Consumer prices in the U.S. crept slightly higher in the month of November, according to a closely watched report released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index inched up by 0.1 percent in November after rising by 0.2 percent in October. Economists had expected prices...
Philadelphia-area manufacturing activity declined overall in the month of December, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday. The Philly Fed said its diffusion index for current general activity slumped to a negative 16.4 in December from a negative 5.5 in November, with a negative reading indicating contraction. Economists...
The Bank of England decided to leave its benchmark rate unchanged on Thursday as majority of policymakers called for a gradual approach to the withdrawal of policy restrictiveness amid acceleration in inflation and wage growth, while the divide in the rate-setting body widened. The Monetary Policy Committee, led by Governor Andrew Bailey, voted 6-3 to...
Shares of Darden Restaurants Inc. were gaining more than 9 percent in the pre-market activity on the NYSE after the company maintained its fiscal 2025 earnings view, and lifted sales forecast to reflect the recently acquired Chuys operating results. In its second quarter, profit and sales increased and beat market estimates. Darden President & CEO...
A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits pulled back by more than expected in the week ended December 14th. The Labor Department said initial jobless claims fell to 220,000, a decrease of 22,000 from the previous weeks unrevised level of 242,000. Economists had expected jobless claims...
Uniswap Labs announced it has partnered with Robinhood, MoonPay, and Transak to facilitate crypto-to-fiat transactions for more than 180 countries.The move comes just after the SEC dropped its investigation into Uniswap Lab after initially targeting the exchange with a Wells Notice last year. Uniswap, one of the leading decentralized exchanges (DEXs) with $4.2 billion in...
Para impulsionar a escassez e aumentar o valor a longo prazo, o ecossistema Shiba Inu introduziu um concurso comunitário concebido para queimar até 10 mil milhões de SHIB por dia.A iniciativa está alinhada com o objetivo do SHIB de reduzir a oferta e, ao mesmo tempo, manter uma comunidade engajada, incentivando a jogabilidade, a competição...
Base has introduced a series of upgrades, including Flashblocks, which boost transaction speeds by 10x, along with Appchains and Smart Wallet Sub Accounts.Reinforcing its builder-first approach, Base has launched a hub for developers, offering tools, guides, stories, and resources to support and inspire on-chain innovation. Base, the Layer-2 blockchain incubated by Coinbase back in 2023,...
Key drivers include potential exchange listings, increasing adoption of DApps, and partnerships with major payment platforms that could pump the Pi Coin price.Analysts foresee Pi Coin forming support at $2.1 and resuming its upward trend, with expectations to rally towards $3 and potentially reach $4 or higher. Amid the launch of the Pi Network mainnet...
Strive Asset Management urged GameStop to invest part of its $5 billion cash reserves in Bitcoin to hedge against inflation and drive long-term growth.GameStop has not responded yet but previously explored blockchain initiatives, making its stance on Bitcoin adoption uncertain. Strive Asset Management CEO Matt Cole recommends that GameStop should dedicate some of its available...