16:34 2025-06-06
JPMorgan Chase: June FOMC meeting was a "non-event"Mike Feroli, chief economist at JPMorgan Chase, said: For the Fed, the May jobs report was almost "tailor-made", reinforcing their current tendency to stay put and wait patiently for developments in employment and inflation to determine the future direction of policy. This made the June FOMC meeting a "non-event".
16:31 2025-06-06
U.S.-UAE multi-billion dollar artificial intelligence data park deal far from finalisedA multibillion-dollar deal to build one of the world's largest data center hubs in the UAE is far from a deal due to ongoing concerns over security, people familiar with the matter said. During Trump's two-day visit to Abu Dhabi last month, the United States and the wealthy Gulf state unveiled a massive artificial intelligence campus project that will contain a series of powerful data centers. The plan covers an area of 26 square kilometers...
16:28 2025-06-06
Federal Reserve Hack: The Federal Reserve could still cut interest rates later this yearMr. Harker said deficits had to be brought under control at a time of growing challenges to the US financial system and was "very concerned" about the current state of government finances. "We are becoming more and more blind on key data," he added. "We are concerned that the quality of economic data is declining. Uncertainty makes forecasting the outlook for monetary policy very difficult. But amid that uncertainty, a rate cut later this year is still possible."
16:28 2025-06-06
Bank of America: Global stock markets are close to triggering a sell signalMichael Hartnett, strategist at Bank of America, has warned that technical "sell" signals are about to be triggered after global equities hit record highs this week. Markets are running too hot after surging 20 per cent in just two months, he said. He cited data on flows and market breadth as evidence that investors are piling into risky assets and taking too many positions. Traders often cite this as a bearish signal because of reason...
15:57 2025-06-06
Bitcoin miner MARA joins MIT Media LabMARA, a bitcoin mining company, has announced that it has joined the MIT Media Lab. The two parties will explore how digital energy technologies can support the energy system. MARA will monetize excess energy and balance the grid with flexible electricity demand, and explore new ways to use digital energy technologies such as bitcoin mining to advance the energy system.
15:39 2025-06-06
Russian official: If Musk wants asylum, we can offer itAfter a public spat between Musk and Trump, a senior Russian lawmaker joked earlier today that Russia might grant Musk political asylum. "If he does [need asylum], of course Russia can," said Dmitry Novikov, the first vice-chairperson of the Russian State Duma for international affairs. Kremlin spokesperson Dmitry Peskov had earlier said on the phone with reporters that the dispute was an internal matter of the United States and that the Kremlin believed the Kremlin...
15:21 2025-06-06
Bitcoin ETF in the US today saw a net outflow of 2,368 BTC, while Ethereum ETF saw a net inflow of 6,589 ETH.According to Lookonchain monitoring, today 10 US ETFs Bitcoin ETF net outflow 2368 BTC, of which ARK 21Shares outflow 998 BTC, ARK 21Shares currently hold 45616 BTC, worth 4.78 billion dollars; 9 Ethereum ETF net inflow 6589 ETH, of which BlackRock inflows 13480 ETH, BlackRock currently holds 1,506,775 ETH, worth 3.80 billion dollars.