Author: News Room

EUR/USD fell a scant tenth of a percent on Wednesday. Market flows are crumpling with little of note on the data docket. The usual flow of trade war rhetoric headlines has abated, PMI figures loom ahead. EUR/USD stumbled on Wednesday, giving up around one-tenth of one percent as markets grind through a lull between the week’s key data prints. US President Donald Trump has briefly halted his steady stream of trade war rhetoric and threats to impose import taxes on his own citizens across the board, leaving markets with little else to focus on. Thursday will open up with a…

BlackRock CEO Larry Fink believes that Bitcoin (BTC) could soar to $700,000 if global economic and political instability prompts widespread adoption of the flagship crypto. Fink made the prediction while speaking on a panel at the World Economic Forum on Jan. 22. He outlined a scenario in which Bitcoin becomes a refuge for wealth preservation amid turmoil. He also said that he is a “big believer” in Bitcoin because it is an “internationally based instrument” that can protect people from currency debasement and economic instability. According to Fink: “If people across countries experiencing political and economic turmoil turn to Bitcoin…

Ticketmaster and Live Nation want a judge to boot 27 states from the DOJ’s antitrust lawsuit.The event goliath argued Wednesday that the states can’t prove a direct injury to their residents.Opening their venues to multiple ticketers and promoters could raise ticket prices, they argued.Lawyers for Ticketmaster’s parent company asked a judge on Wednesday to stop 27 states from participating as plaintiffs in an antitrust lawsuit filed by the Justice Department last May.The 27 states can’t prove direct injury to their residents as a result of Live Nation’s actions, lawyers for the entertainment giant argued in federal court. More competition could…

Theo Vonn fell out of a broken folding chair at the Trump inauguration and blamed Logan Paul.Logan denied tampering with the chair, and eventually, the beef was squashed.I wish I never knew any of this.Inauguration Day for Donald Trump was a time of heightened emotions for a nation healing from a contentious election. For one man, this was tumultuous not just in the soul, but literally: Podcaster Theo Vonn fell out of his folding chair in the audience at the inaugural ceremony.Here’s what happened:Vonn’s folding chair seemingly collapsed, and Logan Paul, who was sitting right behind him, posted a video…

By Bo Erickson (Reuters) – Senate Finance Committee Chairman Mike Crapo on Wednesday said he is hoping a full Senate confirmation vote for U.S. President Donald Trump’s pick as Treasury secretary, Scott Bessent, could occur next week. Bessent cleared Crapo’s committee by a 16-11 vote on Tuesday, including backing from two Democrats. But Crapo told Reuters Democrats were employing “a lot of delay tactics.” Democrats – in the minority party – are able to slow-walk some confirmation votes through procedural maneuvers, and Senate Majority Leader John Thune said this could end up with Senate confirmation votes occurring over the weekend.…

(Reuters) -The White House said President Donald Trump’s order this week pausing the disbursement of funds appropriated under his predecessor’s signature climate and infrastructure laws mainly applies to programs that discourage fossil fuel development or boost electric vehicles. As part of a flurry of executive orders hours after taking office on Monday, Trump ordered government agencies to pause funds flowing from the Inflation Reduction Act and the Infrastructure Investment and Jobs Act. The White House Office of Management and Budget clarified in a memo, dated on Tuesday, that Trump’s order only applies to funds that contravene a list of stated…

(Reuters) -U.S. crude oil stockpiles were expected to have fallen last week while gasoline and distillate inventories likely rose, an extended Reuters poll showed on Wednesday. Nine analysts polled by Reuters estimated that on average crude inventories fell by about 1.6 million barrels in the week to Jan. 17. Crude inventories fell by 2 million barrels to 412.7 million barrels in the week ended Jan. 10, the EIA said, compared with analysts’ expectations in a Reuters poll for a draw of 992,000 barrels.   REUTERS FORECAST ACTUAL FOR PREVIOUS WEEK YR-AGO CHANGE   CHANGE FOR WEEK WEEK (EIA) CHANGE WEEK…

GBP/USD gave back a fifth of a percent on Wednesday. It’s a slim schedule on the data docket for Thursday. Investors are awaiting Friday’s PMI double-header from both the UK and the US. GBP/USD softened on Wednesday, easing back around one-fifth of one percent as markets await a decisive trigger to tilt risk appetite one way or another. Markets are hunkering down during a slow midweek gap between key data releases, and Purchasing Managers Index (PMI) figures are the light at the end of this week’s tunnel. With Thursday slated to be a low-tier release day, Cable traders will be…

Key Takeaways CME plans to launch XRP and Solana futures on February 10, pending regulatory approval. The futures will include standard and micro-sized contracts for flexible trading options. A leaked page from the Chicago Mercantile Exchange (CME) staging website suggests that futures trading for XRP and Solana (SOL) could launch on the exchange on February 10, subject to regulatory approval. The unconfirmed news triggered an immediate 3% surge in both XRP and SOL, per CoinGecko. The subdomain, first discovered by X handle “Summers” and confirmed by Bloomberg ETF analysts James Seyffart and Eric Balchunas, revealed plans for “regulated, capital-efficient futures”…

When you buy through our links, Business Insider may earn an affiliate commission. Learn more Maroon 5’s Las Vegas residency is on a break, but the band’s performances continue on an international scale. Tickets are going fast as concert dates fill up. In addition to securing passes for their festival appearances this year, we’ve broken down how to buy Maroon 5 tickets for their concert tour below.Originally formed in 1994, Maroon 5 is celebrating 30 years together as they kicked off their Las Vegas residency in the summer at the Dolby Live at Park MGM. The new tour, referred to…