Policy
Chances of a 25 BPS Hike at 98.9% as FOMC Decision Due Today
According to fed futures data, there is a nearly 99% chance that the Fed will hike rates by 25 bps on July 26.
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Market Analysis
Best Stocks
These 3 Biotech Stocks Using AI Are Outperforming the Market
Recursion Pharmaceuticals, Schrodinger, and RadNet are some biotech companies that have used AI to outperform the market.
Market Analysis
AMC’s CEO Talks About Possible Bankruptcy in the Future as Stock Rallies 34%
AMC CEO Adam Aron said the movie theater chain has filed a revised petition for a stock conversion plan.
Crypto
Dogecoin Hits 2-Month High After Musk Adds “Д to Twitter Profile
Dogecoin's price spiked around 5% after Elon Musk added the its symbol to his Twitter profile.
Crypto
Binance to List Worldcoin as Altman’s Orb-Based Project Goes Live
Shortly after its launch, Worldcoin's native token WLD received support from Binance, the world's largest crypto exchange.
Market Analysis
Top AI Firms to Met with US Gov. Over Safety Commitments
Top AI firms set to visit the White House and discuss voluntary AI safety commitments.
Market Analysis
Google’s Co-Founder Sergey Brin Personally Working on Firm’s New AI
Brin has been actively participating in meetings about AI and holding weekly discussions on new AI research at Google.
Market Analysis
Meme Stocks Have Made a Comeback This Year as Retail Goes All In
The MEME ETF, the first ETF designed to track the performance of meme stocks, has gained 61% this year.
Market Analysis
How the US Has Avoided a Recession, So Far
Following countless recession predictions, the US economy is still churning.
Forex
The US Dollar Nears 15-Month Low as FOMC Decision Looms
The US dollar dropped to a near 15-month low on Tuesday.
Crypto
Reddit Moons Up 73% as ToS Changed to Allow for Sale of Virtual Assets
Reddit's MOON tokens skyrocketed more than 73% after the platform's new terms of service were updated.
Market Analysis
Threads Grew Extremely Fast, But User Engagement Metrics Now Trend Down
After initial growth spurt, Meta’s Threads is winding down in activity.
Market Analysis
US CPI Fell to 3% in June, Fed Expected to Continue with Rate Hikes
June CPI report showed that inflation fell to 3% last month, while core CPI declined to 4.8%.