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President Trump has pledged to declassify and release a significant volume of previously unseen government documents related to UFOs and unexplained aerial phenomena. Citing strong public interest, he indicated that intriguing files have been identified, with the first batch of disclosures coming soon.
Read MoreTrump recently questioned Fed Chair Powell's decision to remain, suggesting limited career options elsewhere. This sparks debate over Fed independence and future monetary policy amid political tensions.
Read MoreOpenAI is planning a major expansion of lower-cost ChatGPT services, adopting an ad-supported model to offset potential declines in premium subscriptions. This strategic move signals a shift towards democratizing AI access and could reshape industry dynamics.
Read MoreFed Chair Jerome Powell announced he will stay on as a governor beyond his term, breaking with tradition. He linked this to ongoing legal actions from the previous administration, calling them an "unprecedented assault" threatening the Fed's independence. He pledged to serve quietly without interfering with his successor's leadership.
Read MoreUS media reports indicate the USS Ford carrier strike group is set to depart the Middle East soon, returning to the United States. The carrier completed a record-long deployment involving multiple operations and required repairs after an onboard fire. Other US carrier groups remain active in the region.
Read MoreAnthropic is reportedly planning a new funding round that could push its valuation beyond $900 billion, potentially surpassing OpenAI as the world's most valuable AI startup. Discussions are in early stages, and no offers have been accepted. The company previously turned down an offer valuing it above $800 billion.
Read MoreAnalysts note the Fed's decision to hold rates was expected, but the number of dissenting votes was surprising. The upgraded inflation language and clear internal divisions highlight the challenges for incoming Chair Kevin Warsh to deliver rate cuts. Swift action seems unlikely barring a major labor market downturn.
Read MoreLatest data from CME's "FedWatch" tool shows a strong market consensus on the Fed's future rate decisions. The probability of a hold at the June meeting is as high as 98.6%. Expectations for July and September also heavily favor maintaining current rates, indicating a prolonged high-rate environment.
Read MoreThe Federal Reserve held interest rates steady for the third time this year, signaling heightened concern over “still elevated” inflation. Chair Powell stated current policy is appropriate, noted growing support for a neutral stance, and confirmed he will remain as a Fed governor after his chair term ends. Middle East developments add uncertainty.
Read MoreCoinbase will cease DAI trading on May 4, 2026. All remaining DAI holdings will be automatically converted to USDS at a 1:1 ratio. Users must transfer assets to self-custody wallets before May 4 to opt out. Deposit and withdrawal services will be paused from May 4-6.
Read MoreLeading crypto exchange Coinbase has launched trading for Gensyn (AI), available on both web and mobile platforms. This move integrates decentralized AI computing networks into mainstream crypto markets, offering investors access to cutting-edge technological convergence.
Read MoreRecent Fed minutes reveal subtle internal divisions. While most supported holding rates steady, some officials interpreted neutral policy language as leaning dovish, particularly regarding employment goals. This suggests growing complexity in assessing risks, raising uncertainty about the future policy path.
Read MoreBitcoin has surged beyond the $76,000 mark, currently trading at $76,001.81. While the 24-hour loss has narrowed to 0.41%, market volatility remains significant. Investors are advised to monitor price movements closely and implement robust risk management strategies to navigate the turbulent conditions.
Read MoreThe Federal Reserve offered no clear signals on future interest rate adjustments, while highlighting that Middle East tensions create significant economic uncertainty. This complicates monetary policy forecasts and underscores geopolitics as a key decision-making factor.
Read MorePresident Putin declared Russia's readiness to implement a ceasefire during the Victory Day commemorations, following a discussion with the US President. The proposal received American support, marking a potential step towards de-escalation in ongoing regional tensions through diplomatic channels.
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