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Fed Governor Bowman stated it's too early to assess the full inflation impact of Middle East conflicts. Monetary policy should look past temporary energy price shocks while maintaining credibility on inflation goals. She supports keeping options open for future rate cuts.
Read MoreOn May 29th, Elon Musk publicly denied media reports claiming SpaceX had significantly lowered its IPO valuation target to at least $1.8 trillion. The tech mogul's rebuttal adds further intrigue to the highly anticipated public listing of the pioneering space exploration firm.
Read MoreFederal Reserve Governor Michelle Bowman stated it's premature to assess the inflation impact of Middle East conflicts, advocating for policymakers to look through temporary price shocks. She emphasized maintaining credibility on the inflation target while supporting the current policy stance.
Read MoreBitcoin prices have retraced after recent gains, falling below the $73,000 level. Current data shows a price around $72,990 with a 0.24% dip over 24 hours. Analysts note increased volatility and advise investors to practice risk management while monitoring market developments.
Read MoreIn a landmark event, the complete text of the U.S. Constitution has been permanently inscribed onto the Bitcoin blockchain. This pioneering act demonstrates blockchain's potential as a tool for immutable historical preservation and has sparked discussions at the intersection of technology, law, and digital legacy.
Read MoreA major Danish pension fund, AkademikerPension, has excluded SpaceX from investment due to serious governance concerns and an 'exorbitant' valuation. The fund cites poor governance practices and an unjustifiable $1.8 trillion pre-IPO valuation as key reasons, aligning with its long-term ESG strategy.
Read MoreCanada's economy unexpectedly shrank in Q1 2023, marking two consecutive quarters of decline and signaling its first technical recession since the 2020 pandemic. Weak business and government spending were key drags, contradicting market and central bank forecasts.
Read MoreJapan spent approximately ¥11.7 trillion on forex intervention from April to May, a record amount. Analysts warn that the timing, during holidays amid unfavorable fundamentals, may weaken the signal and undermine its effectiveness.
Read MoreFive Chinese regulatory bodies have jointly released new rules governing multi-channel online content distribution services. The regulations mandate service provider registration, platform accountability, and enhanced industry self-discipline to foster a healthier digital ecosystem. These rules will take effect in September 2026.
Read MoreIran's Parliament Speaker Mohammad Bagher Ghalibaf outlined a firm negotiation philosophy, stating that Iran measures credibility solely through actions, not words or guarantees. He emphasized that real concessions come from strength, not dialogue, and asserted that the true winner of any deal is the side better prepared for conflict after its signing.
Read MoreICE, parent of NYSE, urges regulators to permit licensed exchanges to offer 24/7 on-chain perpetual contracts. This aims to create fair competition between traditional finance and crypto-native markets, bridging a key regulatory divide and exploring integration pathways.
Read MoreTexas has launched a Bitcoin Strategic Reserve Advisory Council to develop long-term digital asset strategies. The state is also seeking professional custodial services for potential future Bitcoin acquisitions, marking a significant move in U.S. state-level cryptocurrency management.
Read MoreEthereum has fallen below the key $2,000 level, currently trading at $1,999.66. Despite a modest 0.66% 24-hour gain, market volatility remains high. Investors are advised to exercise caution and implement robust risk management strategies.
Read MoreSpaceX faces credibility concerns ahead of its IPO. CEO Elon Musk's social media posts about a deal with AI firm Anthropic contradict details in the official filing, raising questions about contract terms and revenue. This discrepancy has prompted calls for regulatory clarification.
Read MoreWells Fargo has issued a highly optimistic research note, significantly raising Dell's price target from $270 to $505. This major adjustment reflects strong confidence in the company's future growth, particularly in servers, AI infrastructure, and PC segments.
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