thehindubusinessline118d ago
Wall Street tumbles as AI disruption fears and Supreme Court ruling rattle investors
The Dow fell over 800 points, while the S&P 500 and Nasdaq dropped more than 1%.
#COMMODITIES
Financial News
bitcoinworld118d ago
ZachXBT Insider Trading Exposé Sparks Intense Speculation About Polymarket’s Future
BitcoinWorldZachXBT Insider Trading Exposé Sparks Intense Speculation About Polymarket’s FutureFebruary 25, 2025 – The cryptocurrency community now intensely speculates about ZachXBT’s upcoming insider trading exposé potentially targeting Polymarket. Following the prominent on-chain analyst’s announcement about exposing misconduct at an anonymous crypto firm, evidence points toward the prediction market platform. This development comes amid increasing regulatory scrutiny of decentralized finance platforms globally. ZachXBT Insider Trading [...]This post ZachXBT Insider Trading Exposé Sparks Intense Speculation About Polymarket’s Future first appeared on BitcoinWorld.
#CRYPTO
thelincolnianonline118d ago
IREN (NASDAQ:IREN) Stock Price Up 6% – What’s Next?
IREN Limited (NASDAQ:IREN – Get Free Report)’s share price shot up 6% during trading on Monday . The company traded as high as $42.56 and last traded at $42.36. 30,307,627 shares changed hands during mid-day trading, a decline of 29% from the average session volume of 42,910,266 shares. The stock had previously closed at $39.98. [...]
#CRYPTO
tickerreport118d ago
Applied Digital (NASDAQ:APLD) Trading Up 3.3% – Here’s What Happened
Applied Digital Corporation (NASDAQ:APLD – Get Free Report)’s share price was up 3.3% during trading on Monday . The company traded as high as $30.08 and last traded at $30.00. Approximately 14,557,861 shares traded hands during mid-day trading, a decline of 58% from the average daily volume of 34,938,953 shares. The stock had previously closed [...]
#CRYPTO
pymnts118d ago
SEC Guidance Eases Capital Rules, Pushing Stablecoins Closer to Cash Status
For banks, broker-dealers, and clearing firms, the primary obstacle to engaging with crypto has rarely been philosophical skepticism. It has instead been the 800-pound-gorilla in the room made up of the balance-sheet frictions digital assets bring with them, and the many regulatory pitfalls still surrounding the crypto industry particularly in the U.S. But U.S. [...]The post SEC Guidance Eases Capital Rules, Pushing Stablecoins Closer to Cash Status appeared first on PYMNTS.com.
#CRYPTO
bitcoinworld118d ago
AUD/USD Plummets from 0.7100 as Critical CPI and Tariff Reset Loom
BitcoinWorldAUD/USD Plummets from 0.7100 as Critical CPI and Tariff Reset LoomThe AUD/USD currency pair experienced a sharp retreat from the psychologically significant 0.7100 level in early Asian trading on March 11, 2025, as global forex markets braced for a high-stakes week dominated by impending US inflation data and swirling rumors of a major tariff policy reset. This downward movement reflects heightened risk aversion and a [...]This post AUD/USD Plummets from 0.7100 as Critical CPI and Tariff Reset Loom first appeared on BitcoinWorld.
#FOREX
bitcoinworld118d ago
NZD/USD Plummets from 0.6000 as Dovish RBNZ Hopes Evaporate Amid Deepening Tariff Turmoil
BitcoinWorldNZD/USD Plummets from 0.6000 as Dovish RBNZ Hopes Evaporate Amid Deepening Tariff TurmoilWELLINGTON, April 2025 – The New Zealand dollar staged a sharp retreat from the psychologically significant 0.6000 level against the US dollar this week, as shifting expectations for the Reserve Bank of New Zealand (RBNZ) collided with escalating global trade tensions. Consequently, the NZD/USD pair erased its recent gains, highlighting the fragile equilibrium in currency [...]This post NZD/USD Plummets from 0.6000 as Dovish RBNZ Hopes Evaporate Amid Deepening Tariff Turmoil first appeared on BitcoinWorld.
#FOREX
devdiscourse118d ago
SC ruling against Trump's tariffs is unlikely to mean end to trade policy chaos
The Supreme Courts stunning rebuke of President Donald Trumps most sweeping tariffs means he cant conjure up new import taxes on a whim anymore But the justices ruling on Friday is nonetheless unlikely to ease the uncertainty over Trumps trade policy that has paralysed businesses over the past year Its only gotten more complicated for everybody said trade lawyer Ryan Majerus partner at King Spalding and a former US trade official Vexing questions remain How will the president use other laws to reconstruct the tariffs the Supreme Court knocked down and will those attempts withstand legal challenges What does the decision mean for the trade deals Trump strong-armed other countries into accepting using his now-defunct tariffs as leverage Can importers collect refunds for the tariffs they paid last year and if so how Then theres Trumps own unpredictability Even though he had weeks to prepare for an unfavourable Supreme Court ruling his response was still chaotic On Friday he said hed use other legal authority to impose 10 levies on imports from other countries Saturday he ratcheted it up to 15 Normally lower tariffs arising from the Supreme Courts decision might be expected to give the economy a little lift But any benefit you would get from that is more than offset to a modest negative from the uncertainty front said Mike Skordeles head of US economics at Truist a bank Gone for good are the sweeping tariffs Trump justified under the 1977 International Emergency Economic Powers Act IEEPA mainly to combat Americas persistent trade deficits But that doesnt mean the president cant invoke other laws to rebuild much of his tariff wall around the US economy Tariff revenues will be unchanged this year and will be unchanged in the future Treasury Secretary Scott Bessent said in a Fox News interview Sunday Trump reached for a stop-gap option immediately after his defeat Friday at the Supreme Court Section 122 of the Trade Act of 1974 allows the president to impose tariffs of up to 15 for up to 150 days But any extension beyond 150 days must be approved by a Congress likely to balk at passing a tax increase as Novembers midterm elections loom Section 122 has never been invoked before and some critics say the president cant use it as a stand-in for the IEEPA tariffs to combat the trade deficit Bryan Riley of National Taxpayers Union for example argues that Section 122 is meant to give the president a tool to fight what it calls fundamental international payments problems not the trade deficit The provision arose from the financial crises that emerged in the 1960s and 1970s when the US dollar was tied to gold Other countries were dumping dollars in exchange for gold at a set rate putting alarming downward pressure on the dollar But the US currency is no longer linked to gold so Section 122 has been effectively rendered obsolete Riley wrote in a commentary Given the amount of money at issue for US businesses it is not hard to imagine a new wave of litigation attacking Section 122 and again seeking refunds of Section 122 duties collected said trade lawyer Dave Townsend a partner at Dorsey Whitney A sturdier alternative is Section 301 of the same 1974 trade act which gives the United States a handy cudgel with which to smack countries it accuses of engaging in unjustifiable unreasonable or discriminatory trade practices In a statement Friday in fact US Trade Representative Jamieson Greer said the administration was launching a series of 301 investigations after the loss at the Supreme Court Trump invoked Section 301 in his first term to impose sweeping tariffs on Chinese imports in a dispute over the sharp-elbowed tactics that Beijing was using to challenge Americas technological dominance Those tariffs were upheld in court and kept by the Biden administration Were eight years in and those China tariffs are still here King Spaldings Majerus said Theyre sticky tariffs The Supreme Courts decision also raises questions about the lopsided trade agreements Trump negotiated last year using the threat of potentially unlimited IEEPA tariffs to squeeze concessions out of US trading partners from the European Union to Japan Will countries try to back out of their commitments now that the IEEPA tariff threat is gone The European Unions trade deal with Trump is already on hold amid confusion following the Supreme Courts ruling - and Trumps decision to respond to it with the 15 Section 122 global tariff European lawmakers on Monday delayed a vote on ratifying the pact to seek clarification They are worried that Trumps new import tax will stack on top of the most favoured nation tariffs the United States charges under pre-existing World Trade Organization rules - and lift US tariffs on EU imports above the 15 the Europeans had agreed to last year A deal is a deal said commission spokesman Olof Gill So now we are simply saying to the US it is up to you to clearly show to us what path you are taking to honour the agreement Then theres the United Kingdom which had reached a deal with Trump last year for 10 tariffs on its exports to the United States Will they really go to 15 Still trade analysts largely expect US trade partners to stick by the deals they reached with Trump last year For one thing the United States could wallop them with hefty Section 301 tariffs which are potentially unlimited for violating trade agreements Theyre going to pretty leery of rocking the boat on their deals Majerus said Violations of trade agreements can be a basis for taking 301 action So you could see Section 301 become an enforcement mechanism for the United States We are confident that all trade agreements negotiated by President Trump will remain in effect US Trade Representative Greer said in his statement In its ruling the Supreme Court didnt bother to say what would happen to all the money collected from the IEEPA tariffs 133 billion as of mid-December It left the messy issue of refunds to importers - but likely not to consumers - to lower courts and the Customs and Border Protection agency which collects import taxes But theyre likely to be overwhelmed - hundreds of companies are already lined up to get their money back - and the refunds could take months or years to be paid The whole things going to be a mess Majerus said Its possible that Congress will order Customs to take an easy one-click approach to refunds wrote strategists Thierry Wizman and Gareth Berry at the investment bank Macquarie Otherwise they warned the Trump administration could make the refund process as burdensome as possible requiring every importer to file stacks of paperwork if not file a lawsuit to get its money back That would be costly for businesses
#ECONOMY
countrynews_au118d ago
Ask A Tech returns for 2026
Ask A Tech returns for 2026 with Nathan and Molly. Each episode explains everyday technology in plain language, then looks at how it can be misused, with practical s...
#TECH
laweekly118d ago
This Hedge-Fund Manager Made a Fortune Ignoring the AI Frenzy
Judah Spinner’s BlackBird Financial returned 62.2% last year by investing in unglamorous stocks the rest of the market overlooks. From his office in New Jersey, Judah Spinner watches the financial world chase artificial intelligence with the fervor of a gold rush. Trillions of dollars have poured into a narrow band of technology stocks, all on [...]The post This Hedge-Fund Manager Made a Fortune Ignoring the AI Frenzy appeared first on LA Weekly.
#ECONOMY
nst118d ago
Ringgit breaks 3.90 vs dollar, hits eight-year high
KUALA LUMPUR: The ringgit strengthened past the 3.9000 mark to open at an eight-year high against the US dollar on Monday.
#ECONOMY
businessinsider_us118d ago
JPMorgan will spend almost $20 billion on technology this year
JPMorgan is boosting its tech budget by$2 billion in 2026, focusing on AI projects.
#TECH