The upcoming May Consumer Price Index (CPI) report is highly anticipated following a strong May jobs report that increased expectations for Federal Reserve interest rate hikes, causing a sharp market sell-off. Analysts predict headline CPI to rise 0.5% month-over-month and 4.2% year-over-year, with core CPI expected at 0.3% month-over-month and 2.9% year-over-year. Market instruments like swaps and betting markets indicate potential upside risks to inflation, reinforcing expectations for higher rates, with a 65% chance of a rate hike by December 2026. The May CPI data, combined with the Fed's policy statement and economic projections, could be a pivotal moment for monetary policy decisions and market direction.
Tesla has reduced its robotaxi fleet to about 20 vehicles despite expanding the Austin service area, raising safety concerns from former engineers. Meanwhile, SpaceX updated its IPO filing, indicating a lock-in period for Musk's shares and potential ...
Recent financial reports show strong earnings beats driven by surging demand for artificial intelligence (AI) technologies, with companies like ServiceTitan, Palo Alto Networks, and CrowdStrike exceeding revenue and earnings estimates. Policymakers i...
David Schwartz, Ripple's former CTO, clarified that predicting when Ripple's XRP escrow reserves will run out is difficult due to uncertain variables like future XRP use and re-escrowing. While some expect depletion around 2035, Schwartz emphasized t...
A major Ethereum whale purchased $55.8 million worth of ETH at an average price of $1,563 per coin, signaling confidence despite Ethereum trading near multi-month lows. This follows a previous sale of ETH at higher prices, indicating a strategic buy-...
The XRP Ledger has surpassed 200,000 daily active users for the first time since March 2026, reaching about 215,399 active addresses on June 5. This surge indicates growing engagement from traders, developers, and users of XRP payment solutions, desp...
