Bitcoin can create some sticky tax situations — here’s what experts say investors should do
In the ever-developing cryptocurrency world, everything from “bitcoin mining” to “airdrops” could add to the tax bill. “What surprised me was the number of people that I’ve spoken with that didn’t necessarily believe that many of these trades were subject...
Here’s why bank stocks are getting hit even after their earnings beat the Street
Big bank earnings may have looked nice as it pertained to the headline numbers, but when investors looked deeper they didn’t like what they saw. As a result, the stocks saw sizable declines in early trading Friday, despite earnings beats...
Fed’s Bullard says recent inflation data ‘unsurprising’
Inflation data earlier this week that showed price pressures increasing were unsurprising, St. Louis Federal Reserve President James Bullard said on Friday as he downplayed the significance for monetary policy. “Year-over-year core CPI is now above 2 percent but it...
FX: BNY Mellon diving into prime brokerage as other banks retreat
In January, BNY Mellon confirmed that it was to introduce a prime brokerage service for its institutional clients. The technology is now in production and the bank is working with a number of pilot clients to ensure the service is...
Cramer on JP Morgan’s great earnings: ‘We never thought these numbers could happen’
J.P. Morgan Chase’s “remarkable” earnings beat shows the U.S. economy is “on fire,” CNBC’s Jim Cramer said Friday. “It was a fantastic quarter” for J.P. Morgan, Cramer said on “Squawk on the Street.” “We never thought these numbers could happen.”...
Fed’s Rosengren is optimistic on the economy but wary of trade risks
The Federal Reserve will probably need to raise interest rates at least three more times this year in the face of a robust U.S. economy, even while possible trade disruptions pose risks, a top Fed policymaker said on Friday. Boston...
Consumer sentiment slips more than expected in April after hitting 14-year high
Consumer sentiment slipped in April, after recording its highest level since 2004 in March, amid concerns about President Donald Trump’s trade policies on the U.S. economy. The University of Michigan’s mid-month report on consumer attitudes about the economy inched down...
Yen Selling Intensified, Dollar Supported by Hawkish Fed Rosengren
Yen continues to be the weakest one today as selloff intensifies in European session. Relieves from immediate risks are still as the major reason driving the Japanese currency down. Australian Dollar continues to be the strongest one with AUD/USD and...
Hardly anyone is paying taxes on their bitcoin gains as filing deadline nears
With just a few days to the U.S. tax filing deadline, still only a tiny fraction of Americans have reported their cryptocurrency holdings, according to Credit Karma. Of the most recent 250,000 filers on the Credit Karma Tax platform, fewer...
Your first trade for Friday, April 13
The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of United Continental. Steve Grasso was a buyer of Avis Budget Group. Dan Nathan was a buyer of Microsoft. Guy Adami was a...
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