launch CoreFi Strategy, a new investment vehicle aimed at providing exposure to Bitcoin and its associated decentralized finance ecosystem.

Bitcoin's surge above $90,000 has left investors wondering if it still has room to run.

After the data, which showed producer prices excluding food and energy rose 3.1% in the 12 months through October, traders priced in about a 75% chance of a quarter-point interest-rate cut in December, versus more than 80% before the data.

Wholesale prices in the United States rose last month, remaining low but suggesting that the American economy has yet to completely vanquish inflationary pressure. Thursday's report from the Labor Department showed that its producer price index — which tracks inflation before it hits consumers — rose 0.2% from September to October, up from a 0.1% gain the month before. Compared with a year earlier, wholesale prices were up 2.4%, accelerating from a year-over-year gain of 1.9% in September.