According to Bitcoin Magazine, South Dakota's Bitcoin Reserve Act will be heard today by the State Commerce and Energy Commission.
President-elect Donald Trump announced via social media that North Dakota Governor Doug Burgum will serve as Secretary of the Interior and Chairperson of the newly created National Energy Commission. Trump said that the National Energy Commission is a newly created department that will be involved in the licensing, production, generation, distribution, regulation, and transportation of all forms of energy in the United States. The commission will do so by reducing red tape, strengthening private...
Gregory Daco, chief economist at Ernest & Young, said the Fed was cutting rates "reactive" rather than forward-looking, noting that "Powell acknowledged that if the Fed had seen the July jobs data first,...
"Powell appears to be more dovish than his peers," said Gregory Daco and Lydia Boussour, Ernest & Young-Patnon economists. "Nonetheless, barring a substantial deterioration in the labour market in the coming weeks, we still expect most policymakers to favour a 25 basis point cut in September."