Bitcoin Returns to $59K as Bulls Fail to Flip Key Resistance; AI Cryptos Lead Losses
AI-focused tokens such as FET, Render's RNDR and Bittensor's TAO slipped 7%-10% following Nvidia's post-earnings slump.
Trump's New Crypto Business to Offer Access to 'High-Yield' Investments, Website Says
World Liberty Financial is "the only crypto DeFi platform supported by Donald J. Trump," according to homepage metadata.
Houthi video shows the Yemeni rebels planted bombs on tanker now threatening Red Sea oil spill
Yemen's Houthi rebels released footage on Thursday showing their fighters boarded and placed explosives on a Greek-flagged tanker, setting off blasts that put the Red Sea at risk of a major oil spill. The vessel was abandoned earlier, after the Houthis repeatedly attacked it. In the video, the Iran-backed Houthis chant their motto as the bombs detonated aboard the oil tanker Sounion: “God is the greatest; death to America; death to Israel; curse the Jews; victory to Islam.”
Dollar Eyes 2024’s Biggest Monthly Loss as Fed Signals Cut
(Bloomberg) -- The proximity of the Federal Reserve’s shift to interest-rate cuts is battering the US dollar this month, sending the world’s reserve currency slumping and igniting rallies in major peers around the globe.Most Read from BloombergTurkey Plans Istanbul Taxi Surge to Tackle ComplaintsDense Cities With Low Emissions Suffer Most From Air Pollution, Study FindsIntergenerational Housing Could Help Older Adults Combat LonelinessAs Rural Hospitals Shutter Maternity Wards, Urban Ones Follow
Treasury Yields Rise After Resilient Data Suggests Measured Fed
(Bloomberg) -- US Treasury yields climbed after resilient economic reports prompted traders to slightly trim their expectations for the scope of Federal Reserve easing this year.Most Read from BloombergTurkey Plans Istanbul Taxi Surge to Tackle ComplaintsDense Cities With Low Emissions Suffer Most From Air Pollution, Study FindsIntergenerational Housing Could Help Older Adults Combat LonelinessAs Rural Hospitals Shutter Maternity Wards, Urban Ones FollowA Loud Warning From the Past About Living
Beating the Bots: In Defense of Human Traders
As bots come to dominate trading on DEXs, a new price prediction platform allows human traders to demonstrate what they are good at, says Maksim Balashevich, the founder of Sa...
US economy displays resilience with low layoffs, solid second-quarter growth
The number of Americans filing new applications for jobless benefits slipped last week, but re-employment opportunities for laid-off workers are becoming more scarce, a sign that the unemployment rate probably remained elevated in August. Though the labor market is slowing, it is doing so in an orderly fashion that is keeping the economic expansion on track. The economy grew faster than initially thought in the second quarter, powered by consumer spending, other data showed on Thursday.
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