Finance News – Page 54

Why Wall Street’s old ‘wall of worry’ and new ‘debasement’ trade are boosting gold, bitcoin in typically volatile October

Gold and bitcoin hit record highs as investors hedge against inflation, surging U.S. debt, and a weakening dollar in the new “debasement trade.”

The selloff underscored renewed investor anxiety over escalating U.S.-China tensions.

These are the stocks posting the largest moves midday.

The Labor Department will bring back staff to work on a key inflation report.

Morgan Stanley’s move marks the latest expansion of access to crypto at the world’s largest wealth management firm.

See which stocks are posting big moves before the bell.

Waller continues to support lowering rates but said the central bank needs to be careful amid conflicting economic signals.

There are now an estimated 241,700 individuals with crypto holdings worth $1 million or more, up 40% from last year, according to new data.

Treasury plans to hold another round of interviews with all five candidates in the coming weeks and months.

The move comes a day after China ramped up restrictions on rare earths exports amid ongoing tensions with the U.S.