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View More NewsU.S. inflation data came in as expected on Wednesday, reinforcing the view that the Federal Reserve will keep interest rates at 350-375 bps at its June 17 meeting but is likely to increase rates by 25 bps by the end of the year. The Consumer Price Index year over year rose 4.2% in May, according to a report from the Bureau of Labor Statistics. Economists had been expecting a rise of 4.2% following the April 3.8% increase.On a month-over-month basis, CPI rose 0.2%, against expectations of 0.5% and against April’s 0.6% rise. Core CPI, which excludes food and energy costs,…
XRP keeps finding buyers near major support, but it keeps losing support anyway. The latest drop pushed the token back toward the same $1.10 area that several analysts had flagged as a key line in the sand, with selling pressure accelerating once $1.13 gave way.News Background• Several analysts pointed to the $1.09 area as a major Fibonacci support level that XRP had been approaching for months.• XRP remains trapped below its 100-day and 200-day moving averages, underscoring the broader bearish trend despite periodic relief rallies.• Trading activity surged during the selloff before quickly normalizing, suggesting a large repositioning event rather…
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Last July, talk-show host and comic Stephen Colbert used his opening monologue on The Late Show to address the news that CBS was taking him off the air. The veteran showman drank in the adoration of perhaps the lustiest crowd to pack the Ed Sullivan Theatre since the Beatles held the stage in 1964. “Folks, I’m going to go ahead and say it,” he deadpanned. “Cancel culture’s gone too far.” The gag drew the same mix of laughter and applause that always greeted Colbert’s punchlines over a decade headlining television’s biggest late-night franchise. But its implication overshadowed The Late Show’s…
Latest News
Several U.S. states are pushing to ban young people from social media entirely. This marks the latest wave of censorship bills masquerading as “children’s…
BlackRock is closely watching Wednesday’s May U.S. inflation report for the first clear signal of how the U.S.-Iran conflict is feeding into already sticky…
Humanity Protocol said an employee’s laptop compromise allowed attackers to seize bridge controls, upgrade contracts and steal over $36 million in H tokens. In an…
In brief A 47-year old man from the Seattle area helped defraud investors of nearly $100 million, prosecutors said. Victims thought they were investing…
from the good-deals-on-cool-stuff dept The Ultimate Python and Artificial Intelligence Bundle has 9 courses to help you take your Python and AI knowledge to…
The Washington Post just published my article “Build Homes, Don’t Seize them, Mayor Mamdani.” Here is an excerpt: “Block by Block,” Zohran Mamdani’s “sweeping…
Bitcoin continues to flash warning signs, according to Quinn Thompson, CIO at Lekker Capital, as his fund remains firmly bearish on crypto heading into…
The Better Business Bureau’s (BBB) National Advertising Division (NAD) is referring prediction market platform Kalshi to regulatory authorities after the company declined to participate…
In brief Researchers demonstrated an AI-powered worm that can find vulnerabilities, generate attack plans, and spread autonomously across a network. Unlike most earlier versions,…
from the that’s-not-what-ai-is-for dept In the last three months I’ve had people forward me four separate examples of a CEO losing his or her…
An Ohio courtroom may soon have to determine whether a blogger should face jail time for texting an image of Shrek’s penis to a…
Ethena continues to deepen its ties with traditional finance, announcing a deal with asset manager Janus Henderson that includes a strategic investment in the…