Finance News
Philly Fed President Patrick Harker was a model central banker. He never made waves, was thoughtful and always professional. He’s retiring at month-end and is out with some comments: It’s still possible the Fed can cut later this year Uncertainties make it very hard to divine monetary policy…
Read MoreThe week began with OPEC adding barrels once again and there was also a mid-week report that Saudi Arabia wanted to keep adding 411K bpd in August and potentially September. Despite all that, oil is having a great week, up 6.5%. Perhaps some of that was relief that…
Read MoreCrypto prediction market Polymarket and Elon Musk-led artificial intelligence (AI) firm xAI — which owns X, the social media platform formerly known as Twitter — announced a partnership on Friday. Proud to announce Polymarket’s partnership with X and xAI as their Official Prediction Market Partner,” Shayne Coplan, the…
Read MorePolkadot DOT bullish momentum has potentially returned, after the token retook an important support level at $3.96, according to CoinDesk Research’s technical analysis model. DOT experienced a 7% correction from $4.038 to a low of $3.753 before establishing “strong support” and rebounding strongly, according to the model. The…
Read MoreWASHINGTON, D.C. — U.S. President Donald Trump’s crypto ventures were once again under the microscope during a House Financial Services Committee hearing that otherwise saw legal experts express worries about how regulators might police digital assets under a market structure bill. The committee held a “minority day” hearing…
Read MoreBitcoin miner HIVE Digital Technologies (HIVE) has surpassed 10 exahash per second (EH/s) in hashrate capacity, a 58% increase from April, driven by the launch of a 100-megawatt hydro-powered site in Paraguay. The company said in a press release on Friday that it’s on track to reach 25…
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Read MoreI’m open to two vastly diverging views here: 1) Debt and deficits don’t matter because of AI The view is that AI will make people so productive and efficient that government debt won’t be a problem. It’s a positive take on progress in a world that’s now seen…
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