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BlackRock executive Rick Rieder reportedly thinks the U.S. Federal Reserve could slash rates by 50 basis points in September.
Rieder, the asset management giant’s chief investment officer of global fixed income, said in a note to clients that Friday’s tepid jobs report from the U.S. Bureau of Labor Statistics could convince the Fed to institute a larger cut than expected, according to a new...
A rapidly evolving bank malware now has far greater capabilities to infect Android devices and steal personal information, according to researchers.
The cybersecurity firm Zimperium says the so-called DoubleTrouble trojan “has rapidly evolved in both its distribution methods and capabilities,” and is now permeating channels on the social platform Discord.
“In its latest evolution, the malware...
A US-based non-profit is launching a new guaranteed income pilot program that will give thousands of dollars to people to use as they wish.
The Georgia Resilience...
Tether CEO Paolo Ardoino says the company behind the leading stablecoin is aiming to expand its offerings in the US.
In a post on the social media platform X, Ardoino unveils the company’s plan for one of the world’s top financial markets as the stablecoin issuer releases its quarterly attestation for Q2 2025.
“USDt growth is accelerating, leading the market with a 100B delta with the second-...
Two decentralized science altcoins are wavering after gaining support from Coinbase, the top US-based crypto exchange platform by volume.
In a new thread on the social media platform X, Coinbase announced the addition of two decentralized science (DeSci) protocols – Bio Protocol (BIO) and ResearchCoin (RSC) – to its suite of crypto products.
Following the announcements, the tokens both fell in...
Google has agreed to pay millions of dollars to settle a class-action lawsuit accusing the tech giant of illegally collecting customers’ biometric data.
According to a newly updated settlement administrator’s portal, Google will pay $8.75 million to settle accusations of collecting and storing biometric data of users of its Google Workspace for Education (or G Suite for Education) in Illinois...
New data from the crypto analytics firm Swissblock suggests that Bitcoin (BTC) is gearing up to skyrocket even as its momentum turns negative.
In a new thread on the social media platform X, Swissblock says the top crypto asset by market cap just needs to flip its momentum in order to reverse course and spark a rally, likely taking altcoins with it if it does.
“Profit-taking is fading and...
The New York Times is reporting that OpenAI has secured $8.3 billion in a new round of funding, months ahead of schedule.
According to the NYT report, this round of investors, which includes Blackstone, TPG, T. Rowe Price, Fidelity, Andreessen Horowitz, and other financial giants, has helped blow up OpenAI’s valuation to $300 billion.
OpenAI has been planning to raise $40 billion by the end of...
A closely followed crypto analyst says that one metric suggests Bitcoin (BTC) may decline to under $110,000 after losing a key support level.
In a new thread, crypto trader Ali Martinez tells his 145,400 followers on the social media platform X that Bitcoin may decline more than 7% from its current value as the flagship crypto asset declines along with the broader financial markets.
The crypto...
US President Donald Trump has threatened to slap an additional “penalty” on India due to the country’s involvement in the BRICS economic alliance.
Trump took to Truth Social on Wednesday to announce a 25% tariff on Indian goods to balance out a trade deficit with the South Asian nation.
He also said India would pay an additional “penalty” due to its relationship with Russia, later adding in a...