Bank of America believes clear regulations could pave the way for banks to adopt crypto for payments, but verified, non-anonymous transactions are essential. Bank of America’s Vision for Crypto Integration Bank of America CEO Brian Moynihan recently shared his insights into the future of crypto in banking during an interview with CNBC at the World […]
The national debt, like that of the U.S., reflects the money a government borrows to cover spending that exceeds its revenue. While borrowing can help drive growth and fund important programs, excessive debt can have ripple effects across various sectors. Here’s a simplified breakdown of how high national debt impacts different areas and what traders […]
Wall Street commodity trading is poised to face its weakest performance since the pandemic, as the lucrative volatility that drove massive gains in recent years subsides. The combined net revenues of over 250 firms, including Goldman Sachs, Citigroup, and JPMorgan Chase, are projected to fall nearly 20% in 2024, reaching $10.6 billion, according to Coalition […]
Metals are set to experience a turbulent year in 2025, according to Bank of America’s latest forecast. The bank, one of the largest financial institutions in the U.S., warns of significant price declines for industrial metals like aluminium and copper, driven by fluctuating global demand and changing trade policies. Aluminium prices are expected to drop […]
The US dollar closed the week with a modest bearish tone, driven by ongoing investor anticipation of a possible interest rate reduction by the Fed in June. Additionally, unexpected weaknesses in essential economic indicators added pressure on the currency, providing a bit of relief in the riskier markets. Propelled by data-induced selling pressure, the USD […]
INTRODUCTIONIt’s one of those questions some people wonder… but everyone’s too afraid to ask. (Like your neighbor’s name after saying good morning for the past six months.) Especially given the Federal Reserve’s seeming omnipresence, importance, and prestige in the American economy. To call it into question the Fed’s relevancy in the financial media is equivalent […]
A TRUTH ABOUT TRADING A couple of things in life that I really don’t look forward to are: 1. when they draw blood for my semi-annual health checkup and2. when I have to go to the doctor. Yet, when I think about it, not going could be a lot worse than going. I don’t know […]
Last week, behemoth financial institution Bank of America (BofA) published a report highlighting a steep decline in the number of active cryptocurrency users on its platform. The top bank explained in the report that: “Anonymized Bank of America internal customer data shows a sharp, greater than 50%, decline in the number of active crypto users […]
The CEO of Bank of America (BofA) recently noted that his institution has numerous blockchain patents, running into the hundreds, but cannot put any of them to good measure as regulations restrict it from engaging in crypto. The BofA CEO Brian Moynihan made the revelation in an interview with Yahoo Finance Live at the recently […]
