Facebook's head of crypto David Marcus received tough questioning on the Hill on Tuesday, primarily from Democratic Senators.
President suggests Facebook would have to seek bank charter to proceed with its cryptocurrency plans.
The market has been running on hopes of a dovish Fed, but when will the market stop celebrating the same news over and over?
Adviser Rob Isbitts says 2019 looks great so far -- until you remember what it followed in the fourth quarter of last year.
Federal Reserve Chairman Jerome Powell says during his every-six-months testimony before the U.S. House of Representatives that uncertainties over global trade 'continue to weigh on the outlook.'
Futures-market investors see it as a near-certainty that the Federal Reserve will cut interest rates later this month, after raising them from 2015 through last year. But a new report from Goldman Sachs warns that shareholders in U.S. banks like JPMorgan may not have fully accounted for the risk of shrinking lending margins.
President Donald Trump has repeatedly criticized his own Federal Reserve chair, Jerome Powell, for keeping U.S. interest rates too high, despite a projected slowing in the economy. Yet a Labor Department report Friday showed that U.S. jobs growth continued at a strong pace in June, prompting some economists to assert that drastic monetary stimulus isn't warranted.