Dogecoin continues to surge as Elon Musk flexes influence over Trump’s staffing picks
The Shiba Inu-themed memecoin has almost tripled in the last week.
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6 Reasons the Poor Stay Poor and the Middle Class Doesn’t Become Wealthy
Germany’s New Finance Chief Rules Out Federal Funding Freeze
(Bloomberg) -- Germany’s new finance minister dismissed fears the political turmoil in Berlin will trigger a funding freeze, pledging the federal government will be fully capable of functioning in the weeks before February’s early election.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesThe Leaf Blowers Will Not Go QuietlyArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo DistrictJoerg Kukies,
Kazakhstan Again Misses OPEC+ Target for Cutting Oil Output
(Bloomberg) -- Kazakhstan lowered oil production sharply in October, with maintenance work closing one of its main fields, but still failed to meet its OPEC+ output cuts target.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesThe Leaf Blowers Will Not Go QuietlyArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo DistrictThe Central Asian nation pumped 1.29 million barrels a day in October, accor
'Underbanked' households more likely to own crypto, FDIC report says
The report from the U.S. Federal Deposit Insurance Corporation also showed that one in eight shoppers using buy-now-pay-later (BNPL) services had made a payment late or missed it on at least one purchase. The findings are contained in the latest periodic survey of "underbanked" and "unbanked" households: those with little or no access to traditional banking. The FDIC surveyed 30,000 households in June 2023 as part of a series of surveys begun in the wake of the global financial crisis that began in 2007.
Coinbase launches ‘Coin50’ index as crypto equivalent to S&P 500 and a balance to Bitcoin
The Coin50 index includes the top 50 cryptocurrencies ranked by market cap and provides a comprehensive view of industry performance.
US consumers see lower inflation and debt delinquency risk, NY Fed survey shows
Households on average saw inflation over the next year at 2.9%, down from 3.0% in September and the lowest estimate for near-term price increases in four years, according to the New York Fed's monthly Survey of Consumer Expectations. Inflation expectations also fell at the three-year and five-year horizons - to 2.5% and 2.8%, respectively. Those are findings likely to be welcomed by the Fed as it works to keep price pressures contained and inflation expectations anchored while it continues its policy shift to interest rate decreases.