Here are the five news items investors should watch: Fed expected to raise rates: The Federal Open Market Committee is widely expected to lift its benchmark rate to 3.75%-4.00% from 3.50%-3.75% at its September meeting. A strong August jobs report and hotter-than-expected core CPI have supported expectations for a hike,…
Ethereum, Base abandon common wallet standard talks after months of discussions
Ethereum and Coinbase-backed Base abandoned an effort to build a common standard for the next generation of crypto wallets, with developers on both sides deciding the compromise cost each network too much. The goal was to make crypto wallets behave more like modern apps. Users could log in with passkeys,…
SK Hynix settles labor union dispute with new bonus agreement (SKHY:NASDAQ)
Poravute/iStock Editorial via Getty Images SK Hynix (SKHY) reached a revised bonus and wage agreement with its labor union, resolving a dispute that would have disrupted production. The world’s second-largest memory chipmaker agreed to pay 50% of profit-sharing bonuses in cash and the other 50% in company Source link
Your Resume Needs to Communicate One Thing #shorts
Most think it has to get you hired. WRONG! ABOUT JEFF ALTMAN, THE BIG GAME HUNTER People hire Jeff Altman, The Big Game Hunter to provide No BS job search coaching and career advice globally because he makes job search and succeeding in your career easier. Trapped You will find…
The Fed rate decision is shaping up to be a nightmare for Warsh. Bitcoin might still shine
According to Brooks, the primary narrative is not today’s anticipated rate hike, but rather the additional policy tightening expected later this year. Warsh may therefore struggle to deliver a message that aligns with the aggressive pricing currently seen in the markets. “Tomorrow’s Fed meeting is a nightmare for Warsh. There’s…
SoftBank credit default swaps near three-year high amid OpenAI funding push (SFTBY:OTCMKTS)
Carl Court/Getty Images News SoftBank Group (SFTBY) (SFTBF) credit default swaps hovered near a three-year high as investors assessed the potential impact of the company’s funding plans for OpenAI (OPENAI). Five-year CDS were indicated at around 383.2 basis points, close to their highest level since Source link
Zcash holders overwhelmingly back faster transactions and bitcoin-style halvings
The latest system was introduced this summer to replace the previous token-holder voting process and give shielded balances much stronger privacy guarantees. Holders also voted 96.6% to wait until February 2031 before beginning to reissue ZEC collected through the Network Sustainability Mechanism, or NSM. How this helps Zcash The planned…
Meta’s Mark Zuckerberg joins Nvidia’s Huang in pushing back against AI slowdown (META:NASDAQ)
COM & O Meta Platforms (META) CEO Mark Zuckerberg has pushed back against calls for a coordinated slowdown in AI development, saying AI labs should decide individually how to manage the risks from increasingly capable systems. Zuckerberg said AI labs have both the Source link
$570 million in bullish crypto plays liquidated; BTC, ETH hit hardest
Crypto traders holding long, or bullish, futures bets have taken a sharp hit over the past 24 hours after the Clarity Act failed a Senate procedural vote. Exchanges liquidated about $571 million in long positions in that window, the highest tally since Aug. 22, according to CoinGlass. Shorts, or bearish…
Why I’d take the boring FTSE 100 over the S&P 500 every day of the week
Image source: Getty Images Ask most investors which index has performed strongly over the past year, and they’d say the S&P 500. This is true, but there’s more to the story. I’ve been thinking about my portfolio quite a lot lately and where I think the best value and growth…