(Reuters) -CME Group said on Friday that it plans to roll out futures contracts on cryptocurrency Solana on March 17, pending regulatory review. The exchange said it expects to debut two contracts, one for 500 Solana coins and a "micro-sized" contract for 25 Solana. "We are responding to increasing client demand for a broader set of regulated products to manage cryptocurrency price risk," said Giovanni Vicioso, global head of cryptocurrency products at CME.
US Spending Drops on Cold Weather; Inflation Gauge Offers Relief
(Bloomberg) -- US consumers unexpectedly pulled back on spending on goods like cars in January amid extreme winter weather, and a slowdown in services, if sustained, may raise concerns about the resilience of the economy.Most Read from BloombergCuts to Section 8 Housing Assistance Loom Amid HUD UncertaintyThe Trump Administration Takes Aim at Transportation ResearchShelters Await Billions in Federal Money for Homelessness ProvidersNYC Office Buildings See Resurgence as Investors Pile Into BondsN
Ethena (ENA) Now Available on Bithumb's KRW Market Alongside Airdrop Promotion
Bithumb, a prominent South Korean crypto exchange, has officially added Ethena (ENA) to its KRW market.
Why Trump’s Potential Plan to Make Crypto Gains Tax-Free Could Be a Bad Idea
The elimination of capital gains taxes on crypto might not be the huge boon to American investors that it would appear to be.
Walgreens downgraded, Cava Group upgraded: Wall Street's top analyst calls
Walgreens downgraded, Cava Group upgraded: Wall Street's top analyst calls
CME Group to Launch Solana Futures as Demand for Crypto Derivatives Grows
CME Group expands its crypto offerings with Solana futures, set to debut in March.
Is Inflation Finally Cooling Again? The Fed's Favorite Gauge Says So
Inflation rose 2.5% over the year in January compared to 2.6% in December, marking the first decrease in four months.
Exclusive: Former House Financial Services chair Patrick McHenry joins crypto firm Ondo Finance
McHenry continues to advocate for crypto legislation, including for stablecoins, in Congress.
Bath & Body Works beat 2024 expectations, but its stock fell 12%. Its CEO says she was ‘surprised’ to see Wall Street’s reaction
Tariffs and uncertain consumer spending dampened Wall Street's enthusiasm for the retailer.
Inflation, growth may be in conflict but Fed seen restarting cuts in June
New data may point to emerging tension between the U.S. Federal Reserve's dual inflation and employment goals, as price pressures remained sticky in January while consumer spending slowed more than expected. Traders maintained bets the Fed will cut interest rates by a quarter of a percentage point at its June and September meetings this year, but analysts noted the situation seemed to have become more complex and could present policymakers with a difficult decision in the weeks ahead. Hints of slowing growth alongside inflation still stuck above the Fed's 2% target, "presents a dilemma for the Fed...if you add them together, that equals stagflation," said Peter Cardillo, chief market economist for Spartan Capital Securities in New York.