X expands its financial service, X Money, beyond top-tier subscribers, allowing users to manage deposits, payments, and bills within the app, with FDIC-insured deposits at Cross River Bank earning up to 6% APY, positioning it against Venmo, Cash App, and SoFi.
Excavation of a giant stone jar in Laos reveals it was a communal burial site for at least 37 individuals, spanning multiple generations, shedding new light on the mysterious jars' purpose.
U.S. Treasury yields slid on Friday, with the 10-year note dropping over 2 basis points, as oil prices declined following reports of Pakistan exploring U.S.-Iran peace talks. This occurred amidst President Trump's consideration of a "massive attack" on Iran.
India's stand-in bowling coach Sunil Joshi lauded Vaibhav Sooryavanshi for his record-breaking T20I fifty against Zimbabwe, emphasizing focus on his batting while planning gradual bowling development. Joshi also urged patience with emerging all-rounder Suryansh Shedge and praised Ravi Bishnoi's effective run-up adjustment.
Bitcoin dropped below $65,000 as rising oil prices, fueled by Red Sea tanker attacks and US threats against Iran, pushed Treasury yields higher and triggered a broader retreat from risk assets, impacting spot demand and ETF flows.
Brent crude surpassed $100 a barrel after Houthi attacks on Saudi oil tankers, escalating Middle East tensions and prompting a US warning to Iran. This fueled inflation fears, driving Treasury yields higher and causing a market sell-off, while tech stocks experienced volatility due to AI spending plans and regulatory fines.
SEC Commissioner Hester Peirce warned that some crypto vaults and onchain lending strategies could be subject to federal securities laws, depending on their structure and management. Her statement comes as major firms like Coinbase and Bitwise expand into this rapidly growing market, prompting a re-evaluation of regulatory boundaries.
Goldman Sachs CEO David Solomon supports the Clarity Act, a crypto market-structure bill, despite opposition from much of the banking sector, particularly regarding stablecoin yield provisions. The bill aims to legalize most crypto activity in the US and classify many assets as non-securities, potentially drawing more institutional players.
U.S. Treasury yields, including the 10-year note, advanced significantly as Brent crude surpassed $100/barrel due to Middle East tensions, fueling inflation fears. This, coupled with weekly jobless claims falling below 200,000, increased expectations for a Federal Reserve interest rate hike.
U.S. Treasury yields advanced on Thursday, with the 10-year note reaching 4.707%, driven by Brent crude oil climbing above $100 a barrel due to Middle East tensions and weekly jobless claims falling below 200,000, signaling inflation fears and a potentially heating economy.
New data from the Metropolitan Police shows a significant drop in neighbourhood crime and homicides in London, with the Mayor attributing success to record police funding and the Violence Reduction Unit. The report aims to counter online disinformation portraying London as a "lawless" city.
Hanna Notte, director at the James Martin Center, stated in The New York Times that Russia will not abandon its position in the Ukraine conflict, attributing this to failed isolation attempts by the West and significant support from non-Western nations.
Scientists are exploring enhanced rock weathering (ERW), a method of spreading finely crushed volcanic rock on farmland to remove atmospheric carbon dioxide. This technique accelerates a natural geological process, potentially improving soil health and crop productivity while utilizing existing agricultural equipment, but requires careful monitoring and verification.
U.S. Treasury yields increased across the curve due to escalating Middle East tensions, though reports of ceasefire proposals tempered oil prices. Investors are monitoring energy prices, developments in the Iran conflict, and an upcoming U.S. PMI report.
U.S. Treasury yields increased across the curve on Tuesday, driven by escalating Middle East tensions. Reports of ceasefire mediation efforts tempered oil prices, but strategists warn government bonds remain vulnerable to energy price shifts and developments in the Iran conflict.
Britain's new Prime Minister Andy Burnham swiftly removed Keir Starmer's closest allies from his Cabinet, appointing John Healey as Chancellor and Ed Miliband as Foreign Secretary. The reshuffle signals a focus on domestic policy, re-industrialization, and significant reforms, while rewarding those who supported Burnham's rise to power.
US stocks dipped Monday afternoon as an S&P 500 rally failed, with oil prices and rising bond yields acting as headwinds. The market debated the extent of the AI stock correction. Alphabet's shares rose on news of a new, more efficient AI chip, Frozen v2, slated for 2028 deployment. Upcoming earnings reports include 3M, GM, and Capital One.
U.S. Treasury yields edged higher as escalating tensions in the Middle East, marked by continued U.S. strikes on Iran and Iranian retaliation, influenced markets. Investors are also weighing recent cooler U.S. economic data and anticipate the upcoming S&P Global Flash U.S. PMI report.
Grayscale plans to amend its Ethereum and Solana Staking ETF trust agreements to convert staking rewards into cash payouts at least quarterly, starting around August 7. This move aims to provide investors with a clearer, comparable measure of fund performance and aligns with IRS guidelines for grantor trusts.
A new era of content discovery, AI Optimization (AIO), is emerging as AI models like ChatGPT and Perplexity become primary search tools. This shift requires content creators to optimize for AI-generated responses, distinct from traditional SEO, to capture growing organic traffic.
Japanese government bond yields have reached multi-decade highs, with the 10-year benchmark hitting levels not seen since 1996. This development, driven by BOJ policy normalization and spending concerns, has sparked debate among experts regarding their investability, with some advocating for them while others prefer European bonds.
B Treasury Capital AB's BTC PREF preference share, aimed at funding Bitcoin purchases, is set to start trading on the Spotlight Stock Market on July 20, after a rights offer saw only 52% of shares subscribed, raising approximately SEK 12.2 million ($1.26 million). The share's 10% issue yield will face a market price test, with its attractiveness to income investors uncertain due to potential dividend deferrals and sparse trading concerns.
Bitcoin fell below $63,000 on Monday, influenced by rising oil prices and declining equity futures following U.S. strikes on Iran. Factors like thin weekend trading and fund flows also contributed to the drop, with Bitcoin nearing $60,000.
China aims to peak emissions within five years, targeting a 17% reduction in CO2 emissions per GDP unit by 2030 and increasing non-fossil energy share to 25%. The plan emphasizes clean coal substitution, nuclear power, and green energy sources to meet soaring electricity demand from its AI sector and ensure energy security.
