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Milei Stumbles Into Crypto Memecoin Scandal Before US Trip

(Bloomberg) -- Late Friday night, prolific social media user Javier Milei directed followers to a site that purported to raise money for small businesses in Argentina using crypto.Most Read from BloombergWhy Barcelona Bought the Building That Symbolizes Its Housing CrisisProgressive Portland Plots a ComebackPor qué Barcelona compró el edificio que simboliza su crisis inmobiliariaA Filmmaker’s Surreal Journey Into His Own Private WinnipegHow to Build a Neurodiverse CityHalf a world away, digital

Trump sending fewer market moving social media posts than previous term, study shows

Donald Trump has so far sent comparatively fewer market-moving social media posts since being re-elected than during his first term in power, a study by U.S. investment bank JPMorgan has estimated. The bank's analysts found that only 10% of the 126 posts Trump had published this time around on sensitive topics such as trade tariffs, foreign relations and economics had caused clear currency market moves. "Among the different topics, the posts on tariffs have been the biggest market movers," JPMorgan's note published on Monday said, adding that closer to a third of those ones had been market moving.

RBNZ Set to Deliver Third Half-Point Rate Cut to Revive Economy

(Bloomberg) -- New Zealand’s central bank is set to deliver its third big interest-rate cut in a row and signal further reductions this year to rekindle economic growth.Most Read from BloombergWhy Barcelona Bought the Building That Symbolizes Its Housing CrisisProgressive Portland Plots a ComebackPor qué Barcelona compró el edificio que simboliza su crisis inmobiliariaA Filmmaker’s Surreal Journey Into His Own Private WinnipegHow to Build a Neurodiverse CityThe Reserve Bank will lower the Offici