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  • Aug 29, 2024

Dollar Eyes 2024’s Biggest Monthly Loss as Fed Signals Cut

(Bloomberg) -- The proximity of the Federal Reserve’s shift to interest-rate cuts is battering the US dollar this month, sending the world’s reserve currency slumping and igniting rallies in major peers around the globe.Most Read from BloombergTurkey Plans Istanbul Taxi Surge to Tackle ComplaintsDense Cities With Low Emissions Suffer Most From Air Pollution, Study FindsIntergenerational Housing Could Help Older Adults Combat LonelinessAs Rural Hospitals Shutter Maternity Wards, Urban Ones Follow

  • Aug 29, 2024

Treasury Yields Rise After Resilient Data Suggests Measured Fed

(Bloomberg) -- US Treasury yields climbed after resilient economic reports prompted traders to slightly trim their expectations for the scope of Federal Reserve easing this year.Most Read from BloombergTurkey Plans Istanbul Taxi Surge to Tackle ComplaintsDense Cities With Low Emissions Suffer Most From Air Pollution, Study FindsIntergenerational Housing Could Help Older Adults Combat LonelinessAs Rural Hospitals Shutter Maternity Wards, Urban Ones FollowA Loud Warning From the Past About Living

  • Aug 29, 2024

Beating the Bots: In Defense of Human Traders

As bots come to dominate trading on DEXs, a new price prediction platform allows human traders to demonstrate what they are good at, says Maksim Balashevich, the founder of Sa...

  • Aug 29, 2024

US economy displays resilience with low layoffs, solid second-quarter growth

The number of Americans filing new applications for jobless benefits slipped last week, but re-employment opportunities for laid-off workers are becoming more scarce, a sign that the unemployment rate probably remained elevated in August. Though the labor market is slowing, it is doing so in an orderly fashion that is keeping the economic expansion on track. The economy grew faster than initially thought in the second quarter, powered by consumer spending, other data showed on Thursday.

  • Aug 29, 2024

Amazon Taps Anthropic's Claude AI to Revitalize Alexa: Report

Amazon will use Anthropic's Claude AI to help power the next generation of Alexa—internally dubbed "Remarkable Alexa or Projet Banyan"—according to information shared with Reuters by sources familiar with the matter. The revelation comes after Amazon's proprietary large language model reportedly fell short of expectations, with prototype versions of the new Alexa struggling to process queries efficiently. Reuters reports that during internal testing, the in-house AI-powered Alexa exhibited delay...

  • Aug 29, 2024

Can TON Even Handle the 'Hamster Kombat' Telegram Game Airdrop?

Telegram tap-to-earn game players got exciting news this week, as the developers of viral crypto game Hamster Kombat announced that the HMSTR token launch is now set for September 26 on The Open Network (TON), following a delay from the original target of July. But that announcement was couched by plenty of less appealing news around the network. Last weekend, Telegram co-founder and CEO Pavel Durov was arrested in France, prompting a price plunge for TON plus uncertainty around the Telegram-lin...

  • Aug 29, 2024

BlackRock's Bitcoin ETF Marks First Loss Since May—Cause for Concern?

BlackRock's spot Bitcoin exchange-traded fund (ETF) has experienced more than $13 million in net outflows, marking the first time since May the investment vehicle has lost more funds than it has gained. The Ishares Bitcoin Trust ETF (IBIT), which is the largest spot Bitcoin ETF by total assets, saw net outflows of roughly $13.5 million on Thursday, according to data from investment management firm Farside Investors. This is the second time Blackrock’s Bitcoin fund has ever recorded negative outf...

  • Aug 29, 2024

Trump Leads Harris by 12 Points Among Crypto Owners: Poll

A new poll from Fairleigh Dickinson University (FDU) finds that likely voters who own cryptocurrencies—about one out of every seven registered voters—favor former President Donald Trump in the upcoming presidential election by 12 points. These results come as Trump and new ally Robert F. Kennedy Jr. have recently doubled down on support for crypto. “Trump has been reaching out to the crypto community, and it seems to have paid off,” wrote Dan Cassino, professor of government and politics at FDU...

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