{
}
Trump has nominated Howard Lutnick, 63, as Commerce Secretary, following his previous consideration for Treasury Secretary. Lutnick, known for rebuilding Cantor Fitzgerald after the 9/11 attacks, is expected to navigate a portfolio that includes job promotion, economic growth, and key trade agencies. Senator Cynthia Lummis praised his resilience and success, predicting a smooth confirmation process.
Republican Senator Cynthia Lummis of Wyoming plans to introduce a bill to sell some of the Federal Reserve's gold to fund the acquisition of 1 million Bitcoin, aiming to create a strategic stockpile for the president-elect. This initiative would cost approximately $90 billion at current market prices, potentially increasing as investors anticipate the government's purchases.
U.S. Senator Cynthia Lummis has proposed a Strategic Bitcoin Reserve, aiming for the Treasury to acquire 1 million Bitcoin to combat inflation and enhance U.S. financial leadership. This initiative has garnered bipartisan support, with institutional investors cautiously exploring Bitcoin's potential to improve risk-adjusted returns amid rising inflation risks, particularly affecting fixed income assets.
Cynthia Lummis
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
trump nominates howard lutnick for commerce secretary amid cabinet reshuffle
18:05 19.11.2024
senator lummis proposes selling fed gold to fund bitcoin acquisition
18:07 14.11.2024
pensions and bitcoin a strategic approach to combat inflation risks
United States Dollar
Houston Firefighters Relief and Retirement Fund FUND
State Of Michigan Retirement Systems
State of Wisconsin Investment Board GOVERNMENT
USA
Andrew Hohns
Cynthia Lummis
Ro Khanna
Show more
17:28 16.10.2024
Trending
Subcategory
Corporate News
Industry Trends
Stock Market Updates
Retail and Consumer Goods
Global Financial Events
Finance Mergers & Acquisitions
Global Trade Developments
Central Bank Actions
Industry Mergers & Acquisitions
Banking Regulations
CEO Changes
Startups & Entrepreneurship
Market Analysis and Predictions
Supply Chain Management
Financial Scams and Security
Workplace Trends
Government Economic Policies
Energy Sector Developments
AI Innovations
Cryptocurrency Trends
Countries:
Companies:
The Goldman Sachs Group, Inc.
Bank of America Corporation
Apple Inc.
Barclays PLC
Wells Fargo & Company
Tesla, Inc.
Alphabet Inc.
Citigroup Inc.
Lloyds Banking Group plc
Deutsche Bank RV Global PP
PepsiCo, Inc.
Commerzbank AG
Google Inc.
NatWest Group plc
BNP Paribas SA
Morgan Stanley
UBS Group AG
NVIDIA Corporation
Amazon.com, Inc.
JPMorgan Chase & Co.
Currencies:
United States Dollar
Euro
British Pound Sterling
Chinese Yuan
Swiss Franc
Indian Rupee
Japanese Yen
Indonesian Rupiah
Canadian Dollar
Russian Ruble
South Korean Won
United Arab Emirates Dirham
Offshore Chinese Yuan
Ghanaian Cedi
Hungarian Forint
Albanian Lek
Brazilian Real
Singapore Dollar
Qatari Riyal
Jordanian Dinar
People: