Federal Reserve likely to defy Trump, keep rates unchanged this week
WASHINGTON (AP) — The Federal Reserve will likely keep its key short-term interest rate unchanged on Wednesday, despite weeks of harsh criticism and demands from President Donald Trump that the Fed reduce borrowing costs.
After causing a sharp drop in financial markets two weeks ago by saying he could fire Fed Chair Jerome Powell,
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RIP FTX: What It Means for Crypto
The crypto world was rocked when FTX, a popular cryptocurrency exchange, filed for bankruptcy.
FTX is a cryptocurrency exchange in the Bahamas founded and owned by Sam Bankman-Fried in May 2019. The exchange provides users with a wide variety of services, including margin trading, spot margin trading, futures contracts and leveraged tokens.
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1 Brazilian Stock To Buy and Hold for 10 Years
MercadoLibre (MELI), the Brazilian e-commerce behemoth that’s not just commanding the online marketplace but is also bulldozing its way into fintech and beyond is often dubbed the “Amazon of Latin America,” but this comparison, while flattering, might be a disservice. It may also unfair to label it just a Brazilian company because it features in Argentina and Mexico too.
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