Melania Trump launches “The 1776 NFT Collection” featuring iconic landmarks in the US

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• Economists split over Bank of England’s next step

  TL;DR Breakdown Market experts are divided over the Bank of England’s next interest rate move. Some expect a 25 basis point hike to 5.25%, while others predict a 50 basis point increase. UK inflation is cooling but still above the 2% target set by the Bank of England. Description The UK’s financial landscape is standing at a crossroads, with experts sharply divided over the Bank of England’s imminent decision. Will it be a moderate 25 basis point hike or an assertive 50 basis point increase in interest rates? As the nation’s monetary policymakers gather to decide the course, the markets are a battlefield of … Read more The UK’s financial landscape is standing at a crossroads, with experts sharply divided over the Bank of England’s imminent decision. Will it be a moderate 25 basis point hike or an assertive 50 basis point increase in interest rates? As the nation’s monetary policymakers gather to decide the course, the markets are a battlefield of opinions, expectations, and sheer uncertainty. The stakes are high, and the analysts are split, as inflation keeps rearing…

  Article 2023年8月3日

• A worrying yield curve: Is a recession on the horizon for the US economy?

  TL;DR Breakdown The yield curve for US Treasurys is facing inversion, historically seen as an indicator of impending recessions. The Fed’s series of interest rate hikes over the past year have raised concerns among some investors that it could slow down the economy to the point of triggering a recession. Despite the yield curve inversion, the US economy has shown resilience. Description About a year ago, the yield curve for US Treasurys experienced an inversion, meaning that short-term bonds offered higher interest rates than their long-term counterparts. Recently, the gap between two specific bonds reached its widest point since 1981, further deepening this inversion. The yield curve, which had already been inverted, has become even more pronounced … Read more About a year ago, the yield curve for US Treasurys experienced an inversion, meaning that short-term bonds offered higher interest rates than their long-term counterparts. Recently, the gap between two specific bonds reached its widest point since 1981, further deepening this inversion. The yield curve, which had already been inverted, has become even more pronounced in its divergence between short-term…

  Article 2023年9月21日

• Mexico’s economy proves resilient as peso surges against the US dollar

  TL;DR Breakdown Mexico’s economy is displaying positive growth for the fourth consecutive month, with key contributions from the construction and manufacturing sectors. In terms of currency, the Mexican peso has experienced a surge against the US dollar, outperforming many other currencies in the Latin American region. Mexico and Canada have also surpassed China as the largest import destinations for the United States in the first half of the year. Description The latest economic indicators for Mexico provide a positive outlook for the country’s financial health. The annual inflation rate has declined, reaching 4.44%, the lowest since March 2021. That marks the ninth consecutive fortnight of decreasing inflation. Additionally, the country’s economic activity showed growth for the fourth consecutive month. In July, economic activity increased by … Read more The latest economic indicators for Mexico provide a positive outlook for the country’s financial health. The annual inflation rate has declined, reaching 4.44%, the lowest since March 2021. That marks the ninth consecutive fortnight of decreasing inflation. Additionally, the country’s economic activity showed growth for the fourth consecutive month. In July, economic…

  Article 2023年9月24日

• US senators slam Meta’s ‘unrestrained’ AI release

  TL;DR Breakdown Two US senators, Richard Blumenthal, and Josh Hawley, have raised concerns about Meta chief executive Mark Zuckerberg and the tech giant’s “leaked” artificial intelligence model called LLaMA. They contended that Meta’s release of LLaMA lacked thorough consideration of the potential consequences, which they deemed a disservice to the public. While ChatGPT is programmed to reject certain requests, users have found ways to “jailbreak” the model and make it generate responses it would typically refuse. Two US senators, Richard Blumenthal, and Josh Hawley, have raised concerns about Meta chief executive Mark Zuckerberg and the tech giant’s “leaked” artificial intelligence model called LLaMA. The senators argue that LLaMA poses potential dangers and could be exploited for criminal activities. In a letter dated June 6, the senators criticized Zuckerberg’s decision to open source LLaMA and claimed that there were insufficient safeguards in Meta’s release of the AI model. While they acknowledged the benefits of open-source software, they contended that Meta’s release of LLaMA lacked thorough consideration of the potential consequences, which they deemed a disservice to the public. Initially, LLaMA had…

  Article 2023年6月11日

• Polkadot price analysis: DOT crashes to $5 support after latest decline

  TL;DR Breakdown . Polkadot price declined 4 percent today . Price dropped as low as $4.90 . DOT set to continue to test support at $5 Polkadot price analysis shows a continuation of the downtrend in place, as price dipped another 3 percent to fall as low as $4.90 over the past 24 hours. Having recovered back up to $4.99 at the time of writing, DOT has declined more than 10 percent since the start of June. Polkadot price is set to continue to test support at the $5 mark, whereas the immediate resistance point is set at $5.5 which was the high on May 28. Over the past 24 hours, DOT trading volume dropped slightly, indicating a bearish trend, whereas the token’s market capitalisation dropped 4 percent to $6,624,378,804. The larger cryptocurrency market also continued to trend downwards, as Bitcoin dropped to $26,200 with a 3 percent decrement, and Ethereum declined in a similar way to move down to $1,800. Among leading Altcoins, Ripple lost 2 percent to move down to $0.51, while Cardano dropped a massive 9 percent…

  Article 2023年6月13日