Kevin Warsh, newly appointed Federal Reserve chair, faces a tough start as recent government reports show a strong job market and rising inflation, complicating President Trump's push for interest rate cuts. The May jobs report revealed robust job growth and steady unemployment, while inflation hit a 3-year high at 4.2%, driven mainly by energy prices. These factors suggest the economy may not need rate cuts and could even warrant a rate hike, putting Warsh in a difficult position ahead of his first Fed meeting on June 17. Investors will closely watch his tone and guidance for future rate moves amid this economic and political tension.
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 ...
