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Two officials of the Federal Reserve indicated that it is necessary to reform the discount window tool.
Boorman, a director of the Federal Reserve, and Logan, the president of the Dallas Federal Reserve, suggested that the Federal Reserve should assess to what extent its emergency lending tools can meet the liquidity needs of the banking system, implying the need to reform the discount window.
Latest data! The two largest "creditors" of China and Japan are massively selling off US debt, while the United Kingdom is increasing its shareholding by $13.1 billion.
China's debt holdings in May approached the lowest point since 2009.
Wall Street Today | Market Faces Second-Day Pullback
The overall market pulled back for the second day in a row Thursday after a semiconductor sell-off Wednesday.
S&P 500, Nasdaq and Dow Jones Industrial Average All Sink Thursday
The market eased Thursday, adding to a semiconductor sell-off on Wednesday.
OpenAI Reportedly Rolls Out Smaller, Cheaper Iteration of Flagship AI Model
ChatGPT-maker OpenAI unveiled on Thursday GPT-4o mini, a smaller, cheaper version of its most capable AI model, GPT-4o, according to media reports.The new model will be available Thursday for free
Fed Rate Cuts Aren't Imminent as Labor Market Data Comes With Caveats - Vanguard
EZ_money : pfft no DJT media? fired!!!
ZnWC : Visual from Moomoo
Revan2000 : Bet his BTC is left on an exchange and not in a wallet