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  • Aug 16, 2024

Federal court strikes down Missouri investment rule targeted at `woke politics'

A federal judge has struck down Missouri investment regulations that Republican Secretary of State Jay Ashcroft had touted as way to expose financial institutions that “put woke politics ahead of investment returns.” The Missouri regulations, issued by Ashcroft's office, infringed on the free speech rights of investment professionals and are preempted by federal law, the court ruling said. The regulations "would have placed an unnecessary burden on investment firms – small and large – doing business here in Missouri,” said Kara Corches, interim president and CEO of the Missouri Chamber of Commerce and Industry.

  • Aug 16, 2024

Why a Crypto Startup Acquired a Popular 'Roblox' Stock Trading Game

Last week, crypto educational gaming startup PiP World announced acquired a Roblox stock-trading game called StockRise, which raised some eyebrows. Why would a crypto company buy a user-created game on a platform largely populated by kids and teens? Roblox allows users to create their own games and worlds that anyone can explore and play in. Within the curated “learn and explore” section of the game, StockRise sits as the only financial educational experience. As such, the world has garnered ove...

  • Aug 16, 2024

This Week in Coins: Bitcoin Dips, Ethereum Sits Still as Trump Family Settles In

Illustration by Mitchell Preffer for Decrypt. It was a quiet week in the crypto sphere. Even so, "quiet" in crypto is still not for the faint of heart. Bitcoin was at one point trading for above $60,000 again on Monday, but things took a turn for the worse and by Thursday it had—seemingly unexplainedly—crashed to as low as $57,787. It rolled into the weekend at $59,131 per coin, a seven-day dip of 2% and more than 8% below this time last month. It still has a long way to go before it gets as hi...

  • Aug 16, 2024

Fed Faces New Risks as It Navigates Both Inflation and Jobs

(Bloomberg) -- How soon do they start, how fast do they go and where do they end?Most Read from BloombergManchester Is Giving London a Run for Its MoneyBoston’s Broke and Broken Transit System Hurts Downtown RecoveryA Floating Island in Baltimore Raises Hope for a Waterfront RevivalA Warehouse Store Promises Housing for South LA, in BulkThe Cross-Continental Race Using Only Public TransitFederal Reserve officials are largely in agreement it’s almost time to lower interest rates. Investors are on

  • Aug 16, 2024

US consumer sentiment rises in August; inflation expectations steady

The University of Michigan's preliminary reading on the overall index of consumer sentiment came in at 67.8 this month, compared to a final reading of 66.4 in July. The survey noted that for consumers surveyed, sentiment for Democrats jumped 6% in the wake of Vice President Kamala Harris replacing President Joe Biden as the Democratic nominee for president. The survey showed 41% of consumers viewed Harris as the better candidate for the economy, while 38% chose Republican nominee Donald Trump.

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