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France: Consumption Plunges While Inflation Moderates
Article By: ING Economics
Wednesday, May 31, 2023 5:04 AM EDT
The second quarter got off to a poor start in France, with household consumption falling for the third consecutive month in April. The outlook has been revised downwards. Inflationary pressures seem to be moderating more quickly than expected.
In this article: EWQ, EZU
Ethereum Reinforces Its Deflationary Nature – 143k Tokens Burned In May
Article By: Invezz
Wednesday, May 31, 2023 4:51 AM EDT
Data from shows the blockchain burnt approximately 143,000 Ether coins (worth approximately $275 million) in May. Could Ethereum be the new market driver that experts are searching for?
In this article: BITCOMP, ETH-X
Cardano Has A Meme Coin Now, And It’s Up 425% Over Two Weeks
Article By: The Tokenist
Monday, May 29, 2023 8:26 AM EDT
Earlier this month, the first-ever meme coin launched on the Cardano chain, called Snek. Immediately after the launch, Snek saw significant interest from the Cardano community and surged over 425% in just two weeks.
In this article: ADA-X Also: DOGE-X, SHIB-X
We Have A Debt Limit Deal In Principle, It Doesn't Do Much
Article By: Mish Shedlock
Monday, May 29, 2023 4:33 AM EDT
A House vote is expected this week on an agreement that will raise the borrowing limit for two years.
Turkey’s Presidential Runoff: 4 Essential Reads On What’s At Stake
Article By: The Conversation
Sunday, May 28, 2023 8:28 AM EDT
Turkish voters will head to the polls on May 28, 2023, for the second time in the month – this time facing a choice between a winnowed field of two candidates, each of whom is vowing to take the country in a very different direction.
In this article: TUR
The AI Plays Wall Street Doesn’t Want You To Know About
Article By: Graham Summers
Thursday, May 25, 2023 8:49 AM EDT
Yesterday I noted that the Artificial Intelligence (AI) bubble was still going strong, but that large players like Nvidia (NVDA) were probably “tapped out.”
In this article: NVDA
Germany’s Economy Did Fall Into A Winter Recession
Article By: Carsten Brzeski
Thursday, May 25, 2023 6:23 AM EDT
It took a couple of statistical revisions, but now it's official: the just-released second estimate of German 1Q GDP growth came in at -0.3% QoQ. The German economy contracted in the last two quarters and is officially in a technical recession.
Artificial Debt Ceilings
Article By: Bill Bonner
Wednesday, May 24, 2023 11:33 AM EDT
The subject is AI. But the discussion takes place against a backdrop of financial crisis. Or, at least a faux financial crisis – the debt ceiling.
In this article: NVDA, GOOGL, META, MSFT
Microsoft’s New Pledge: Watermarking AI-Generated Content – A Step Towards Transparency, Or Not Enough?
Article By: Shelly Palmer
Wednesday, May 24, 2023 9:41 AM EDT
As the lines between reality and AI-created content continue to blur, the tech giant is stepping up with a new initiative: watermarking AI-generated images and videos.
In this article: MSFT
G7 Leaders Support Development Of Global Sustainable Disclosure Standards
Article By: ESG Today
Monday, May 22, 2023 7:18 AM EDT
Leaders of leading industrial nations at the Japan-hosted G7 summit in Hiroshima made a series of announcements including supporting the development of the International Sustainability Standards Board’s ESG related corporate reporting standards.
Foot Locker Plunges On Earnings Report But Nears Vital Support
Article By: BigTrends
Sunday, May 21, 2023 11:57 AM EDT
Foot Locker stock got hammered on Friday, down 27% at one point. The slump comes after the athletic-apparel chain reported its first-quarter results.
In this article: FL Also: NKE, ONON
Crypto Industry Updates: Chainlink VRF Live On Arbitrum One
Article By: Invezz
Saturday, May 20, 2023 9:00 AM EDT
Chainlink is a reputable RNG, offering verifiable randomness to over 6,300 smart contracts.
In this article: ARB-X, LINK-X
IRS To Pilot Its Own Tax E-File Platform In 2024 - What Could Go Wrong?
Article By: Tyler Durden
Saturday, May 20, 2023 7:20 AM EDT
In 2024, the IRS will launch a pilot program to offer its own, government-run, income tax return-preparation website, according to a report the universally-despised agency provided to Congress on Tuesday.
US: Housing Starts Rise 2.2% In April, Building Permits Decline 1.5%
Article By: FXStreet
Wednesday, May 17, 2023 10:10 AM EDT
The monthly data published by the US Census Bureau revealed on Wednesday that Housing Starts rose by 2.2% on a monthly basis in April following March 4.5% decline. This reading came in better than the market expectation for an increase of 1.9%.
In this article: UDN, UUP
United States Retail Sales Rise In April
Article By: Daily Forex
Wednesday, May 17, 2023 9:48 AM EDT
Retail sales in the United States have increased month-on-month for April by 0.4%, data from the United States Census Bureau has confirmed. This is less than expected, as most analysts were forecasting an increase of 0.8%.
Empower Oversight Raises Pressure On SEC
Article By: The Tokenist
Wednesday, May 17, 2023 9:23 AM EDT
For the second time in less than two weeks, Empower Oversight filed a FOIA request concerning cryptocurrency enforcement with the SEC.
In this article: COIN, XRP-X
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