On January 24th, Trump told the World Economic Forum in Davos, Switzerland on Thursday: "As oil prices fall, I will demand an immediate rate cut, and likewise, the whole world should cut rates." Five days later, the Federal Reserve will hold Trump's first policy meeting since taking office on January 28-29, and it is widely expected that the Fed will keep interest rates unchanged at this meeting. Trump has widely criticized the Fed for raising interest rates in the first two years of his first t...
US President Donald Trump questioned Federal Reserve Chairperson Jerome Powell's interest rate decision on Thursday local time and said he planned to speak with the Fed chairperson "in due course". "I think I know more about interest rates than they do, and I think I certainly know more about interest rates than the people who are primarily responsible for making interest rate decisions," Trump told reporters in the Oval Office, apparently referring to Powell. "If I don't agree, I will...
At the World Economic Forum in Davos, Switzerland, Trump blasted European Union regulators for targeting Apple (AAPL. O), Google (GOOG. O) and Meta (META. O), calling the European Union's charges against U.S. companies "a form of taxation." The European Union's strict regulation of big tech companies is known around the world, often sparring with major social media platforms such as Facebook and X over content moderation and clashing with companies such as Apple and Google over antitrust issues....
Ledger co-founder David Balland has been released after being kidnapped in France. Bloomberg reports that the details of the case have not been disclosed and the relevant investigation is ongoing.
According to Techinasia, Coinbase CEO Brian Armstrong said during his participation in the World Economic Forum in Davos, Switzerland, that Trump's presidency could drive an increase in cryptocurrency investment. Brian Armstrong said that the support of leaders of major economies such as the United States could have a significant impact on the market. He believes that Trump could become a supporter of the crypto industry, and emphasizes that public support can have an impact on the development o...
According to CoinDesk, Swiss cryptocurrency trading platform and artificial intelligence-led investment house Smart Valor is exploring the possibility of selling all or part of its business. CEO and co-founder Olga Feldmeier said in an interview that the company is conducting a strategic review after receiving a large number of inquiries from large global exchanges, cryptocurrency platforms, and traditional financial (TradFi) institutions, including banks and trading platforms. The European Unio...
In an interview with CNBC at the World Economic Forum in Davos, Switzerland, Brian Moynihan, CEO of Bank of America (BoA), said that if proper regulation makes crypto payments "a reality," then "the banking system will be tough on transactions." In this case, crypto transactions would simply be seen as another payment type alongside credit cards, debit cards, and Apple Pay., Brian Moynihan said: "We already have hundreds of blockchain patents...
In 2024, Switzerland's Crypto Valley reached a market capitalization of $593 billion, with 17 unicorn companies accounting for 29% of European blockchain financing.
In an interview at the World Economic Forum's annual meeting in Davos, Switzerland, Circle CEO Jeremy Allaire said that U.S. President Donald Trump may soon sign an executive order to make it easier for banks to own digital assets. He expects Trump's order to support cryptocurrencies to be issued soon, but did not specify when. Allaire is particularly concerned about the SEC...
The implementation of Trump's policy may bring bilateral risks to the oil market, but crude oil risks are still biased to the upside in the short term. Does the current spot premium provide such a trading opportunity? > >
Cleveland Fed President Mark Hammarck dissented at the third Fed meeting, where she only participated in decision-making. She opposed the idea that interest rates had to be cut due to market expectations at the time, and said her objection was supported by Powell and other colleagues. Click to view > >
On January 17, a spokesperson for the Ministry of Foreign Affairs announced that at the invitation of Schwab, founder and chairperson of the board of directors of the World Economic Forum, and the governments of Switzerland and the Netherlands, Ding Xuexiang, member of the Standing Committee of the Political Bureau of the CPC Central Committee and Vice Premier of the State Council, will travel to Davos, Switzerland from January 19 to 24 to attend the World Economic Forum 2025 Annual Meeting and ...
Mr. Waller said that this week's CPI data was very good and that if more such data were available, the Fed could cut rates in the first half of the year, arguing that a cut in March could not be ruled out. If inflation falls, the Fed could cut rates more aggressively than market expectations.