UBS Urges Caution Despite Positive US Economic Data
UBS reported on Friday that U.S. stocks extended their rally as new economic data, including a 1% rise in July retail sales, eased concerns about a potential recession. Despite the…
Fedwatch Tool and Polymarket Indicate Strong Odds for September Rate Cut
Right now, the market is leaning towards the U.S. Federal Reserve lowering the benchmark interest rate at the Sept. 18, 2024, Federal Open Market Committee (FOMC) meeting. The CME Fedwatch…
Bitcoin Miners Shifting to Artificial Intelligence and High-Performance Computing, According to VanEck Analysts
New research from VanEck reveals that Bitcoin (BTC) miners are shifting to artificial intelligence (AI) and high-performance computing. In a thread on the social media platform X, Matthew Sigel, the…
‘Bombshell’ BRICS Payments Platform To Ditch US Dollar Gaining Support From Central Banks, Finance Ministries: Report
Central banks and finance ministries of all BRICS nations are discussing the launch of a new payments platform that would circumvent the US dollar, according to a new report. According…
Robbery Victim Forced To Transfer $2,000,000 in Crypto to Four Attackers in Break-and-Enter: Report
Law enforcement agencies in Bangkok are reportedly looking for four Chinese nationals who broke into a luxury house in the Pathum Thani province and forced their victim to transfer millions…
Goldman Sachs Raises US Recession Odds As Total Bankruptcy Filings Surge by Almost 25%: Report
Economists at Goldman Sachs are increasing the odds that the US economy will enter a period of an economic downturn by the end of the year. Analysts at the banking…
US Credit Card Debt Soars To $1,140,000,000,000 As Bank of America CEO Issues Warning on ‘Depleting’ American Consumer
Americans are holding more household debt than ever before as one of the biggest banks in the country warns of a weakening US consumer. According to a report from the…
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