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Category: Economy

Economy

Defense stocks abruptly stem losses as Trump’s tariffs wreak havoc on global markets

April 7, 2025

European defense giants whipsawed on Monday, abruptly paring losses as investors continue to grapple with a broad stock market downturn.…

Economy

Airlines expected to cut 2025 outlooks as travel demand falters

April 7, 2025

Wall Street analysts have slashed their price targets for U.S. airlines and downgraded ratings as concerns about travel demand grow.…

Economy

U.S. crude oil falls below $60 a barrel to lowest since 2021 on tariff-fueled recession fears

April 7, 2025

U.S. oil prices dropped below $60 a barrel as the global market sell-off on recession fears fueled by President Donald…

How much do stocks have to drop before trading is halted? The details on market ‘circuit breakers’
Economy

How much do stocks have to drop before trading is halted? The details on market ‘circuit breakers’

April 7, 2025

Stock futures were down so much on Sunday that trading needed to be halted momentarily. ...

JPMorgan CEO Jamie Dimon says Trump tariffs will boost inflation, slow an already weakening U.S. economy
Economy

JPMorgan CEO Jamie Dimon says Trump tariffs will boost inflation, slow an already weakening U.S. economy

April 7, 2025

Jamie Dimon is the first Wall Street CEO to publicly address President Trump's sweeping tariff policy as global markets crash.…

An ‘intimate and luxurious’ travel experience will take 12 people around the world in 100 days— almost entirely by train
Economy

An ‘intimate and luxurious’ travel experience will take 12 people around the world in 100 days— almost entirely by train

April 6, 2025

Adventures By Train's trip around the world will depart in March 17, 2026. ...

Meta debuts new Llama 4 models, but most powerful AI model is still to come
Economy

Meta debuts new Llama 4 models, but most powerful AI model is still to come

April 6, 2025

Meta has not yet released the biggest and most powerful Llama 4 model, which outperforms other AI models in its…

Economists take issue with Trump’s tariff formula, arguing rate is inflated
Economy

Economists take issue with Trump’s tariff formula, arguing rate is inflated

April 6, 2025

The formula the Trump administration used to calculate his tariffs is bewildering economists. ...

Economy

How Trump’s tariffs rollout turned into stock market mayhem

April 6, 2025

What's happened is something worse than the worst-case scenario. ...

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Crypto World

1
Cryptocurrency

Ethereum Foundation sells another 10,000 ETH to BitMine in third OTC deal

May 2, 2026

The Ethereum Foundation has completed a third over-the-counter (OTC) sale of ETH to BitMine Immersion Technologies, offloading another 10,000 ETH at an average price of $2,292 per coin, worth roughly $22.9 million.“This sale funds the…

2
Cryptocurrency

Riot posts $167M in Q1 revenue as data center arm pulls in $33M in first quarter

May 2, 2026

Riot Platforms posted $167.2 million in revenue for the first quarter of 2026, with its newly launched data center business contributing $33.2 million.The data center revenue helped offset a decline in Riot’s core Bitcoin mining…

3
Cryptocurrency

A16z sides with CFTC against states seeking to ban prediction markets

May 2, 2026

A16z has thrown its weight behind the Commodity Futures Trading Commission (CFTC) in a growing federal-state standoff over prediction markets, opposing state regulators that try to shut down platforms like Kalshi and Polymarket.The venture capital…

4
Cryptocurrency

Brazil bars crypto settlement in regulated cross-border payment rails

May 1, 2026

Brazil’s central bank, Banco Central do Brasil (BCB), has barred the use of virtual assets in certain regulated international payment and transfer services, tightening rules for cross-border payment providers operating under the country’s eFX framework.On…

Economy

Economy

The U.S.-Iran war is coming for your credit score and mortgage application

May 2, 2026
Economy

Weight loss and hair loss: The growing hair treatment market from GLP-1s

May 2, 2026
Economy

Spirit Airlines shuts down after failing to reach a bailout deal, ending discount travel era

May 2, 2026
Economy

Fed dissenters explain ‘no’ votes, saying they disagreed with hinting next move would be a cut

May 1, 2026
Economy

Pentagon tech chief says Anthropic is still blacklisted, but Mythos is a separate issue

May 1, 2026
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