• Aug 11, 2024

Oil Refiners in US Slow Down, Stoking Global Crude Glut Worries

(Bloomberg) -- Some of the top US oil refiners are throttling back operations at their facilities this quarter, adding to concerns that a global glut of crude is forming.Most Read from BloombergHow a Tiny Midwestern Town Became a Mecca for Modern ArchitectureHow Chicago’s Gigantic Merchandise Mart Is Still Thriving as Office SpaceLos Angeles Sees Remote Work Helping ‘No Car’ 2028 Olympic GamesIn DNC, Chicago’s Embattled Transit System Faces a High-Profile TestNYC Subway Riders See ‘Exceptionally

  • Aug 10, 2024

Small US Inflation Pickup Won’t Derail a Fed Rate Cut in September

(Bloomberg) -- US inflation probably picked up modestly in July, but not enough to derail the Federal Reserve from a widely anticipated interest-rate cut next month.Most Read from BloombergHow a Tiny Midwestern Town Became a Mecca for Modern ArchitectureAfrica’s Richest City Needs $12 Billion to Fix InfrastructureIn DNC, Chicago’s Embattled Transit System Faces a High-Profile TestHow Chicago’s Gigantic Merchandise Mart Is Still Thriving as Office SpaceNYC Subway Riders See ‘Exceptionally High’ A

  • Aug 10, 2024

Fed's Bowman: Rate cuts will be needed if inflation keeps falling

"Should the incoming data continue to show that inflation is moving sustainably toward our 2% goal, it will become appropriate to gradually lower the federal funds rate to prevent monetary policy from becoming overly restrictive on economic activity and employment," Bowman said in remarks prepared for delivery to a closed meeting of the Kansas Bankers Association. "But we need to be patient and avoid undermining continued progress on lowering inflation by overreacting to any single data point."

  • Aug 10, 2024

This Week in Crypto Games: Ubisoft's New Ethereum Game, Ronin Hacked Again

The crypto and NFT gaming space is busier than ever lately, what with prominent games starting to release, token airdrops piling up, and a seemingly constant array of other things happening at all times. It’s a lot to take in! Luckily, Decrypt’s GG is all over it. And if you need a quick way to get caught up on the latest moves around crypto video games, we’re happy to present This Week in Crypto Games. Our weekend roundup serves up the biggest news from the past week, along with a few other tid...

  • Aug 10, 2024

The 7 Oddest Political Betting Pools on Polymarket

Political turmoil in the U.S. has prompted surging interest in the decentralized prediction platform Polymarket, with users wagering hundreds of millions of dollars on the outcome of the presidential election in November. Polymarket allows anyone to create a market to wager the outcome of nearly any event. With fewer than 90 days until the election, political betting pools are on the rise. In July, activity on the platform surged, with close to 40,000 traders collectively betting well over $300...