In April, inflation as measured by the personal consumption expenditures price index rose 0.4%, with an annual rate of 3.8%, slightly below expectations for monthly growth but matching yearly forecasts. Core inflation excluding food and energy also showed a modest increase, suggesting inflation pressures may be easing. Meanwhile, first-quarter GDP growth was revised down to 1.6%, below the initial 2% estimate, due to weaker consumer spending and investment. Despite this, consumer spending in April rose 0.5%, aligning with forecasts, though income remained flat. These trends likely mean the Federal Reserve will hold off on raising interest rates until inflation pressures subside further.
Bitcoin miners are experiencing declining revenue as the network's hash rate and mining difficulty fall, reflecting a shift of miners into AI infrastructure. Despite this stress, miners are accumulating Bitcoin, with reserves increasing by 1%, signal...
Lululemon invested in Syntetica's $30 million Series A funding to support its innovative recycling of Nylon 6 and Nylon 6,6, materials difficult to separate and reuse in textile waste. This move aligns with growing industry demand for sustainable, co...
Ethereum futures long positions among top traders increased by over 3 percentage points across both USDT- and coin-margined markets, indicating a broad-based shift in short-term sentiment. This rise suggests heightened attention on ETH compared to ot...
NVIDIA announced that leading Japanese companies in robotics and manufacturing are adopting its Cosmos, Isaac, Metropolis, and Jetson platforms to accelerate AI-powered intelligent machines across industries. The new Cosmos 3 Edge model enables real-...
Oil prices are rising sharply due to renewed US naval blockades on Iranian shipping and increased tensions in the Strait of Hormuz, a critical oil transit route. Brent crude is holding above $85 and WTI above $80, with forecasts suggesting WTI could ...
