Neel Kashkari, president of the Federal Reserve Bank of Minneapolis. Who has joined other Federal Reserve officials in supporting interest rate cuts, saying two cuts in 2025 seem right. In a CNBC interview, he pointed to signs of a slowing US economy. Especially after the July jobs report showed a weakening labor market. This has
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. We’re 42 days away from the Fed’s next policy-setting meeting, and markets are growing more certain that committee members will make the first interest rate cut of the year. There’s currently a 91% chance the FOMC will lower rates by 25
Metaplanet stock price has crashed and entered a bear market as demand for Bitcoin treasury companies waned and investors began booking profits. Summary Metaplanet share price has plunged by 55% from the year-to-date high. The stock has dropped as Bitcoin treasury companies dive. Technical analysis points to more downside in the near term. Metaplanet shares
U.S. stocks opened higher and Bitcoin held the $114k level as Wall Street continued to cheer corporate earnings amid ongoing jitters around trade deals. Summary Stocks opened slightly higher amid investor focus on key corporate earnings results. Tariffs remain in focus amid the Aug. 7 deadline. The benchmark S&P 500 opened 0.3% higher and the
Key Takeaways AI startup Rillet raises $70M Series B to transform ERP for SaaS firms, with a16z and ICONIQ backing its automation-first accounting tools. This follows Rillet’s $25 million Series A in May, led by Sequoia Capital. Rillet, an AI startup reimagining ERP (enterprise resource planning) with automation-first accounting tools for SaaS and high-growth companies,
According to The Financial Times, China is eyeing a yuan (aka renminbi) stablecoin for both internal and external use, but as even The Financial Times article makes clear, no one knows how it would work or why the Chinese Communist Party (CCP) is so keen to create one. While the piece does make clear that
Tokenized stocks may be approaching a tipping point as investor demand for blockchain-based financial products surges, potentially accelerating the adoption of traditional assets onchain. Tokenized stocks, which are part of the growing real-world asset (RWA) tokenization sector, reached a $370 million market capitalization by the end of July, according to a Wednesday Binance Research report
By Omkar Godbole (All times ET unless indicated otherwise) As the crypto market reels under U.S. stagflation concerns, traders on the decentralized platform Polymarket are seeing a more than 50% chance of bitcoin BTC$114,321.68 prices dropping into five figures before year-end. Shares in the Yes side of Polymarket’s “Will bitcoin dip below $100K before 2026”