The Federal Reserve is expected to maintain interest rates at their current level.
Crypto ETPs Face $1.7 Billion in Outflows as Bitcoin Products See Continued Decline for Fifth Consecutive Week
Crypto exchange-traded products (ETPs) saw significant outflows last week, with $1.7 billion withdrawn, continuing a streak of negative flows for the fifth consecutive week.
Robinhood Stock Jumps 8% as It Launches Betting Markets Hub With Kalshi
Robinhood’s stock rose 8% on the Nasdaq after it announced a new betting markets hub in partnership with Kalshi, a CFTC-regulated prediction market platform.
Metaplanet Continues Bond Issuance for Bitcoin Buys
Metaplanet has raised 2 billion yen ($13.4 million) through zero-interest bonds, allocated to Evo Fund and backed by stock acquisition rights, to purchase more BTC.
Bitcoin Storm Could Be Brewing, Crypto OnChain Options Platform Derive Says
BTC currently faces low volatility, but a storm could be coming, Derive's Nick Forster said.
'Bull crash' has driven the biggest ever drop in allocation to US stocks: Bank of America
Allocation to U.S. stocks saw the biggest drop ever in March with concerns over stagflation, trade wars and end of U.S. exceptionalism driving a "bull crash" in sentiment, a survey of investors from BofA Global Research showed on Tuesday. Global investors raised their allocation to cash to 4.1% from 3.5%, ending a "sell signal" triggered in December, with the speed of the downturn in sentiment being "consistent with end of equity correction", BofA said. Global growth expectations saw the second biggest drop on record, but, at the same time, allocation to euro zone stocks was the highest since July 2021, with banks becoming the world's favourite sector, according to the survey.
Bitcoin's Bull Market Cycle Is Over, CryptoQuant's Ki Young Ju Says
CryptoQuant's founder is concerned about liquidity drying up.
US Navy Shipbuilder’s Stock Jumps in Sydney as Hanwha Buys Stake
(Bloomberg) -- Shares of Australian shipbuilder Austal Ltd. climbed after a unit of Hanwha Aerospace Co. became a substantial shareholder of the US Navy contractor, as South Korea’s top defense firm attempts to bolster its foothold in America.Most Read from BloombergICE Eyes Massive California Tent Facility Amid Space ConstraintsHow Britain’s Most Bike-Friendly New Town Got BuiltThe Dark Prophet of Car-Clogged CitiesWashington, DC, Region Braces for ‘Devastating’ Cuts from CongressNYC Plans for
Mazda makes cost-saving effort as inflation threatens to drive up investment spending
Japanese automaker Mazda Motor said on Tuesday it will keep investments in its electrification efforts in check by making use of partnerships and its existing manufacturing plants after inflation threatened to push up costs. The automaker said it expects to keep its investment at around 1.5 trillion yen ($10.02 billion) for the period up to 2030 through its efforts, just as much as it had said in November 2022 it would be investing. Without its cost-savings efforts, spending on investment for the period was likely to surge by a third compared to what the company expected initially to around 2 trillion yen due to inflation, Mazda said.
Trump nominates Bowman as Fed’s next vice chair for supervision
The longtime central bank governor often served as a vocal counterpoint during Michael Barr's tenure, on issues such as stress tests, bank merger policy and CRA revisions.