Elon Musk Predicts the Death of Money, Suggests Energy-Based Bitcoin Will Survive
Elon Musk painted a future where money fades from everyday life, while energy-based value takes its place as the key measure of wealth and power.Speaking...
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Bank of England to Stop Rate Cuts at 3.5%, OECD Predicts – Bloomberg
The Bank of England will cut interest rates twice more to 3.5% by June before monetary easing ends, the Organisation for Economic Cooperation and Development...
BOE Warns of Rising Gilt Risk From Hedge Funds’ Basis Trades – Bloomberg
The Bank of England warned about growing risks from a profitable fixed-income hedge fund strategy known as the basis trade, calling on market participants to...
American consumers are miserable. But they keep spending – The Economist
This weekend America will once again be plunged into a frenzy of consumerism as retailers bombard shoppers with “Black Friday” and “Cyber Monday” sales. Even more...
Growth to Slow as Tariffs Bite, but AI Investments May Cushion the Blow – WSJ
The U.S. and global economies are set to slow next year as higher tariffs take full effect, but could grow more strongly than expected if...
Lessons from the frontiers of AI adoption – The Economist
It is becoming ever more common for bosses to talk up their artificial-intelligence efforts while wielding the axe. Last month Enrique Lores, chief executive of...
7 Best Cryptocurrency ETFs to Buy – U.S.News
As of Nov. 25, the performance of Bitcoin (BTC) was firmly negative year to date. The cryptocurrency had fallen 30% from its recent high of...
U.S. Manufacturing Contracts for Ninth Straight Month – WSJ
U.S. manufacturing activity contracted for the ninth consecutive month in November, a decline manufacturers attribute largely to President Trump’s tariffs. The Institute for Supply Management’s...
Why worries about American job losses are overstated – The Economist
Everyone is gloomy about America’s jobs market. Investors talk of a “K-shaped” economy, in which growth is buoyed by an exuberant stockmarket and artificial-intelligence investment,...
Where Do Fed Voters Stand on a December Rate Cut? – WSJ
The coming interest-rate decision by the Federal Reserve could be an unusually close call. Here’s a breakdown of the stance of the 12 policymakers who...