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Tag: Interest Rates

Warren Buffett discussed bailouts, coronavirus, and selling airline stocks at Berkshire Hathaway’s annual meeting. Here are the highlights.

Kevin Lamarque/Reuters Warren Buffett discussed a range of topics at Berkshire Hathaway's annual meeting on Saturday, famously described as "Woodstock for capitalists." The famed...

Meltem Demirors: “Bitcoin is not a F*cking Systemic Hedge If You Hold Your Bitcoin at a Financial Institution”

CoinShares’ chief strategy officer Meltem Demirors shared her view on how the latest crisis in the oil market will impact the ever-changing narratives...

Amid Pandemic Downturn, Crypto Lender Celsius Hits 50K in Bitcoin Deposits

Cryptocurrency lending and borrowing platform Celsius Network has topped 50,000 Bitcoin (BTC) in deposits — worth over $380,000,000 — since its launch back...

Americans are so nervous that they are stashing cash at a rate not seen since the Reagan presidency

The United States government's Bureau of Economic Analysis reported Thursday morning that the savings rate surged to 13.1% in March -- up from...

‘W-shaped’ recovery may be too optimistic, Fed’s Powell suggests

WASHINGTON (Reuters) - Federal Reserve Chair Jerome Powell has sketched out an altogether bumpier ride for the U.S. economy than many are predicting...

Bitcoin Climbs to $9.2K as Fed Stimulus Spurs Demand

On Thursday, Bitcoin stood as one of the biggest gainers after the Federal Reserve rendered benchmark lending rates to almost zero. This, of...

Asian stocks set to track U.S. gains as virus treatment hopes lift confidence

NEW YORK (Reuters) - Asian equity markets were poised to gain on Thursday, tracking Wall Street’s rally after positive trial results of an...

Fed keeps rates steady, vows to maintain coronavirus measures

NEW YORK (Reuters) - Federal Reserve policymakers on Wednesday left interest rates near zero and repeated a vow to do what it takes...

Coronavirus savages U.S. economy in first quarter; worse still to come

WASHINGTON (Reuters) - The U.S. economy contracted in the first quarter at its sharpest pace since the Great Recession as stringent measures to...

US Economy Shrinks at 4.8% Pace, Signaling Start of Recession

The record-long U.S. economic expansion is over after almost 11 years, with what’s likely to be the deepest recession in at least eight...

The Fed Sets The Scene for a U.S. Digital Currency

By lending widely to businesses, states and cities, the U.S. Federal Reserve has fundamentally altered the role of the central bank and paved...

Coronavirus likely hammered U.S. economy in first quarter

WASHINGTON (Reuters) - The U.S. economy likely contracted in the first quarter at its sharpest pace since the Great Recession as stringent measures...

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