News list for " Burns"
Mr. Bernstein said MicroStrategy's "unprecedented" move to buy bitcoin could push MSTR up another 49 per cent.
Bernstein, the asset manager, urged investors to increase their exposure to bitcoin and cryptocurrencies "as soon as possible".
Bernstein said that the SEC and Senate Banking Committee are expected to take a friendly attitude towards cryptocurrencies after Trump takes office, and crypto assets are expected to be re-rated because it is not clear whether these assets qualify as securities. In addition, both stablecoins and market structure bills are likely to make faster progress, which is good for stablecoin issuers such as Circle and Paxos, as well as cryptocurrency exchanges and brokers/dealers in the United States.
Bernstein, the White House economic adviser, said inflation is slowing and is now close to the Federal Reserve's 2% target; real wages are rising and underlying economic conditions remain solid; and the jobs report could be distorted by recent hurricanes.
Bernstein, a Biden economic adviser, said the U.S. economy is trending in the right direction.
Market news: BHP Billiton and workers at the Spence copper mine in Chile have agreed to extend contract talks, easing the risk of a strike.
On April 19, 2024, the Chinese government's special envoy for the Middle East, Zhai Jun, met with the US ambassador to China, Burns, and the two sides conferred in depth on the latest developments in the Middle East situation.
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