(Bloomberg) -- The proximity of the Federal Reserve’s shift to interest-rate cuts is battering the US dollar this month, sending the world’s reserve currency slumping and igniting rallies in major peers around the globe.Most Read from BloombergTurkey Plans Istanbul Taxi Surge to Tackle ComplaintsDense Cities With Low Emissions Suffer Most From Air Pollution, Study FindsIntergenerational Housing Could Help Older Adults Combat LonelinessAs Rural Hospitals Shutter Maternity Wards, Urban Ones Follow
Treasury Yields Rise After Resilient Data Suggests Measured Fed
(Bloomberg) -- US Treasury yields climbed after resilient economic reports prompted traders to slightly trim their expectations for the scope of Federal Reserve easing this year.Most Read from BloombergTurkey Plans Istanbul Taxi Surge to Tackle ComplaintsDense Cities With Low Emissions Suffer Most From Air Pollution, Study FindsIntergenerational Housing Could Help Older Adults Combat LonelinessAs Rural Hospitals Shutter Maternity Wards, Urban Ones FollowA Loud Warning From the Past About Living
Beating the Bots: In Defense of Human Traders
As bots come to dominate trading on DEXs, a new price prediction platform allows human traders to demonstrate what they are good at, says Maksim Balashevich, the founder of Sa...
US economy displays resilience with low layoffs, solid second-quarter growth
The number of Americans filing new applications for jobless benefits slipped last week, but re-employment opportunities for laid-off workers are becoming more scarce, a sign that the unemployment rate probably remained elevated in August. Though the labor market is slowing, it is doing so in an orderly fashion that is keeping the economic expansion on track. The economy grew faster than initially thought in the second quarter, powered by consumer spending, other data showed on Thursday.
Trump Keeps Teasing His New Crypto Project, but Details Remain Scant
There have been hints it will involve DeFi.
El Salvador's Bukele Says Bitcoin Strategy a 'Net Positive,' but Adoption Lags
El Salvador now holds $400 million in its "public wallet alone," President Nayib Bukele said in an interview with TIME.
Amazon Taps Anthropic's Claude AI to Revitalize Alexa: Report
Amazon will use Anthropic's Claude AI to help power the next generation of Alexa—internally dubbed "Remarkable Alexa or Projet Banyan"—according to information shared with Reuters by sources familiar with the matter. The revelation comes after Amazon's proprietary large language model reportedly fell short of expectations, with prototype versions of the new Alexa struggling to process queries efficiently. Reuters reports that during internal testing, the in-house AI-powered Alexa exhibited delay...