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JPMorgan Forecasts Potential 50bps Rate Cut in November Following Recent Fed Move
21.9.2024
JPMorgan Chase sees the possibility of the Federal Reserve making another significant rate cut in November, possibly by 50 basis points. The bank, which predicted this week’s half-point cut, believes further reductions are likely if the job market weakens. While some other Wall Street firms...
Seattle Airport Hit by $6M Bitcoin Ransom Demand After Cyberattack
20.9.2024
Hackers have targeted Seattle-Tacoma International Airport with a ransomware attack, demanding 100 bitcoins to buy the data back. Although the airport managed to fend off most of the damage, the attackers encrypted some data and posted stolen files on the dark web. Now, the Federal Bureau...
Iranian Hackers, Labor Unions, Bombscare And ‘Crypto Burgers’ Are Reshaping U.S. Election 2024
19.9.2024
The U.S. elections are less than two months away and it seems voters are not the only ones…
Final Fantasy 16's Producer Says Please Don't Make 'Inappropriate' Mods
16.9.2024
On September 17, the previously PS5-exclusive RPG Final Fantasy 16 finally arrives on PC. Of course, that means that people will start to mod the game, adding or tweaking content. But if you are one of those modders, please know that the game’s producer doesn’t want any naughty stuff, okay?Read more
US Treasury Sanctions Cambodian Tycoon Over Crypto Fraud and Trafficking Links
13.9.2024
The U.S. Department of the Treasury has imposed sanctions on Cambodian tycoon Ly Yong Phat and his businesses, linking them to human trafficking and forced labor scams involving cryptocurrency fraud. Victims were manipulated into online scam centers, and trafficked workers were forced into labor...
Rising Yield Curve and Jobs Miss Add to Economic Jitters, Stocks and Bitcoin Slide
6.9.2024
Equities kicked off Friday on a quiet note, with little movement as the latest U.S. labor market report unveiled a softer-than-anticipated addition of 142,000 jobs for August. The data only adds to growing recession concerns, layering on top of several earlier signs hinting at an economic slowdown....
Everything New In Baldur’s Gate 3’s Seventh Big Patch
5.9.2024
After months of teases, Baldur’s Gate 3’s seventh big patch is finally live. As developer Larian Studios already announced, it brings expanded endings to the evil routes, official mod support, and some tweaks to party member interactions. However, the patch is only available on PC for the moment...
Everything New In Baldur’s Gate 3’s Seventh Big Patch
5.9.2024
After months of teases, Baldur’s Gate 3’s seventh big patch is finally live. As developer Larian Studios already announced, it brings expanded endings to the evil routes, official mod support, and some tweaks to party member interactions. However, the patch is only available on PC for the moment...
Kotaku’s Weekend Guide: 5 Games To Enjoy This Labor Day
30.8.2024
It’s a three-day weekend! It’s Labor Day on Monday. You’d totally forgotten, but don’t worry, we’ve got you. So, unless your free time will be spent with the awful obligations of hanging with friends and family, what games will you fill it all with? And don’t all say Star Wars Outlaws. Even if it’s...
Fed Chair Powell Signals Confidence in Inflation Control, Hints at Rate Cuts
23.8.2024
Federal Reserve Chair Jerome Powell expressed confidence in the central bank’s progress in reducing inflation, suggesting that rate cuts may be on the horizon. Speaking at the Jackson Hole economic symposium, Powell emphasized the Fed’s commitment to achieving its 2% inflation target...
US Payrolls Revised Down by 818,000, Largest in 15 Years: QCP Capital Analyzes Impact on Markets
22.8.2024
QCP Capital reports that the largest downward revision to U.S. payrolls in 15 years has raised concerns over the strength of the labor market. The report suggests that these revisions could influence the Federal Reserve’s decisions on interest rates. QCP Capital: U.S. Payroll Revision...
Bitcoin Bear Trap? Goldman Says Wednesday's U.S. Jobs Report is Likely to Overstate Weakness
21.8.2024
On Wednesday, the Bureau of Labor statistics will publish a preliminary estimate of the benchmark revision to the level of monthly nonfarm payrolls (jobs report) from April 2023 to March 2024
Claudia Sahm Warns Fed: Delayed Rate Cuts Could Spur Unnecessary Recession
15.8.2024
In a detailed discussion with Kitco News, Claudia Sahm, founder of Sahm Consulting and chief economist at New Century Advisors, shared her insights on the U.S. economy. Despite rising recession concerns, Sahm emphasized that the current labor market still shows strength, suggesting the economy...
Here's What The Video Game Actors Strike Might Mean For Fortnite And Other Games
1.8.2024
Thousands of video game actors went on strike on July 26 for the first time since 2017. The fight is over AI protections and other issues in contract negotiations with some of the biggest studios and publishers, and will halt work from SAG-AFTRA members on future projects, as well as possibly keep...
Hollywood video game performers go on strike, citing AI ‘abuse’
26.7.2024
The American labor union has been trying for 18 months to get a clause preventing publishers from making AI-generated versions of their actors’ work without their consent
Fallout And Starfield Maker Bethesda Game Studios Is Unionizing
22.7.2024
Bethesda Game Studios is known for making some of the biggest open-world RPGs in gaming like Fallout 3 and Skyrim. Now it will also be known for being the first major studio in the U.S. to unionize across all of its teams. Read more
Fed Might Focus on Weakening Labor Market Rather Than Inflation as It Mulls Rate Cuts: Economists
12.7.2024
A weakening labor market could persuade the Fed to cut rates even as inflation is not yet back to the Fed's 2% goal
Chicken Soup For The Soul Kills Redbox
11.7.2024
Redbox is not long for this world. The DVD rental service’s parent company—Chicken Soup for the Soul Entertainment—has shifted its bankruptcy filing from Chapter 11 to Chapter 7 and is liquidating its businesses and assets.Read more
US Inflation Eases With 0.1% Drop in June; Biden Faces Gas Reserve Accusations
11.7.2024
The U.S. consumer price index (CPI) fell by 0.1% in June. The decline, primarily due to reduced gasoline prices, brought the annual inflation rate to its lowest in over three years. This news comes after U.S. President Joe Biden was accused of tapping into gasoline reserves ahead of the election...
How US job market slump could boost Bitcoin prices
5.7.2024
Bitcoin could rise due to a weaker job market, but Bitcoin ETFs are on track to their third consecutive week of net negative outflows