Trump administration weighs a global stablecoin plan to cement dollar's dominance
Washington is a mulling plan to actively promote USDbacked stablecoins worldwide in a bid to cement the greenback's global reserve status. Source:CoinDesk
Dogecoin down 8%, bitcoin under $84,000 as Treasury yields hit highest level since 2007
A rebound in oil, the strongest U.S. business survey in five years and a poorly received fiveyear note sale pushed borrowing costs higher, with DOGE leading…
Is gridlock in Washington actually good for stocks? Here’s what historical market data says.
Contrary to widespread belief, the stock market hasn’t performed better during periods of interparty gridlock in Washington Source:MarketWatch
OpenAI and Anthropic’s CEOs just delivered this message to the U.N. as AI fears swirl
Sam Altman and Dario Amodei on Wednesday asked United Nations members to work together on global AI standards. Source:MarketWatch
Inflation could cost Republicans the Senate — this chart shows how
Fallout from these decisions pushed prices higher and pressured worker pay Source:MarketWatch
Fewer stocks are carrying the market than at any time since the dot-com peak
The S&P 500’s latest trip back to nearrecord territory has been powered by a surprisingly small number of stocks. Source:MarketWatch
US lawmakers from gaming states urge SCOTUS to take up Kalshi case
The case between New Jersey authorities and a prediction market company, if accepted by the Supreme Court, could result in clarity for state and federal…
What’s behind Royal Caribbean’s ‘highly surprising’ push into Sandals vacation resorts
Royal Caribbean plans to take a 50% stake in Sandals, a move that gives the cruise line access to wealthier customers. Source:MarketWatch
Record-breaking diesel prices look set to push grocery bills even higher — and Thanksgiving is getting closer
Rising diesel prices have been a “silent killer” for Americans’ wallets — but they could get louder soon, as prices for the fuel continue to shatter records.…
Micron’s stock has become a ‘battleground’ as the AI narrative shifts
Investors have become more focused on the durability of memorychip demand, but there are reasons to be optimistic on that front, a UBS analyst said.…
The AI ‘scare trade’ is finally hitting banks. Bargain hunters should take note.
In an era of higher interest rates, banks have reaped big profits due to consumers’ reluctance to move money out of lowinterest checking accounts that offer…
Kalshi says it is not being investigated by the CFTC over trading activity
The prediction market says unusual patterns in its ether perpetual market are the result of liquidity incentives. Source:CoinDesk