• Aug 22, 2024

Pro-Bitcoin Senator Cynthia Lummis Says 'Not A Single Indication' That Kamala Harris Would Be Good For The Crypto Industry

Sen. Cynthia Lummis (R-Wyo.), a known cryptocurrency and Bitcoin (CRYPTO: BTC) advocate, claimed there is nothing to suggest that Democratic presidential candidate Kamala Harris will support the industry, although fresh developments may suggest otherwise. Don't Miss: If you invested $100 in DOGE when Elon Musk first tweeted about it in 2019, here’s how much you’d have today. 1 in 4 Americans own a share of Bitcoin according to NASDAQ, how many people got started through this free crypto faucet?

  • Aug 22, 2024

French destroyer rescues 29 mariners from oil tanker stricken in Red Sea attacks by Yemen rebels

A French destroyer rescued 29 mariners from an oil tanker that came under repeated attack in the Red Sea by Yemen's Houthi rebels, officials said Thursday, while also destroying a bomb-carrying drone boat in the area. The assault on the Sounion, the most serious in the Red Sea in weeks, comes during a monthslong campaign by the Houthis targeting ships over the Israel-Hamas war in the Gaza Strip that has disrupted a trade route through which $1 trillion in cargo typically passes each year. The Sounion is now at anchor in the Red Sea and no longer drifting, the European Union's Operation Aspides said.

  • Aug 22, 2024

Mexico’s Weak Economic Growth and Inflation Slowdown Set Up New Interest Rate Cut

(Bloomberg) -- Mexico’s annual inflation slowed much more than expected while economic growth remained feeble, according to separate reports published Thursday, paving the way for another interest-rate cut next month.Most Read from BloombergChicago's Migrant Surge Is Stirring Trouble for Democrats in DNC Host CityUK Transport Minister Clears Path for More 20mph Speed ZonesWith Self-Driving Vans, Hamburg Tries to Make Microtransit WorkThe Serious Work That Free Play Can DoOfficial data showed con

  • Aug 22, 2024

Fed has 'clear path' to achieving goals without recession, Collins says

Boston Federal Reserve President Susan Collins on Thursday expressed confidence the U.S. central bank will be able to bring inflation down without triggering a recession, and signaled her support for starting interest rate cuts next month. "I think there's a clear path to achieving our goals without an unneeded downturn, and with a labor market that continues to be healthy," Collins said in an interview with Reuters in Jackson Hole, Wyoming, where global central bankers are gathering for the Kansas City Fed's annual economic symposium. "The importance of preserving the healthy labor market as we continue to bring inflation down is one of the reasons why the timing seems appropriate to me to begin easing."