Information

  • Sep 04, 2024

Oil Falls as Demand Woes Overshadow Possible OPEC Supply Delay

(Bloomberg) -- Oil fell to the lowest in more than a year as persistent concerns about weakening demand overshadowed the potential for OPEC+ to delay supply increases. Most Read from BloombergHow Air Conditioning Took Over the American OfficeHong Kong’s Arts Hub Turns to Selling Land to Stay AfloatThe Outsized Cost of Expanding US RoadsGlobal benchmark Brent slipped 1.4% to settle at $72.70 a barrel, the lowest closing price since June 2023. OPEC+ members are close to an accord that would pause

  • Sep 04, 2024

The Protocol: The Secret Code Behind Trump Family Crypto Project

In this week's issue of CoinDesk's weekly newsletter on blockchain tech, we've got the secret details underpinning the former president's plan for World Liberty Financial, as well as the rankings of which tokens performed the least-poorly in ugly August crypto markets.

  • Sep 04, 2024

CFTC Settles With Uniswap Labs Over Leveraged Crypto Trading

(Bloomberg) -- The US Commodity Futures Trading Commission fined Uniswap Labs $175,000 as part of a settlement of allegations that the decentralized crypto exchange illegally offered leveraged retail trading in digital assets.Most Read from BloombergHow Air Conditioning Took Over the American OfficeThe Outsized Cost of Expanding US RoadsHong Kong’s Arts Hub Turns to Selling Land to Stay AfloatUniversal Navigation Inc., which does business as Uniswap Labs, has been ordered to cease and desist fro

  • Sep 04, 2024

US firms see weaker employment growth as economy slows, Fed survey shows

(Reuters) -U.S. economic activity expanded more slowly from the middle of July through late August and businesses pulled back on hiring, signals that underscore why the Federal Reserve is set to begin to lower interest rates later this month. The U.S. central bank's latest temperature check on the health of the economy also showed that inflation pressures increased at a modest pace, with input costs viewed by all but one of the Fed's 12 districts as generally easing. "Economic activity grew slightly in three districts, while the number of districts that reported flat or declining activity rose from five in the prior period to nine in the current period," the Fed said on Wednesday in the survey known as the "Beige Book," which polled the business contacts of each regional Fed bank through Aug. 26.

Popular Post