Category: economy
Cleveland-Cliffs outlines multiyear OEM contracts and $425M asset sales while advancing rare earths initiative
Cleveland-Cliffs outlines multiyear OEM contracts and $425M asset sales while advancing rare earths initiative
“Crypto Market Growing Too Fast for Regulators”
The post “Crypto Market Growing Too Fast for Regulators” appeared com. Regulations A new warning from the Financial Stability Board (FSB) has reignited concerns that the world’s fragmented approach to cryptocurrency regulation could soon backfire. The G20-backed watchdog said in a Thursday report that most countries have failed to build cohesive frameworks capable of addressing the global nature of the digital asset industry, even as market capitalization has nearly doubled over the past year. The FSB, formed after the 2008 financial crisis to monitor systemic threats, admitted that while progress has been made since its 2023 guidance, crypto oversight remains a “patchwork” of partial laws and uncoordinated enforcement. Secretary General John Schindler told reporters that crypto assets “don’t respect borders,” warning that the ease with which digital tokens move across jurisdictions could undermine financial stability if left unchecked. Stablecoins Under Scrutiny Among the report’s main concerns were stablecoins, which have surged almost 75% over the past year to roughly $290 billion in circulation. The FSB noted that only a handful of countries including the United States, following the passage of the GENIUS Act have implemented clear rules for dollar-pegged tokens. The rest are lagging far behind, raising fears that regulatory blind spots could be exploited as adoption widens. The watchdog reviewed 29 major jurisdictions including the EU, UK, Hong Kong, and the U. S., concluding that coordination remains too limited to manage potential spillovers. Schindler said the issue isn’t simply about drafting laws but ensuring governments cooperate, warning that “without shared enforcement, national frameworks become meaningless.” Mounting Risks After Market Turbulence The FSB’s call comes just a week after the crypto market suffered its largest crash on record, wiping nearly $20 billion in value within hours. While the Board still considers risks to global stability “contained,” it acknowledged that rising institutional exposure and political support particularly under President Donald.
Bitcoin – Why a ‘potential move towards $150K’ is still possible
The post Bitcoin Why a ‘potential move towards $150K’ is still possible appeared com. Key Takeaways How is Bitcoin’s price doing on the charts? At the time of writing, the cryptocurrency was valued at just over $111k, after falling by over 9% in less than a week. What does 21Shares’ Matt Mena think about Bitcoin? Matt Mena believes that structural demand, driven by ETF inflows and a more dovish policy outlook, will provide a floor to Bitcoin’s price. Bitcoin [BTC], after soaring to a historic peak of $126,000, is now facing a pretty challenging stretch. At the time of writing, it was trading at $111, 148. 07, down 0. 9% over the last 24 hours and 9. 43% over the past week. Matt Mena’s optimistic outlook for Bitcoin Despite this dip and the wavering investor confidence, Matt Mena, Crypto Research Strategist at 21Shares, is a believer in Bitcoin’s enduring resilience. Recently, he highlighted the same in the face of broader market dynamics as the year draws to a close. Mena said, “Overall, Bitcoin’s resilience amid macro crosscurrents and aggressive deleveraging underscores how structural demand anchored by ETF inflows and a more dovish policy outlook continues to provide a floor.” He added, “With leverage flushed, policy easing approaching, and structural demand accelerating, the setup into year-end appears increasingly constructive for digital assets setting the stage for a potential move toward $150K Bitcoin as macro tailwinds and institutional flows continue to align.” What motivated these remarks? His comments came on the back of markets recovering after Fed Chair Jerome Powell signaled potential rate cuts and a pause in balance sheet runoffs, with Futures pricing in roughly two cuts by year-end at 95% certainty, according to CME FedWatch. The comments stabilized risk assets, with the S&P 500 rising near $6,650 and Bitcoin holding above $110,000. The rebound followed a $19 billion crypto de-leveraging event last week. It triggered.
The U.S. Chamber of Commerce sued the Trump administration over hefty new fees in the H-1B visa program
The post The U. S. Chamber of Commerce sued the Trump administration over hefty new fees in the H-1B visa program appeared com. The U. S. Chamber of Commerce has filed a lawsuit against President Trump’s administration to stop the new $100,000 H-1B visa fee, arguing that it violates U. S. immigration law and would devastate businesses that depend on skilled foreign workers. The case is the first legal challenge the Chamber has brought against Trump this term, according to court filings lodged on Thursday in the U. S. District Court for the District of Columbia. The Chamber the fee as “not only misguided policy” but “plainly unlawful,” and asked the court to strike down the rule as an abuse of executive power. Before this change, H-1B visa costs were usually below $5,000, excluding attorney fees. But under Trump’s new rule, companies would have to pay $100,000 per visa, a twentyfold increase. For industries like technology, manufacturing, education, health care, and finance, the Chamber warned, this could shut off access to specialized workers altogether. Chamber warns the new fee will hurt U. S. businesses “The new $100,000 visa fee will make it cost-prohibitive for U. S. employers, especially start-ups and small and midsize businesses, to utilize the H-1B program, which was created by Congress expressly to ensure that American businesses of all sizes can access the global talent they need to grow their operations here in the U. S.,” Neil Bradley, executive vice president at the U. S. Chamber, said in a statement. The Chamber’s decision to sue is striking because it has mostly stayed silent on other controversial Trump policies, like the nasty tariffs that have caused turmoil for small manufacturers. This time, however, the group said the new H-1B structure would hurt American competitiveness and block innovation. The White House announced the rule in mid-September, triggering confusion across companies that sponsor H-1B workers and among the visa holders themselves. Many feared losing their legal status, until the administration.
Glacier Bancorp GAAP EPS of $0.57 misses by $0.04, revenue of $260.73M misses by $0.28M
Glacier Bancorp GAAP EPS of $0.57 misses by $0.04, revenue of $260.73M misses by $0.28M
KeyCorp outlines path to 15%+ ROTCE by 2027 with accelerated share repurchases and NIM growth
KeyCorp outlines path to 15%+ ROTCE by 2027 with accelerated share repurchases and NIM growth
Greene rebukes Trump administration’s multi-billion dollar bailout for Argentina
Rep. Marjorie Taylor Greene (R-Ga.) sharply criticized the Trump administration on Thursday for seeking to provide as much as $40 billion in financing for Argentina to help the Latin American ally stabilize its turbulent financial markets. Greene — a staunch Trump ally who’s bucked her party on numerous issues in recent weeks — argued Argentina…
SUI Bounces at $2.55, But Heavy Sell Wall Looms
The post SUI Bounces at $2. 55, But Heavy Sell Wall Looms appeared com. Key Insights: SUI price holds support near $2. 55 but struggles to break resistance due to low buying volume. Higher lows on the weekly chart suggest structure remains valid despite strong overhead resistance. On-chain growth continues with rising TVL and new partnerships, but price awaits volume confirmation. SUI Bounces at $2. 55, But Heavy Sell Wall Looms Sui (SUI) was trading near $2. 68 after a weekly decline of over 20%. While the price remains above key support, weak momentum and strong resistance are limiting further upside. Traders are watching to see if the current range will hold or break in the coming sessions. Short-Term Support Holds Near $2. 55 The 4-hour chart shows SUI reacting around $2. 55-$2. 58, where it found support earlier in October. Each bounce from this level has struggled to gain follow-through. Price has failed to test nearby resistance zones between $2. 90 and $3. 40. Volume is low, suggesting limited buyer interest. The Relative Strength Index (RSI) sits near 40, pointing to a weak recovery after a dip into oversold territory. The lack of momentum is keeping the market in a tight range. Weekly Chart Shows Structure Holding On the higher time frame, SUI continues to form higher lows. It is still trading above the support zone near $2. 63, which was the base for the previous breakout in late 2024. This area has held through multiple pullbacks. Michaël van de Poppe commented that the pattern is still intact. He noted,“The structure hasn’t changed on UI,” referencing the ongoing higher lows as a sign that the trend is not broken. Resistance around $4. 20 has been tested several times, and the repeated attempts suggest that sellers may be weakening. He.
Kraken Acquires CFTC-Licensed Small Exchange for $100 Million
The post Kraken Acquires CFTC-Licensed Small Exchange for $100 Million appeared com. Kraken has acquired Small Exchange, a Commodity Futures Trading Commission (CFTC)-regulated Designated Contract Market, for $100 million, marking a major step in its plan to expand crypto derivatives offerings in the U. S. Small Exchange Deal Expands Kraken U. S. Derivatives Reach Kraken has taken another decisive step in its U. S. expansion by acquiring Small Exchange, a [.] Source:.
The New York Times
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CSX outlines Q2 2026 double stack launch and targets volume growth as network projects finish
CSX outlines Q2 2026 double stack launch and targets volume growth as network projects finish