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  • Sep 08, 2024

Risk-On Momentum in Stocks Succumbs to Mounting Growth Worries

(Bloomberg) -- The seemingly unstoppable stock market rally is wobbling as it confronts a horde of challenges to the momentum that’s taken it from record high to record high.Most Read from BloombergWorld's Second Tallest Tower Spurs Debate About Who Needs ItThe Plan for the World’s Most Ambitious Skyscraper RenovationUC Berkeley Gives Transfer Students a Purpose-Built Home on CampusHow Americans Voted Their Way Into a Housing CrisisRome May Start Charging Entry to the Trevi FountainA rout early

  • Sep 07, 2024

VW boss says European market shrinking amid tougher competition

Volkswagen's CEO, who is pushing for unprecedented cutbacks in the German carmaker's home market, said change was needed because the European market is shrinking while competition is increasing. Speaking in an interview in Sunday paper Bild am Sonntag, Volkswagen CEO Oliver Blume said "the pie has become smaller, and we have more guests at the table". Volkswagen said on Monday it was considering taking the unprecedented step of closing factories in Germany and ending job guarantees at six of its plants in a drive to deepen a 10 billion euro ($11 billion) cost-cutting plan.

  • Sep 07, 2024

BOE Peers Over Gilt-Market Chasm Pivotal for Reeves’s UK Budget

(Bloomberg) -- The Bank of England is about to grapple with one of the thorniest decisions since it began unwinding crisis-era stimulus in 2022 as it confronts a year of unusually high bond redemptions.Most Read from BloombergWorld's Second Tallest Tower Spurs Debate About Who Needs ItThe Plan for the World’s Most Ambitious Skyscraper RenovationUC Berkeley Gives Transfer Students a Purpose-Built Home on CampusRome May Start Charging Entry to the Trevi FountainMadrid to Ban E-Scooter Rentals, Fol

  • Sep 07, 2024

Meme Coin Takeover Teams Face Legal Entanglement, Experts Say

Much of 2024’s meme coin bull run has been pushed by community takeovers. Projects worth hundreds of millions of dollars—such as Billy and Gigachad—ended up controlled by early investors who took the reins after the original developer decided to jump ship, ultimately pushing them to new heights. Despite not creating the token in the first place, legal experts warn that members of community takeovers (CTOs) could face an array of serious legal issues. “One of the biggest dangers [for community ta...

  • Sep 07, 2024

This Week in Crypto Games: 'X Empire' Airdrop Details, 'Catizen' Token Date, and Sui Handheld Specs

The crypto and NFT gaming space is busier than ever lately, what with prominent games starting to release, token airdrops piling up, and a seemingly constant array of other things happening at all times. It’s a lot to take in! Luckily, Decrypt’s GG is all over it. And if you need a quick way to get caught up on the latest moves around crypto video games, we’re happy to present This Week in Crypto Games. Our weekend roundup serves up the biggest news from the past week, along with a few other tid...

  • Sep 07, 2024

Will Polymarket Launch a Token? Why Some Traders Are Betting on an Airdrop

Will Polymarket have an airdrop? This year's staggering rise of the crypto prediction market has fueled speculation that the platform will debut its own token, and potentially reward its growing pool of users. And some of those users already appear to be making moves to improve their chances of scoring big. To be clear, Polymarket has yet to announce plans for a token, and the company did not reply to Decrypt's request for comment. But amid surging trading volume alongside the U.S. election cycl...

  • Sep 07, 2024

This Week on Crypto Twitter: Telegram Founder’s Reemergence Sparks Split

Illustration by Mitchell Preffer for Decrypt While Crypto Twitter can often be brutally black-and-white when it comes to narrativizing major events, this week saw the industry splinter into shades of gray after Telegram CEO Pavel Durov broke a days-long silence following his release from police custody in France.  In a lengthy letter to the public on this week—posted first to Telegram and then to Twitter—Durov weighed in for the first time on his arrest and indictment last week by French authori...

  • Sep 07, 2024

Fed Must Decide If Quarter-Point Cut Will Be Enough for Workers

(Bloomberg) -- The Federal Reserve is set to begin unwinding its tightening campaign this month as inflation cools and the labor market slows. The big question policymakers now face is whether a small interest-rate cut will be enough to keep the economy in expansion mode.Most Read from BloombergHow Americans Voted Their Way Into a Housing CrisisWorld's Second Tallest Tower Spurs Debate About Who Needs ItThe Plan for the World’s Most Ambitious Skyscraper RenovationUC Berkeley Gives Transfer Stude

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