Federal Reserve Chair Kevin Warsh is set to deliver his first keynote speech at the Jackson Hole Economic Policy Symposium amid ongoing inflation concerns and market uncertainty. Warsh has moved away from forward guidance, creating uncertainty about future rate moves, which has unsettled bond markets. Inflation remains above the Fed's 2% target, and while some policymakers favor rate hikes, the Fed recently held rates steady. Investors and economists await Warsh's speech for clearer signals on how the Fed will manage inflation and interest rates going forward, though he is expected to avoid committing to specific future actions.
Lucid is recalling 27,185 Air luxury sedans in the U.S. due to a fire risk caused by an overheating exterior lighting circuit, which may also cause light failure and increase crash risk. The recall is the largest in Lucid's history, involving 70% mor...
Bitcoin rose 1.43% to around $79,904 but faces resistance near $81,337, with momentum indicators like RSI and MACD suggesting the rally may be losing steam. Futures open interest dropped 4.39%, indicating traders are closing positions rather than add...
DeFi Development Corp. purchased about 19,000 SOL tokens at an average price of $98.14, expanding its treasury to approximately 2.33 million SOL and equivalents. The purchase was partly funded by proceeds from its ZeroStack divestment and aims to dep...
Ethereum is trading near $2,501 after a strong rise but shows overbought signs with RSI at 76 and Stochastic above 90, indicating short-term momentum may stall. The MACD histogram at zero suggests balanced buying and selling pressure. Retail traders ...
The SEC has approved Evernorth Holdings' merger registration with Armada Acquisition Corp II, allowing the combined company to list on Nasdaq under the ticker "XRPN." Armada shareholders will vote on the merger on September 30, 2026, which is the fin...
