News

1 Cryptocurrency to Consider Buying With $1,500, and 1 to Avoid

With so many cryptocurrency opportunities abounding right now -- including quite a few opportunities to lose all of your money -- sticking to the highest-quality assets is simply not optional. With that in mind, let's dig into one top crypto coin that's worth considering an investment in, and then take a beat to understand another popular coin that could be a fast trip to nearly zeroing out your invested cash. XRP (CRYPTO: XRP) has one thing going for it that most cryptocurrencies struggle with: a use case that big financial institutions are on board with.

Oil Set for Weekly Drop as Trump Tariffs Outweigh Iran Sanctions

(Bloomberg) -- Oil headed for a third weekly decline as worries that President Donald Trump’s tariffs on China will sap demand outweighed his first round of sanctions against Iran.Most Read from BloombergCitadel to Leave Namesake Chicago Tower as Employees RelocateNYC Sees Pedestrian Traffic Increase in Congestion-Pricing ZoneNice Airport, If You Can Get to It: No Subway, No Highway, No BridgeHow London’s Taxi Drivers Navigate the City Without GPSTransportation Memos Favor Places With Higher Bir

Traders see Fed cutting rates in June after jobs data

Traders of short-term interest-rate futures continue to bet the Federal Reserve will next cut its policy rate in June after a government report showed the U.S. unemployment rate was 4% last month. Traders also continue to see a second rate cut by the end of 2025 as more likely than not.

Mexico’s Inflation Slows More Than Expected After Rate Cut

(Bloomberg) -- Mexico’s inflation slowed more than expected in January, supporting the central bank’s decision to deliver a half-point cut to its benchmark interest rate and signal additional reductions of the same magnitude. Most Read from BloombergCitadel to Leave Namesake Chicago Tower as Employees RelocateNice Airport, If You Can Get to It: No Subway, No Highway, No BridgeNYC Sees Pedestrian Traffic Increase in Congestion-Pricing ZoneHow London’s Taxi Drivers Navigate the City Without GPSTra

Oil set for third straight weekly decline amid tariff concerns

LONDON (Reuters) -Oil prices rose on Friday after new sanctions were imposed on Iran's crude exports but were on track for a third straight week of decline, hurt by U.S. President Donald Trump's renewed trade war on China and threats of tariffs on other countries. Brent crude futures were up 42 cents, or 0.6%, at $74.71 a barrel at 1300 GMT, but were poised to fall 2.6% this week. The U.S. Treasury said on Thursday it was imposing new sanctions on a few individuals and tankers helping to ship millions of barrels of Iranian crude oil per year to China, in an incremental move to increase pressure on Tehran.