Ten years have passed since a fresh-faced British prime minister David Cameron promised a referendum on Brexit, a gamble that sowed the seeds of his political destruction. Now, four prime ministers later, Rishi Sunak is taking the biggest wager of his political career: trying to clear up the mess. Sunak is already in a precarious
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Customizable rollup provider Eclipse announced that the startup is launching a scaling solution that is compatible with Solana and Polygon. Eclipse disclosed that the Layer 2 blockchain can run smart contracts on Solana, and decentralized applications (dapps) will be easily migratable to the Polygon Sealevel Virtual Machine (SVM). How Eclipse’s L2 Scaling Concept Hopes to
Autonomous cars are no longer a sign of the future. In the Saudi Arabian capital of Riyadh plans are underway to build a massive city-within-a-city, complete with racetracks for flying cars and immersive experiences that mimic visits to other planets or worlds where people tower over regular-sized buildings. Called The Mukaab (derived from the Arabic
Bitcoin (BTC) stayed lower at the Feb. 24 Wall Street open as United States macroeconomic data showed inflation biting back. PCE sparks fresh doubts on inflation Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it traded in a narrowing range around $23,800. The pair attempted to reclaim $24,500 the day prior, but it
A political fight over whether natural gas fired appliances should be more strictly regulated or even banned may exacerbate the long, slow decline of municipally owned gas utilities. The U.S. Consumer Product Safety Commission has recently taken aim and heat over their recommendations about using natural gas stoves, with its chair announcing in January that it
Five years ago, when I visited Puerto Rico in the wake of deadly Hurricane Maria, relief organizations brought solar-powered lights to replace the power grid that had failed catastrophically. In the wake of severe damage to its energy infrastructure, Puerto Rico privatized its bankrupt public power utility with the promise to deliver more effective services.
Mohamed El-Erian says the financial markets are starting to doubt whether the Federal Reserve can bring inflation down to its 2% target. El-Erian, the chairman of Gramercy Funds and a Bloomberg Opinion columnist, told Bloomberg Television that inflation indicators are heading in the wrong direction, increasing worries among investors about how long it will take
Cleveland Fed President Loretta Mester said a bigger-than-expected rise in the central bank’s preferred inflation gauge shows the need to keep raising interest rates, but stopped short of suggesting this warranted a step-up to a half-point hike next month. “The inflation readings are still not where we need them to be,” she told Bloomberg News
The financial pain of shelling out sky-high rent is a reality for many, with median prices in some U.S. metro areas at nearly $3,000 a month. Yet, in certain metros among the country’s 50 largest markets, renters can still find relative affordability, according to a Realtor.com Monthly Rental Report. Oklahoma City is the only metro
The financial pain of shelling out sky-high rent is a reality for many, with median prices in some U.S. metro areas at nearly $3,000 a month. Yet, in certain metros among the country’s 50 largest markets, renters can still find relative affordability, according to a Realtor.com Monthly Rental Report. Oklahoma City is the only metro
Who takes the cake as the prime mover of the crypto and blockchain sector for 2023? The answer is more of a “what” than a “who.” Good Ol‘ Bitcoin, the industry’s pioneer cryptocurrency, sits atop the list as the most impactful player in the space on the Cointelegraph Top 100. Bitcoin (BTC) was created following
Getty Images I was recently at an ETF conference in Miami Beach, and one night a few of us noticed that Bruce Springsteen was playing up the road in Hollywood. We kicked around the idea of going, until someone said that ticket prices were likely $1,000 and up for the sold-out event. We went out
The writer is an FT contributing editor and writes the Chartbook newsletter In the first 12 months of the war in Ukraine, the condemnation of Russia and rhetorical backing of Kyiv by the governments of Europe and the US has been intense and largely unanimous. But the economic numbers tell a different story. Judged against
Ukraine’s western allies have unveiled a swath of new sanctions targeting Russia’s military, industrial capacity and financial sector as they vow to increase pressure on Vladimir Putin. As Ukraine marked the first anniversary of the invasion on Friday, the UK and US announced new measures against hundreds of groups and individuals including Russian banks and
Students and academics at Oxford university have called for a sweeping review of policies around its relationship with donors, following revelations that the elite institution courted the Sackler family even after others cut ties. A Financial Times investigation on Monday showed that over the past two years Oxford extended exclusive invitations to a Sackler family
The International Monetary Fund (IMF) recently made another anti-crypto move, opposing crypto becoming a legal tender. In response, crypto community members quickly fired back and expressed disagreement on Twitter. The IMF’s executive board recently endorsed a crypto asset policy framework that did not grant crypto assets an official currency or legal tender status. The executives
In this article EOG ADBE SG CVNA ADSK WBD BA MELI SQ BYND Follow your favorite stocksCREATE FREE ACCOUNT Beyond Meat “Beyond Burger” patties made from plant-based substitutes for meat products sit on a shelf for sale in New York City. Angela Weiss | AFP | Getty Images Check out the companies making headlines before
Bitcoin fell back below $24,000 on Feb. 24, as markets anticipated the release of the upcoming consumer sentiment figures from the United States. The report from the University of Michigan is expected to show an increase in confidence, despite current inflationary pressures. Ethereum marginally retreated from Thursday’s high. Bitcoin Bitcoin (BTC) was once again trading
Today I’m going to share with you how to create a 0-DTE butterfly options strategy to grow a small account. I’m going to show you how you can setup this type of trades in a recurring way, so that you can do shorter duration trades, which are riskier but at the same time allow you
More than a year after it launched its central bank digital currency with partner Bitt Inc, the Central Bank of Nigeria is reportedly seeking a new technology partner. The new partner is expected to help the central bank implement a system which gives it greater control of the digital currency. One expert said the central
US stock futures dropped on Friday after the Federal Reserve’s preferred measure of inflation came in higher than expected, the latest in a run of hotter-than-expected economic data that has fuelled expectations of further interest rate rises from the central bank. S&P 500 futures fell 1.4 per cent while Nasdaq 100 futures were 1.7 per