Federal Reserve Governor Christopher Waller warns that the “unsustainable fiscal path” of the US could put upward pressure on the neutral rate during a speech at the Reykjavik Economic Conference in Iceland. from Bloomberg Markets https://ift.tt/uNCw3FX
South Africa is making progress in rebuilding its institutions that uphold the rule of law but still has some way to go in rooting out corruption at power utility Eskom Holdings SOC Ltd., according to Public Enterprises Minister Pravin Gordhan. from Bloomberg Politics https://ift.tt/1wUYFk6
Rishi Sunak’s government has ditched the landmark smoking ban he said would transform future generations and save the National Health Service billions of pounds, after the prime minister’s decision to call an early UK election left too little time to get it through Parliament. from Bloomberg Politics https://ift.tt/tQ0Pjcu
The Korean artist proves herself to be a master manipulator of light and space with a series of conceptually rooted works at Tanya Bonakdar Gallery. https://www.wsj.com/articles/kimsooja-meta-painting-review-brilliance-in-many-forms-airdigital-01ea00cb
U.S. spot bitcoin exchange-traded funds noted their ninth consecutive day of positive inflows, amassing $107.9 million on Thursday. Blackrock’s IBIT led the way, securing $89 million, while Grayscale’s bitcoin trust (GBTC) experienced $14 million in outflows. Gap Between IBIT and GBTC Reserves Tighten Spot bitcoin ETFs had a consistent week of steady inflows, with $107.9…
The Federal Reserve will only start cutting interest rates in September, according to economists at Goldman Sachs Group Inc., who pushed back their call from July amid signs the economy is still too resilient to justify easing. Alberto Gallo of Andromedia Capital Management and Kathy Bostjancic, Nationwide Mutual Insurance chief economist, react on “Bloomberg Surveillance.” (Source:…
The United Nations’ top court ordered Israel to immediately halt its military operations in the Rafah region of the Gaza Strip, partially granting a request by South Africa in a case over genocide allegations. from Bloomberg Politics https://ift.tt/SQoTkfx
A total of 24 buoys on the Estonian-Russian border were removed on Thursday, Estonian officials say. https://ift.tt/3hv51OI May 24, 2024 at 03:01PM
TL;DR Ethereum (ETH) surged over 20% this week, nearing $4,000, driven by hopes of SEC approval for spot ETH ETFs. Nonetheless, the official green light led to significant market volatility and a price drop. Analysts are divided on ETH’s future, with some predicting a major price increase and others expecting short-term corrections. Key indicators hint…
Asian stocks track Wall Street lower as strong US business data spurs bets on the Fed holding interest rates until at least December. We speak to William de Vijlder, Group Chief Economist at BNP Paribas. As the UK election campaign kicks off, consumer confidence improves for a second consecutive month after inflation drops. We’ll bring…