Buck Bully
[CNBC, Getty Images] From Starbucks to Lamborghinis, consumers are using cryptocurrency to pay for a variety of goods — and retailers are taking notice. Nearly 75% of retailers plan to accept either cryptocurrency or stablecoin payments within the next two years, according to a June survey conducted by Deloitte titled “Merchants getting ready for […]
[Business Insider] Now they’ve been fined $37.5 million plus interest on unlawfully collected fees. U.S. Bank was fined for using customer data to open sham accounts and new lines of credit without permission. Employees were pressured to access customer credit reports and open new accounts to inflate sales numbers. The […]
[MarketWatch As the Federal Reserve raised its benchmark interest rate for the fourth time this year on Wednesday to cool off inflation, I caught up with Ben McMillan, founder and chief investment officer at IDX Digital Assets, to chat about the recent status of the crypto market. Crypto in a snap […]
[Reuters, Getty Images] The dollar pared gains on Thursday after data showed that the U.S. economy contracted again in the second quarter, fueling speculation that the Federal Reserve will not raise rates as high as previously expected. Gross domestic product fell at a 0.9% annualized rate last quarter, the Commerce […]
[Fortune] Trading will “continue to be range-bound, perhaps at a slightly higher range,” Michael Safai of Dexterity Capital tells Fortune of the Bitcoin, Ether price movement. The cryptocurrency market jumped on Thursday following news that the U.S. economy shrank for the second straight quarter. Bitcoin is trending upward, currently […]
[Fortune, Solana Spaces] In the expansive world of Web3, there isn’t much use for anything IRL, right? Wrong. Just ask the team behind Solana, which is opening a permanent physical retail space dedicated to all things tied to its cryptocurrency. Located at The Shops, a fancier-than-average mall at Hudson Yards in […]
[CNBC] KEY POINTS Morgan Stanley’s Mike Wilson believes stocks are on a collision course with more pain due to the economic slowdown. The firm’s chief U.S. equity strategist and chief investment officer said on CNBC’s “Fast Money” that investors should resist putting their money to work in stocks despite the […]
[Fortune] Last week, Florida Gov. Ron DeSantis announced that low-income families in the state will receive checks worth $450 per child, in an effort to ease the toll decades-high inflation is taking on household bottom lines. Florida joins more than a dozen other states that have implemented some type of relief […]
[CNN, Lucapa Diamond Company] At 170 carats, this may be the largest pink diamond found in 300 years A170-carat pink diamond discovered in Angola may be the largest such gemstone found in 300 years, according to Australian miner Lucapa Diamond Company. Named the “Lulo Rose,” the diamond was found at […]
[CNN] Ex-treasury secretary, Larry Summers, says “It’s a great likelihood that we will have a recession.” Is the United States heading for a recession? Or is the economy already in one? It — almost — doesn’t matter. For many Americans, it already feels like a recession. Soaring prices for, well, just about everything, make it tougher […]