Arcadia Finance Users Compensated by DeFi Hack Insurance
Arcadia Finance Users Reimbursed by DeFi Hack Insurance Update (Aug. 4 at 2:20 pm UTC): This article has been updated to add commentary by Phil Johnston, Nexus Mutual’s director of marketing. Crypto-native insurance alternative Nexus Mutual reimbursed customers who had lost money in a recent Arcadia Finance hack. According to a Monday announcement shared with […]
Quickbase Study Reveals: AI and Tech Overload Decreasing Worker Productivity
AI and tech overload is making workers less productive, Quickbase study reveals As I wrote this newsletter in a Google Doc, I found myself toggling between an overwhelming mix of programs with different functions: Slack, Asana, my company’s HR management software, various spreadsheets, and my Microsoft OneDrive—not to mention the AI applications ChatGPT and Perplexity. […]
Recent Inflation and Jobs Data Raises Wall Street Worries About the US Economy
Latest inflation, jobs data sparks Wall Street concern over US economy Stocks have continued to notch record highs this year as investors bet on a resilient economy and minimal fallout from tariff-driven inflation. But last week, both assumptions came under pressure. It was a packed week for economic data, offering a more nuanced and, in […]
Earnings Reports from Palantir, AMD, McDonald’s, and Others
:max_bytes(150000):strip_icc()/GettyImages-2159881840-e2e04c33a90644f9b7479e6e93e53199.jpg?w=1024&resize=1024,1024&ssl=1 "Earnings Reports from Palantir, AMD, McDonald’s, and Others")
Earnings From Palantir, AMD, McDonald’s and More Key Takeaways Several key companies are slated to report earnings this week, including Palantir, AMD, McDonald’s, Pfizer, Disney, and Uber. Investors will be watching for economic data releases on the U.S. trade deficit, productivity, consumer credit, and services-sector sentiment. San Francisco Federal Reserve President Mary Daly and St. […]
Strategic Expansion into Gold and Battery Metals
Strategic Diversification into Gold and Battery Metals The U.S. energy sector is navigating a tumultuous landscape marked by escalating trade tensions and a deceleration in the global demand for clean-energy technologies. As tariffs on essential components such as solar panels, batteries, and electric vehicles (EVs) disrupt supply chains, they are also reshaping investment landscapes and […]
Top Economist Brad DeLong Advises Recent Grads: It’s the Sluggish Economy, Not AI, That’s Hurting Job Opportunities
Top economist Brad DeLong to recent college grads: Don’t blame AI for job struggles—blame the sputtering economy As recent college graduates face one of the toughest job markets in years, Berkeley economist and voluble Substacker Brad DeLong has a message for those struggling to land their first full-time gig: Artificial intelligence (AI) and automation are not […]
Markets Dismiss Trump’s Tariff Assault: The Trade War Lacks Credibility
‘The Trade War Has Lost All Credibility:’ Markets Shrug Off Trump’s Tariff Blitz On Multiple Countries As President Donald Trump unveiled a blitz of new tariffs across different countries on Thursday, the markets remained largely unfazed by the move. What Happened: On Thursday, in a post on X, The Kobeissi Letter highlighted the market’s muted […]
Gold Prices Surge Nearly 2% Following US Payroll Data Release
Gold prices rose nearly 2% on Friday as an underwhelming US payrolls data boosted expectations of a Federal Reserve rate cut, while fresh tariff announcements spurred safe haven demand. Spot gold climbed 1.8% to $3,348.31 per ounce as of 11:40 a.m. ET to erase all of this week’s losses. US gold futures gained 1.6%, trading […]
Apple’s Impressive Earnings Offset by Tariff Concerns, Slow AI Rollout, and Minimal Stock Movement
Apple’s blowout earnings marred by tariff fears, a slow AI rollout, and the stock barely moves Apple reported blowout earnings on Thursday, beating Wall Street’s predictions with its biggest revenue growth since December 2021. However, the market reaction was muted, with analysts citing concerns over long-term issues including tariffs and AI. The company reached $94 […]
Trump’s New Tariffs Are Unprecedented in Modern History
Trump’s new tariffs have no precedent in the modern era Facebook Tweet Email Link In just six months, President Donald Trump has remade global trade and upended a century of precedent. Trump on Thursday announced higher tariffs — again — on just about every country in the world. Even as some countries’ tariff rates came […]