Federal Reserve Governor Lisa Cook received more than $1M for legal fees during a dispute over her board position under former President Trump. Federal Reserve Governor Lisa Cook disclosed receiving over $1M to cover legal expenses as she contested an attempt by former Pre
U.S. equities rebounded sharply with the S&P 500 up 1.1% and Nasdaq gaining 1.9% after Fed-driven losses eased. Wall Street’s main indexes closed higher Thursday as investors digested the Federal Reserve’s hawkish policy shift and geopolitical developments lifted sentiment
Northeast Community Bancorp increases its quarterly payout to $0.25, marking a 25% rise from the previous $0.20 dividend. Northeast Community Bancorp announced a 25% increase in its quarterly dividend to $0.25 per share, up from $0.20. The move reflects the bank’s confiden
Analysts forecast a 2025 oil surplus but see Middle East supply recovery and low inventories supporting prices near-term. Analysts anticipate a significant oil glut in 2025 following the US-Iran deal, yet expect prices to remain supported. The agreement could reopen the St
Targa Resources gets Buy rating with $314 price target Targa Resources received a Buy rating from Jefferies, citing best-in-class midstream growth. The company's adjusted EBITDA compound annual growth rate is 11.2%, outpacing the liquids group average. Targa Reso
The pair reaches 0.8059, its highest level this year, driven by expectations of prolonged Fed hawkishness. The USD/CHF pair surged to a new 2024 high of 0.8059, breaching the previous peak of 0.8042 set on March 31. The move reflects a broader recovery in the US dollar ami
Hsiao-Wei Wang’s departure marks the latest in a series of high-profile exits amid governance and talent retention concerns for Ethereum. The Ethereum Foundation has seen another senior leader exit, with co-executive director Hsiao-Wei Wang stepping down immediately after
Bitwise highlights Bitcoin's discount to AI equities like NVIDIA while warning of $200 billion in upcoming capital raises diverting liquidity. Bitcoin trades at a steep discount to AI-linked stocks such as NVIDIA, which command significant premiums over long-term trends, a
Bitcoin traded below $78,000 for five months Bitcoin has been trading below its estimated production cost of approximately $78,000 for five consecutive months. This has left about 20% of miners unprofitable. Publicly listed mining companies sold over 32,000 BTC i
Fewer than 200 firms have secured MiCA authorization ahead of the July 1 deadline, pressuring unlicensed operators in the bloc. The European Union’s Markets in Crypto-Assets regulation (MiCA) transition period expires July 1, requiring firms to hold a bloc-wide license to
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