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Thu, Jun 12, 2025 06:07 PM All times are UTC

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US PPI Cooler Than Expected in May: Inflation Stays Tame

Jun 12, 2025 15:00 pm UTC| Insights & Views

The US Producer Price Index (PPI) for May 2025 showed a smaller increase than anticipated, with the headline PPI rising by 0.1% month-over-month, below the forecast of 0.2%. Annually, the headline PPI increased to 2.6%...

Trump Token Tides: Whale Makes Splash in WLFI, Signaling Massive Surge Ahead?

Jun 12, 2025 12:20 pm UTC| Digital Currency Insights & Views

A significant whale or business has made substantial investments in World Liberty Financial (WLFI) tokens, purchasing 800 million token for $80 million USDT through two over-the-counter (OTC) transactions that took place...

ANAP's Bold Bitcoin Bet: Targeting 1,000 BTC

Jun 12, 2025 11:24 am UTC| Digital Currency Insights & Views

Japanese fashion house ANAP Holdings is also trying to pilfer a huge chunk of Bitcoin (BTC). On June 12, 2025, ANAP acquired another 27.5. BTC acquired a sum of roughly 432.7 million (USD 2.79 million), which brings their...

SEC Says No to "Solana MicroStrategy"

Jun 12, 2025 04:34 am UTC| Digital Currency Insights & Views

The U.S. DeFi Development Corps (DDC) proposal to acquire Solana (SOL) for $1 billion was turned down by the SEC due to paperwork issues, including a missing internal controls report and failure to meet Form S-3...

US and China Reach Partial Truce in Trade War

Jun 12, 2025 02:01 am UTC| Insights & Views

Trade tensions were somewhat alleviated following the recent trade negotiations between the US and China in London. The US will impose a 55% tariff on Chinese goods, which is lower than the previous 145%, and China will...

Tariffs Fuel Core Inflation Jump in May, Hinting at Fed Rate Watch

Jun 11, 2025 12:52 pm UTC| Insights & Views

In May, the Consumer Price Index (CPI) experienced a slight increase, with the headline CPI showing - 0.1% month over last month meeting expectations. Despite inflation in other areas, stable gasoline prices played a role...

Chainlink's Development Explodes, Outpacing Ethereum Amidst RWA Revolution

Jun 11, 2025 12:02 pm UTC| Digital Currency Insights & Views

The development of Chainlink has recently surpassed Ethereum in terms of progress, and as of late May 2025, the two companies have been actively working on new projects. The increase can be observed in the number of GitHub...

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Economy

BOJ Rate Hikes Unlikely as Trump Tariffs Threaten Japan's Export-Driven Recovery

U.S. tariffs under President Donald Trump may derail Japans monetary tightening, with former Bank of Japan (BOJ) board member Takako Masai warning that interest rate hikes are unlikely amid rising trade uncertainty. Masai,...

U.S. Futures Dip as Middle East Tensions Rise and Boeing Shares Fall After Crash

U.S. stock index futures declined Thursday amid escalating Middle East tensions and uncertainty over recent U.S.-China trade developments. Dow E-minis dropped 269 points (0.63%), SP 500 E-minis fell 25.5 points (0.42%),...

ECB’s Schnabel: Interest Rates in “Good Place” Despite Inflation Dip

European Central Bank (ECB) Executive Board Member Isabel Schnabel stated that current interest rates are well-positioned, even as euro zone inflation is expected to dip in the coming years. Speaking at a recent seminar,...

China Affirms Trump Trade Deal Amid Tariff Truce and Rare Earth Talks

China has confirmed its commitment to a new trade agreement with the U.S., announced by President Donald Trump, emphasizing both nations should honor the consensus reached during a recent phone call between Trump and...

Korean Won Strengthens as Market Optimism Lifts Equities Post-Election

The Korean won has rallied sharply following the recent election, fueled by investor optimism over potential market reforms from the new administration. According to a new UBS report, this sentiment has also propelled...

Politics

UK Responds After Deadly Ahmedabad Plane Crash

UK Foreign Minister David Lammy has expressed his condolences following a tragic plane crash in Ahmedabad, India. In a post on X (formerly Twitter), Lammy said, Deeply saddened by news of a devastating plane crash in...

Trump’s Immigration Crackdown Sparks Clash with Democratic Governors

Three high-profile Democratic governors are set to testify before a Republican-led House Oversight Committee on Thursday, amid escalating tensions over President Donald Trumps intensified immigration crackdown. The...

Kennedy Appoints Vaccine Skeptics to CDC Panel, Reigniting Public Debate

U.S. Health Secretary Robert F. Kennedy Jr. has named eight new members to the Centers for Disease Control and Preventions (CDC) Advisory Committee on Immunization Practices (ACIP), following the abrupt dismissal of all 17...

Saudi Crown Prince MBS Declines Invitation to G7 Summit in Canada

Saudi Arabias Crown Prince Mohammed bin Salman (MBS) will not attend the upcoming G7 Summit in Canada, a senior diplomat told Reuters. While Saudi Arabia is not a G7 member, it often receives guest invitations to the...

EU and UK Reach Landmark Deal on Gibraltar Border Post-Brexit

The European Union and the United Kingdom have reached a breakthrough agreement on Gibraltars post-Brexit border status, ending years of uncertainty and easing travel restrictions at the southern tip of Spain. Under the...

Science

NASA Astronauts Wilmore and Williams Recover After Boeing Starliner Delay

NASA astronauts Butch Wilmore and Suni Williams are steadily recovering after spending nine unexpected months aboard the International Space Station (ISS) due to issues with Boeings Starliner capsule. Initially intended...

SpaceX Starship Test Flight Reaches New Heights but Ends in Setback

SpaceXs massive Starship rocket, central to Elon Musks vision for interplanetary travel, launched its ninth uncrewed test flight from Starbase, Texas, on May 27, 2025. The two-stage vehiclecomprising the upper-stage...

Trump’s nomination for NASA leader boasts business and commercial spaceflight experience during a period of uncertainty for the agency

Jared Isaacman, billionaire, CEO and nominee to become the next NASA administrator, faced questions on April 9, 2025, from members of the Senate Committee on Commerce, Science, and Transportation during his confirmation...

Lab-grown meat: you may find it icky, but it could drive forward medical research

Lab-grown meat causes heated debates. Proponents see benefits for the climate and animal welfare. Opponents worry about a Frankenstein food they regard as risky and unnatural. Whatever your opinion, the technology...

Kennedy Sets September Deadline to Uncover Autism Causes Amid Controversy

U.S. Health and Human Services Secretary Robert F. Kennedy Jr. announced a bold plan to identify the cause of autism by September 2025. Speaking at a cabinet meeting with President Donald Trump, Kennedy declared a global...

Technology

Reddit User Growth Slows for Third Straight Month as Digital Ad Market Rebounds

Reddits user base declined for the third consecutive month in May, according to Piper Sandler. The platform lost 6 million users month-over-month, driven mainly by a 7 million drop in feed ad units. Conversation units,...

OpenAI Eyes $40B Fundraise with Backing from Saudi PIF, Reliance, and SoftBank

OpenAI is reportedly in discussions with major global investors, including Saudi Arabias Public Investment Fund (PIF) and Indias Reliance Industries (NSE:RELI), as it seeks to raise up to $40 billion in fresh funding,...

Samsung and Nvidia Join SoftBank in $100M Investment Round for Robotics Startup Skild AII

Samsung Electronics (KS:005930) and Nvidia (NASDAQ:NVDA) are making strategic investments in U.S.-based robotics software startup Skild AI, aiming to strengthen their foothold in the rapidly expanding robotics and physical...

Nvidia Unveils Europe AI Expansion with First Industrial Cloud Platform in Germany

Nvidia CEO Jensen Huang announced the companys first industrial AI cloud platform will be built in Germany, unveiled during his keynote at the VivaTech 2025 conference in Paris. The platform will integrate AI and robotics...

Slack Restricts Data Access to Boost Privacy and Fuel AI Ambitions

Salesforce-owned Slack has tightened data access rules, blocking third-party software providers from searching or permanently storing Slack messageseven with customer consentaccording to a report by The Information. The...