News list for " the Federal Reserve has come close to"

Wall Street's biggest banks are finally getting out of the $13 billion debt quagmire created by Musk. On Monday, Wall Street banks sold the last part of the debt they took out to finance Musk's 2022 acquisition of Twitter, according to people familiar with the matter. The $1.20 billion loan was sold at 98% of face value. The sale is long overdue. April 2022...

U.S. Treasury Secretary Vincent Bescent: Hopefully Trump's tax bill will be completed by July 4.

The Arizona House of Representatives has passed two bills that could allow the state to adopt bitcoin or other cryptocurrencies to build reserves. During the third reading of Senate Bill 1025 (SB1025) on April 28, 31 lawmakers voted in favor and 25 against. Another similar bill, SB1373, passed with 37 votes in favor and 19 against. The approvals bring the bills closer to being signed into law than similar initiatives in any other U.S. state. Meanwhile, President Trump has signed an executive ord...

According to the CME "Fed Watch", the probability that the Fed will keep interest rates unchanged in May is 91.1%, and the probability of a 25 basis point cut is 8.9%. The probability that the Fed will keep interest rates unchanged in June is 37.4%, the probability of a cumulative 25 basis point cut is 57.3%, and the probability of a cumulative 50 basis point cut is 5.3%.

Trump is working on larger trade deals with countries, which is why the White House is taking longer to announce, two Trump administration sources said. The deals go beyond just lowering Trump's latest tariffs, the sources added. Japan, Vietnam, Argentina, Britain, South Korea and the European Union were the countries most frequently mentioned by Trump and his trade team. The White House said last week that its trade team had received "18 written proposals," but did not elaborate on which countr...

Marco Santori, Kraken's former chief legal officer, has joined Pantera Capital as a general partner "focused on expanding the firm's crypto asset portfolio". Mr. Santori led Kraken in building one of the industry's largest legal and compliance divisions and is "widely recognised" for developing the Simple Agreement for Future Tokens (SAFT) framework. "I join Pantera at a pivotal moment for the crypto industry on the global stage," he said. "After more than a decade, governments are finally embra...

Mastercard is pushing to allow consumers to use stablecoins for spending and merchants to accept stablecoins for payment. "Mastercard is offering a comprehensive 360-degree solution that makes it as easy for consumers and businesses to use stablecoins as money in their bank accounts," the company said. Consumers will be able to spend stablecoins in crypto wallets at more than 150 million merchants around the world that accept Mastercard through traditional cards, and withdraw stablecoins to thei...

The world's largest silver ETF - iShares Silver Trust holdings increased by 100.43 tons from the previous day, and the current holdings are 14,056.44 tons, the largest increase since March 24. Welcome to click to view the data center...

Offshore RMB (CNH) against the US dollar at 04:59 Beijing time at 7.2846 yuan, up 39 points from last Friday's New York late trading, the day's overall trading at 7.3026-7.2828 yuan range.

Alibaba Tongyi Qianwen released a new version of the Qwen3 series of models early this morning, including 2 MoE models and 6 dense models, with parameters ranging from 0.6B to 235B. Compared with other top models such as DeepSeek-R1, o1, o3-mini, Grok-3 and Gemini-2.5-Pro, the flagship model Qwen3-235B-A22B achieved competitive results in benchmark assessments such as coding, mathematics, and general capabilities. Tongyi Qianwen also said that the reasoning ability of the Qwen3 model has been gr...

Trump announced the establishment of the Federal Emergency Management Agency (FEMA) agency review committee on social media, including Secretary of Defense Hegseth, Homeland Security Secretary Noam, the governor of Texas, the governor of Virginia, former Mississippi Governor Phil Bryant, Republican National Committee Chairperson Michael Watley and others. Trump said: "The new members will work to repair a severely damaged system...

On April 29th, Alibaba Tongyi Qianwen released a new version of the Qwen3 series of models early this morning, including 2 MoE models and 6 dense models, with parameters ranging from 0.6B to 235B. Compared with other top models such as DeepSeek-R1, o1, o3-mini, Grok-3 and Gemini-2.5-Pro, the flagship model Qwen3-235B-A22B achieved competitive results in benchmark evaluations such as coding, mathematics, and general capabilities. Tongyi Qianwen also said that the reasoning ability of the Qwen3 mo...