The Federal Reserve officials recently stated that inflation is getting closer to its target, potentially paving the way for future interest rate cuts. While they did not explicitly mention an impending rate reduction, they acknowledged that progress has been made in improving economic conditions. The statement highlighted that risks related to achieving employment and inflation
Finance
In a significant move, Russian lawmakers have given the green light to a new law that permits the use of cryptocurrency for international payments. This decision comes as a response to the financial pressure Russia faces from Western sanctions. The State Duma, which serves as the lower house of the Russian Parliament, approved the legislation
Berkshire Hathaway’s recent actions have raised eyebrows as the conglomerate has been on a selling streak with their Bank of America stake for nine consecutive days. This prolonged divestment indicates that Warren Buffett may be more than just trimming the company’s long-standing holding in the bank. Over the past nine trading sessions, Berkshire has offloaded
The recent approval of spot ether exchange-traded funds marks a historic week for the cryptocurrency markets. Nine applicants, including Franklin Templeton and VanEck, received the green light from the Securities and Exchange Commission, signaling a new era in digital asset investment. Franklin Templeton, the brains behind the Franklin Ethereum ETF (EZET), expressed optimism about the
In a series of transactions over six consecutive trading days, Berkshire Hathaway has been consistently lowering its stake in Bank of America. The conglomerate, led by Warren Buffett, has sold off a total of 52.8 million Bank of America shares, amounting to $2.3 billion. This has reduced its stake in the bank to 12.5%, despite
The landscape of financial services is rapidly changing, with the rise of “buy now, pay later” (BNPL) options becoming increasingly popular among consumers. However, with this surge in popularity comes concerns about the potential risks and challenges associated with these services. In the UK, the government is gearing up to introduce updated plans to regulate
In a recent report by Bank of America analysts, it was noted that four of the world’s largest semiconductor equipment manufacturers, including ASML, have experienced a significant increase in their China revenue. Since late 2022, their share of revenue from China has more than doubled. This surge in revenue can be attributed to China’s decision
The recent influx of money into small-cap stocks has sparked discussions about investor behavior and market trends. ETF journalist, Dave Nadig, believes that investors are not necessarily shifting from winning growth trades to small caps, but rather are engaging in a diversification trade. According to Nadig, the increased flows into small caps, as well as
In response to increasing trade tensions, top Chinese officials have made it clear that their focus will remain on domestic affairs. Han Wenxiu, the deputy director of the Chinese Communist Party’s central committee office for financial and economic affairs, emphasized the importance of prioritizing three key areas. These areas include the stable and healthy development
When it comes to purchasing an electric vehicle (EV) in the United States, there is a $7,500 federal tax credit available for qualifying buyers. This tax credit, known as the “new clean vehicle” tax credit, has certain requirements that must be met in order for consumers to claim it. For example, the EV must be