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Cathie Wood Questions Big Movement In Old Bitcoin: 'Part Of A Government Settlement Deal?'
Monday, July 7, 2025 - 1:29am | 859Renowned investor Cathie Wood speculated about the U.S. government’s role in the record movement of inactive Bitcoin (CRYPTO: BTC) on Saturday. What Happened: Wood, the CEO of ARK Invest, was responding to an X post by Ark analyst David Puell, who highlighted the highest...
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Jeremy Siegel Backs Ted Cruz's Plan To End Fed Interest Payments On 'Excess Reserves,' Potentially Saving $2 Trillion In Deficits: 'Not A Trivial Concern'
Tuesday, June 10, 2025 - 6:52am | 563After Sen. Ted Cruz (R-Texas) pushed for abolishing the interest paid by banks on their deposits with the Federal Reserve, senior economist Jeremy Siegel supported his arguments, whereas the JPMorgan Chase & Co. strategists opposed the idea, warning of serious implications. What Happened: Cruz...
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US-China Tariff Truce Will Alleviate 'Worst Fears,' But Prevent Falling Yields, Keeping 'Economy Under Pressure,' Says Craig Shapiro
Monday, May 12, 2025 - 8:40am | 800Economist Craig Shapiro shared his insights on the unfolding U.S.-China trade dynamics, warning that while a tariff truce may calm immediate market fears, it could have unintended consequences for the broader economy. What Happened: Shapiro, a macro strategist at Bear Traps Report, suggested that...
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Wall Street Veteran Sounds Alarm On 'Never Before' Seen Market Trio: Falling Stocks, Surging Long Yields, Sinking Short Rates
Tuesday, April 22, 2025 - 8:43am | 801This ace institutional investor — a former head of research at Nomura and Bridgewater Associates and served as a managing director at Goldman Sachs — says he has “never before observed” the trio of falling equities, rising long-term Treasury yields, and declining short-term yields. What...
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Dollar Slips To A Three-Year Low Below 98-Mark: 'Higher Rates Are Not Supporting The Dollar,' Says Expert
Monday, April 21, 2025 - 8:17am | 916The U.S. Dollar Index Spot slipped below 98 points for the first time in over three years on Monday, while the 10-year Treasury yields were steady around 4.35%. Experts describe this divergence as the measure of stress in markets." What Happened: The U.S. Dollar Index slipped 1.20% to 98.211 during...
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Scott Bessent Says China Won't 'Weaponize' US Treasuries, Citing Risk To RMB And Exports: 'We Do Buybacks'
Wednesday, April 16, 2025 - 7:08am | 876Treasury Secretary Scott Bessent has said that China couldn’t sell U.S. Treasuries to destabilize the financial markets, as it would affect their economy by weakening their currency. What Happened: Bessent, while speaking to Yahoo Finance, reiterated that there was no purpose for China to...
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Gary Black Expects Consumers And Businesses To Cut Spending Ahead Of Earnings Season, Warns Of A 'Lasting Damage To The Economy'
Friday, April 11, 2025 - 7:09am | 657Investor Gary Black, the managing partner at the Future Fund LLC, has cautioned about impending “lasting damage to the economy” as consumers and businesses are expected to curtail spending ahead of the upcoming earnings season. What Happened: Black’s comments, made in response to...
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Shapiro's Treasury 'Market Dysfunction' Warning Hits Home: 'Buying More Gold' As Fed Put May Be On The Table
Wednesday, April 9, 2025 - 8:30am | 1081Days after warning of a potential “market dysfunction” in the U.S. Treasury market, economist Craig Shapiro has signaled a significant shift, suggesting the “Fed put” might be nearing activation. What Happened: In a recent X post, Shapiro pointed to the rapid escalation of...
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Cathie Wood Says DOGE-Lead Elon Musk's Plan Of Putting The Treasury On Blockchain A 'Win, Win, Win' — 'Transparency, Efficiency, Security'
Monday, February 10, 2025 - 9:37pm | 590Cathie Wood, the founder of asset management firm Ark Invest, rallied around Elon Musk's idea of putting all U.S. government spending on blockchains for better transparency on Sunday. What happened: Wood wrote, "Transparency, Efficiency, Security: Win, Win, Win," while reacting to the radical plan...
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Elon Musk-Led DOGE's Marko Elez, Who Had Treasury Payment Access, Resigns Over Racist Social Media Posts
Thursday, February 6, 2025 - 8:33pm | 600The Department of Government Efficiency staff member, Marko Elez, resigned following revelations of his involvement with a racist social media account. This news comes in the wake of a legal dispute involving Elez’s access to sensitive Treasury Department data. What Happened: Elez, a former...
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Musk's DOGE Eyes Treasury Payment System, Sparks Controversy Leading To Official's Exit
Saturday, February 1, 2025 - 10:30am | 465Representatives of Elon Musk‘s Department of Government Efficiency have reportedly requested access to the payment systems of the U.S. Department of the Treasury, sparking concerns among officials. What Happened: The Washington Post reported on Friday that Musk’s team is seeking access...
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Trump's Treasury Nominee Scott Bessent Sees 'No Reason' For US Central Bank Digital Currency: It's For Countries With 'No Other Investment Alternatives'
Thursday, January 16, 2025 - 11:49pm | 507In what could be interpreted as another optimistic signal for cryptocurrencies, Scott Bessent, President-elect Donald Trump’s nominee for Treasury Secretary, argued against the concept of a central bank digital currency in the U.S. on Thursday. What Happened: Bessent was taking...
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5% Yields Fuel Demand For Long-Dated Treasury ETFs Despite Bond Market Pain: Is A Relief Rally On The Horizon?
Tuesday, January 14, 2025 - 5:35pm | 702The allure of 5% yields is driving investor inflows into long-dated Treasury ETFs, even as persistent bond market losses and rising macro uncertainties complicate the interest-rate outlook. Last week, iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) saw a staggering $1.5 billion in inflows, as etfdb...
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Investors Dump Long-Dated Treasury ETF At Record Pace Ahead Of Trump's White House Return
Thursday, January 2, 2025 - 5:38pm | 776Investors dumped a popular long-dated Treasury ETF at a record pace in December, fleeing the bond market as surging yields and fiscal uncertainty cast a shadow ahead of President-elect Donald Trump's return to the White House. The iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT), the largest...
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Economist Peter Schiff Criticizes Trump's Treasury Pick, Scott Bessent, Says He Will Have To Find Buyers For Trillions In New Debt Each Year: 'His Job Is To Continue The Ponzi'
Monday, November 25, 2024 - 3:31am | 947Economist Peter Schiff has criticized President-elect Donald Trump‘s decision to pick hedge fund executive Scott Bessent as the new U.S. Treasury Secretary. What Happened: According to his post on X (formerly Twitter), Schiff took a jibe at Trump and quipped that Bessent should be called the...