News

“My investment in Debifi is a vote towards building robust BTC loan infrastructure without rehypothecation”, says Willy Woo.

A slightly more hawkish set of Federal Reserve regional bank presidents will become voters on the U.S. central bank's rate-setting panel in 2025, raising the chance that any further interest rate cuts next year could spur more dissents like the one seen on Wednesday from the head of the Cleveland Fed. Fed Chair Jerome Powell has already signaled a pause in the rate cuts in January, saying on Wednesday that policymakers will move cautiously, with further reductions in borrowing costs contingent on seeing more progress in lowering inflation. All 12 regional Fed presidents discuss and debate monetary policy at each of the U.S. central bank's eight annual meetings, and many have said their status as voter or non-voter has no bearing on their sway around the policy-setting table.

New research shows that the resale sector is accelerating fast, and has overtaken sales in the broader apparel, accessories and footwear categories.

In addition to its daily SRF operation occurring between 1:30 p.m. and 1:45 p.m. EST, the New York Fed will offer an operation between 8:15 a.m. and 8:30 a.m. each day beginning Dec. 30 through Jan. 3, 2025, it said in a statement. "These additional morning operations are intended to be technical exercises for the purpose of increasing the Federal Reserve’s understanding of how SRF operation times can support effective policy implementation and market functioning during periods of expected money market pressures," the New York Fed said. The SRF is designed to provide liquidity as needed to banks looking to meet short-term funding requirements.

Soho House’s billionaire chairman has revived efforts to take the private members’ club off the US stock market, backing a near $1.8bn (£1.4bn) buyout bid.

On Thursday, Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX) announced results from its Phase 2 study of suzetrigine for painful lumbosacral radiculopathy (LSR), a disorder that causes pain in the lower back and hip that radiates down the back of the thigh into the leg. The study met its primary endpoint with a statistically significant and clinically meaningful reduction in pain on the numeric pain rating scale (NPRS). The suzetrigine arm showed a statistically significant and clinically mean

“I think the most ironic way the world could end would be if someone makes a memecoin about a man’s stretched anus and it brings about the singularity.” That’s Andy Ayrey, the founder of decentralized AI alignment research lab Upward Spiral, who is also behind the viral AI bot Truth Terminal. You might have heard about Truth Terminal and its weird, horny, pseudo-spiritual posts on X that caught the attention of VC Marc Andreessen, who sent it $50,000 in bitcoin this summer. Or maybe you’ve heard

Micron Technology shares tanked Thursday after the chipmaker warned about near-term demand issues.

(Bloomberg) -- Bulls stormed into the stock market at the start of trading Thursday, snapping up shares suddenly on sale less than 24 hours after the Federal Reserve’s hawkish pivot sparked a historic rout.Most Read from BloombergNew York City’s Historic Preservation Movement Is Having a Midlife CrisisNYPD Car Chases Are Becoming More Frequent — and More DangerousDakar’s Air Quality Plummets as Saharan Dust Descends on SenegalBut as Thursday’s session wears on and equity indexes trim or lose the

Grayscale's Zach Pandl on why Bitcoin looks poised for strength, despite Fed-triggered selloff.