Wholesale prices rose 1.1% in May, exceeding expectations The producer price index increased 1.1% in May, driven by higher costs. The 12-month wholesale inflation rate reached 6.5%, the highest since November 2022. Economists had expected a 0.7% monthly inc
In brief - U.S. spot Bitcoin ETFs have shed $2.1B in June, pacing May's $2.4B total outflows. - Net assets declined $33B from $109B to $77B in the past month, in line with Bitcoin's 27% drop. - Analysts argued that the pace of ETF outflows is “exhausting rather than building,”...
Bitcoin ETFs record $2.1 billion in outflows this month as the cryptocurrency drops 27% from its May peak. Spot Bitcoin ETFs have seen $2.1 billion in outflows so far in June, extending May’s $2.4 billion decline amid a broader market selloff. Wednesday’s $214 million outf
Nvidia (NASDAQ:NVDA) has entered into a partnership with Abridge to develop a specialised artificial intelligence model tailored for healthcare use cases, according to a . Abridge is known for its AI-powered note-taking platform used by medical professionals The col
Prior week Initial claims 225K (Largest since the first week of February) Prior week for continuing claims 1.777 million revised to x.xxxM initial jobless claims xxxK vs 219K estimate 4-week moving average comes in at xxx.xxK vs xxx.xxK last week Continuing claims x.xxxM versus...</strong
Amazon, Nvidia, and Tether lead the record $1.4 billion Series C to scale Neura’s Physical AI platform and robotics production. Neura Robotics raised up to $1.4 billion in a Series C round, the largest ever for a full-stack robotics company, backed by Amazon, Nvidia, Tethe
Prior was +6.0% - PPI % m/m vs +0.7% expected - Prior m/m reading was +1.4% Most Popular Family offices eye defense tech's high returns. Valuations are soaring, but risks loom in this hard tech frontier Hugo Boss shares jump 8% on Frasers' $2B takeover bid; valuatio
Kuwait appears to have joined a growing bunch of Middle Eastern oil and gas producers that have moved to ship energy cargoes in dark mode through the Strait of Hormuz. The liquefied petroleum gas (LPG) carrier Gas Umm Al Rowaisat, which is owned by the national Kuwait Petr
The Japanese yen shows minimal reaction to Bank of Japan leadership absence, with USD/JPY stable below late-April intervention levels. USD/JPY remains tightly range-bound around 160.50, just below its late-April highs that triggered prior currency intervention. The pair’s
Quick Read - One dollar over the $109,000 MAGI threshold locks in a $1,148 annual Medicare surcharge calculated from tax returns filed two years earlier. - Tax-exempt municipal bond interest counts toward IRMAA's MAGI, pushing a retiree with $108,400 AGI and $900 in muni... <
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