Donald Trump says Elon Musk can consult for the federal government if he wins reelection
As the relationship between Musk and Trump deepens, both eye a possible role for the world’s richest man in the U.S. government.
Crypto Startup Backed by Likes of Dragonfly Aims to Create Market to Trade Airdrop-Related Points
Rumpel Labs seeking to create efficient secondary markets, going live in mid-September.
Did RFK Jr. Really 'Drop Out'? Polymarket Bettors Argue Over Contract Resolution
Also: Prediction market traders place bets on Telegram CEO's release from jail and on the spread of mpox.
The Fed’s Rate Cut Cushion Is Good News for Crypto
A key metric by which officials set rates shows the potential to cut rates by 175 basis points over the next nine months. If so, that’s likely to drive the prices of bitcoin a...
The Fed’s Rate Cut Cushion Is Good News for Crypto
A key metric by which officials set rates shows the potential to cut rates by 175 basis points over the next nine months. If so, that’s likely to drive the prices of bitcoin a...
US firms' 'low firing' approach may turn to more layoffs, Fed's Barkin tells BBG
The "low-hiring, low-firing" approach that U.S. businesses currently take to their employment decisions is unlikely to last, Richmond Federal Reserve President Thomas Barkin said in newly released comments, citing the risk that firms could resort to layoffs if the economy weakens. Concerns about the job market have intensified at the U.S. central bank in recent weeks and are a core reason for why Fed Chair Jerome Powell said in a speech on Friday that interest rate cuts were needed to prevent any further and unwanted erosion in U.S. joblessness. It isn't happening yet as firms remain reluctant to fire employees even as they've become more conservative in filling positions, Barkin said in comments to the Bloomberg "Odd Lots" podcast, which was recorded on Friday at a Fed economic symposium and released on Monday.
CoinDesk 20 Performance Update: RNDR and SOL Lead Gains as Index Rises
RNDR jumps 10.7% and SOL climbs 6.7%, leading the CoinDesk 20 Index to a modest weekend gain.