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Senator Gillibrand Confirms Progress on Crypto Market Regulation

Senator Gillibrand Confirms Progress on Crypto Market Regulation

Senator Kirsten Gillibrand has stated that there are no significant obstacles hindering the progress of crypto market regulation in the U.S. This announcement comes as the Senate Banking Committee, led by Republican Senator Cynthia Lummis, prepares to share a draft of a crypto market structure bill. The draft is expected to be reviewed by industry stakeholders and lawmakers from both parties before proceeding to markup. The regulatory framework aims to address the growing influence of cryptocurrencies and ensure a balanced approach to innovation and consumer protection.
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Democratic Senator Warren criticizes Trump's Fed picks as lacking independence

Democratic Senator Warren criticizes Trump's Fed picks as lacking independence

WASHINGTON, Dec 11 (Reuters) - Democratic Senator Elizabeth Warren labeled President Donald Trump's top contenders to lead the Federal Reserve "sock puppets" on Thursday, singling out Kevin Hassett as someone who would not be able to maintain the U.S. central bank's independence.
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Senator Gillibrand Affirms Progress on U.S. Crypto Market Regulation

Senator Gillibrand Affirms Progress on U.S. Crypto Market Regulation

Senator Kirsten Gillibrand has stated that there are no significant obstacles hindering the progress of crypto market regulation in the U.S. This announcement comes as the Senate Banking Committee, led by Republican Senator Cynthia Lummis, prepares to release a draft of a crypto market structure bill. The draft is expected to be shared with the crypto industry and lawmakers for review and markup. The move is part of ongoing efforts to establish a regulatory framework for cryptocurrencies, which have seen increased volatility and scrutiny from regulators.
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Oracle AI reality check knocks stocks, Fed cut saps dollar

Oracle AI reality check knocks stocks, Fed cut saps dollar

By Marc Jones LONDON, Dec 11 (Reuters) - World stocks stalled on Thursday as cloud computing giant Oracle sounded a warning for AI profitability, while bonds were firm and the dollar nursed losses after the U.S. Federal Reserve cut interest rates for a third meeting running.
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BlackRock's Chiguchi Warns of Potential Rate Risk for Japanese Markets Amid Inflation Concerns

BlackRock's Chiguchi Warns of Potential Rate Risk for Japanese Markets Amid Inflation Concerns

Japanese markets may face significant challenges if the Bank of Japan (BOJ) finds itself 'behind the curve' in addressing inflation, according to Yuichi Chiguchi, BlackRock Japan's chief investment strategist. The BOJ is anticipated to raise its key policy rate by a quarter percentage point to 0.75% next week, which remains below the current inflation rate of approximately 3%. Chiguchi suggests that if inflation continues to rise into the latter half of 2026, the BOJ might be compelled to implement a more aggressive rate hike strategy. This scenario could lead to increased volatility in Japanese financial markets as the central bank attempts to catch up with inflationary pressures.
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Wall Street sets record highs even as Oracle tumbles on AI worries

Wall Street sets record highs even as Oracle tumbles on AI worries

Wall Street rose to more records even as a sell-off for Oracle and worries about a potential bubble in artificial-intelligence technology weighed on the market
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KeyCorp Reduces Prime Lending Rate to 6.75%, Impacting Borrowing Costs

KeyCorp Reduces Prime Lending Rate to 6.75%, Impacting Borrowing Costs

KeyCorp Reduces Prime Lending Rate to 6.75%, Impacting Borrowing Costs
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Stocks rise, yields and dollar fall after Fed cuts interest rates 

Stocks rise, yields and dollar fall after Fed cuts interest rates 

By Caroline Valetkevitch NEW YORK, Dec 10 (Reuters) - Major stock indexes jumped while U.S.
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FX edges up as markets await Fed rate decision

FX edges up as markets await Fed rate decision

BUDAPEST, Dec 10 (Reuters) - Central European currencies were a touch stronger on Wednesday as markets eyed the U.S. Federal Reserve's interest rate decision later in the day and awaited remarks from Fed Chair Jerome Powell for policy clues.
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A sell-off for Oracle weighs on Wall Street even as the Dow jumps 465 points

A sell-off for Oracle weighs on Wall Street even as the Dow jumps 465 points

A sell-off for Oracle is weighing on Wall Street as investors question whether its big spending on artificial-intelligence technology will pay off
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Factbox-Fed faces turbulent 2026 as Powell's term ends, independence tested

Factbox-Fed faces turbulent 2026 as Powell's term ends, independence tested

By Howard Schneider WASHINGTON, Dec 9 (Reuters) - The final U.S.
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Morning Bid: Wobbling bonds find a level as Fed meets

Morning Bid: Wobbling bonds find a level as Fed meets

By Mike Dolan Dec 9 - What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets Fed week got off to a rocky start in global markets, courtesy of bond market hits across the world, but government debt yields stabilized on Tuesday as the Federal Reserve started