Crypto relationship scams pose ‘catastrophic harm,’ SEC official says. Here’s how to avoid them

Key Points

Crypto relationship scams have become a common type of investment fraud tied to cryptocurrency like bitcoin and ethereum.
Criminals use social media, networking and other sites like Instagram, WhatsApp and LinkedIn to build trust and entice people to buy fake crypto investments, federal officials said.

Source

Finance

Stocks making the biggest moves after hours: Meta Platforms, Microsoft, Tesla and more

January 29, 2025

Check out the companies making headlines in after-hours trading: International Business Machines — The tech company’s shares surged 9%, driven by strong fourth-quarter results. IBM reported adjusted earnings of $3.92 per share on revenue of $17.55 billion. Analysts polled by LSEG sought earnings of $3.75 per share and $17.54 billion in revenue. CEO Arvind Krishna […]

Finance

DoubleLine’s Gundlach says his base case is one rate cut this year, two reductions maximum

January 29, 2025

Key Points DoubleLine Capital CEO Jeffrey Gundlach said Wednesday he expects only one rate cut for 2025 — two reductions at most — as the Federal Reserve patiently awaits incoming data to assess the state of the labor market and inflation. The central bank kept interest rates unchanged Wednesday after three consecutive cuts to end 2024. Source

Finance

Here’s what changed in the new Fed statement

January 29, 2025

This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting in December. Text removed from the December statement is in red with a horizontal line through the middle. Text appearing for the first time in the new statement is in red and underlined. Black text appears in both […]