Financial Markets

Fed Holds Rates Steady at 3.5%-3.75% in Unanimous Decision Under New Chair Warsh

The Federal Reserve unanimously held rates at 3.5%-3.75% in new Chairman Kevin Warsh’s first decision. The policy statement and updated projections took a hawkish turn, signaling fewer rate cuts this year.

Fed Chair Warsh Presides Over First Rate Decision as Markets Eye Policy Direction

The Federal Reserve convened its fourth FOMC meeting under new Chair Kevin Warsh. Markets widely expect rates to hold steady but investors are focused on the new chair policy signals. The Nasdaq 100 is positioned for a rebound.

Dow Jones Surpasses 52,000 for First Time, Sets All-Time High

The Dow Jones Industrial Average broke through the 52,000 mark for the first time on Monday, reaching a record closing high. Falling oil prices and expectations of Federal Reserve rate cuts were the primary drivers, while tech stock sell-offs weighed on the S&P 500.

[Brief] Spot Bitcoin ETFs Snap Five-Day Outflow Streak With 85.8 Million Friday Inflow

Core Summary Spot bitcoin ETFs have ended a five-day outflow streak with $85.8 million in Friday inflows, according to The Block. Meanwhile, ether funds continue to face outflow pressure. This reversal suggests institutional confidence in bitcoin is recovering. Editor: GoodInfo Global News Team

[Flash] Senate Banking Committee Sets Date for Sweeping Crypto Legislation Vote

[Flash] Senate Banking Committee Sets Date for Sweeping Crypto Legislation Vote The US Senate Banking Committee has announced it will hold a markup hearing vote on comprehensive crypto market structure legislation. This marks the committee’s second attempt to advance the bill, signaling a critical phase in the development of US crypto regulatory framework. Markets expect the legislation to have significant implications for the cryptocurrency industry once passed. Source: CoinDesk, The Block ...

Wall Street Falls From Records as Oil Surges on Hormuz Escalation

Escalating military conflict in the Strait of Hormuz sent Wall Street tumbling from its record highs on May 4, with crude oil prices surging and global shippers continuing to avoid the strait, raising fears of a broader economic crisis.

Asian Stocks Rise, Oil Steady on New Gulf Proposals

Reuters reports that major Asian stock markets rose broadly on May 4, with investors optimistic about new diplomatic proposals for the Gulf region. International oil prices remained steady as markets assess the impact of the Strait of Hormuz escort plan.

Nikkei 225 Closes Above 60,000 for the First Time, Setting Historic Record

Japan’s Nikkei 225 index closed above 60,000 points for the first time on Monday, marking a historic milestone for Japanese capital markets.