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.
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 ...
