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(Bloomberg) -- Gold retreated as investors took profits after another record-breaking session, with prices still supported by growing optimism over the timing of the next Federal Reserve rate cut and increasing haven demand.Most Read from BloombergNYC’s Congestion Pricing Pulls In $48.6 Million in First MonthNYC to Shut Migrant Center in Former Hotel as Crisis EasesDC Mayor Re-ups Call for Statehood as Trump Threatens TakeoverThe Trump Administration Takes Aim at Transportation ResearchShelters

GameStop has a unique opportunity to redefine itself as a market leader with its nearly $5 billion cash reserve, the letter said.

GameStop has a unique opportunity to redefine itself as a market leader with its nearly $5 billion cash reserve, the letter said.

As soon as President Donald Trump was elected last year, the immediate expectation was that big things were coming for crypto. Last year, Bitcoin had two primary catalysts -- the launch of the new spot Bitcoin exchange-traded funds (ETFs) in January, and Trump's election in November.

WASHINGTON (Reuters) -The head of a new congressional panel gearing up to strengthen Capitol Hill's oversight of the Federal Reserve plans a broad review of how the U.S. central bank makes its interest rate decisions, including whether controlling inflation should be prioritized over safeguarding employment. "A substantial number of my Financial Services Committee colleagues and the chairman want to discuss that issue," Representative Frank Lucas, an Oklahoma Republican, told Reuters in an interview on Monday ahead of next week's first hearing of the Monetary Policy, Treasury Market Resilience, and Economic Prosperity Task Force. The Fed's dual mandate - to foster price stability and maximum employment - was imposed by Congress in 1978, and right now it is close to both goals: The unemployment rate is 4% and inflation has eased to 2.6% relative to a 2% target, a far better outcome than many feared.

(Bloomberg) -- Bitcoin tumbled below $90,000 to hit the lowest level since mid-November, as the rally that followed Donald Trump’s election to the White House reverses amid a broader retreat from risky assets. Most Read from BloombergNYC’s Congestion Pricing Pulls In $48.6 Million in First MonthNYC to Shut Migrant Center in Former Hotel as Crisis EasesDC Mayor Re-ups Call for Statehood as Trump Threatens TakeoverThe Trump Administration Takes Aim at Transportation ResearchShelters Await Billions

The raise was led by Electric Capital and included participation from MassMutual, Highland Capital, Haun Ventures and ParaFi Capital

Tempus AI's fourth-quarter results missed profit and sales estimates as its costs increased.

The price of bitcoin fell below $90,000 and other cryptocurrencies saw large drops Tuesday morning, erasing some of the gains digital assets have made since President Donald Trump took office on a pro-crypto agenda. Bitcoin, the world’s most popular cryptocurrency, was trading at about $89,000 as the U.S. stock market opened. The decline in bitcoin and other crypto assets accelerated after a report showed a bigger-than-expected drop in consumer confidence for this month.

WASHINGTON (Reuters) -U.S. Treasury Secretary Scott Bessent on Tuesday argued the U.S. economy is more fragile under the surface than economic metrics suggest and vowed to "re-privatize" growth by cutting government spending and regulation. In his first major economic policy address since taking office, Bessent said that interest rate volatility, sticky inflation and reliance on the public sector for job growth have hobbled the U.S. economy despite positive top-line GDP growth and low unemployment. In the wide-ranging speech at an investment conference hosted by the Australian embassy in Washington, Bessent blamed "prolific overspending" under former President Joe Biden and regulations that have hindered supply-side growth as the main drivers of "sticky inflation."