Biden Irked By MAGA Republicans, Big Tech Rally Faces Risk, Fed Official Flags Potential June Pause And More: 5 Key Stories You May Have Missed From The Weekend
Portfolio Pulse from Shanthi Rexaline
Over the weekend, President Biden discussed the debt ceiling impasse, warning that a bipartisan deal is unlikely to be made solely on GOP terms. Hedge fund manager Hugh Hendry warned of increased risk in the banking sector due to the Fed's monetary policy. Minneapolis Fed President Neel Kashkari hinted at a slower pace for rate hikes. Invesco's Anna Paglia warned that the big tech rally could lose steam, and presidential candidate Robert Kennedy Jr. announced he will accept Bitcoin donations.
May 22, 2023 | 1:10 pm
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Presidential candidate Robert Kennedy Jr. announced he will accept Bitcoin donations for his campaign, potentially increasing the cryptocurrency's visibility and adoption.
Robert Kennedy Jr.'s announcement to accept Bitcoin donations for his presidential campaign could increase the visibility and adoption of the cryptocurrency. As more people become aware of Bitcoin and its potential uses, demand for the digital asset may increase, leading to a potential short-term price increase.
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