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Industry News

Logan Favors Short-Term Assets When Fed Purchases Resume

(Bloomberg) -- Federal Reserve Bank of Dallas President Lorie Logan said it would be appropriate, in the medium term, for the US central bank to purchase more shorter-term securities than longer-term ones so that its portfolio can more quickly mirror the composition of Treasury issuance. Most Read from BloombergTrump Targets $128 Billion California High-Speed Rail ProjectTrump Asserts Power Over NYC, Proclaims ‘Long Live the King’NYC’s Congestion Pricing Pulls In $48.6 Million in First MonthNYC

Better Cryptocurrency to Buy and Hold for 10 Years: Bitcoin vs. Cardano

Will the biggest and best-known crypto assets of today, like Bitcoin (CRYPTO: BTC), continue to hold up against newer players like Cardano (CRYPTO: ADA), or will they go the way of the dodo? You're probably already familiar with the investment thesis for Bitcoin: It's a asset with a firm supply cap that's hard for any given set of actors to control or disrupt. There can only ever be 21 million Bitcoins in circulation (about 19.8 million now circulate), which means that it should, in theory, maintain its purchasing power against fiat currencies.

Taiwan chip maker Vanguard says Trump's threatened tariffs could fuel inflation

Taiwanese chip maker Vanguard International Semiconductor warned on Tuesday that U.S. tariffs on imported chips could spur inflation and impact global economic growth, but said it expects the direct impact on the company would be small. U.S. President Donald Trump said last week that he intends to impose auto tariffs in the neighbourhood of 25% and similar duties on semiconductors and pharmaceutical imports, the latest in a series of threats that could upend international trade. Vanguard Chairman Leuh Fang told analysts on a post-earnings call that the company was adopting a "wait and see" stance as it was unclear how serious and far the Trump administration would go.