Rebecca Grant, senior fellow and vice president for defense programs at the Lexington Institute, said that the US is better positioned to take over Kharg Island than it was at the start of the war and that it is 'very doable' for the forces central command has in the region. Grant said that because the US has air dominance in the region and controls all of the ways of approach, there would not nee...
Rebecca Grant, senior fellow and vice president for defense programs at the Lexington Institute, said that the US is better positioned to take over Kharg Island than it was at the start of the war and that it is 'very doable' for the forces central command has in the region. Grant said that because the US has air dominance in the region and controls all of the ways of approach, there would not need to be a big American troop presence on the island itself. (Source: Bloomberg)
Bitcoin (CRYPTO: BTC) briefly sank below $60,000 on June 5 as the crypto market entered extreme fear territory. Strategy , formerly known as MicroStrategy and a major corporate buyer of the coin, just made its first net sale of coins since 2022. If you're reaching for the sell button, you have plenty of company at the moment. But in terms of Bitcoin's seasonality, its performance in July has had a...
Bitcoin (CRYPTO: BTC) briefly sank below $60,000 on June 5 as the crypto market entered extreme fear territory. Strategy , formerly known as MicroStrategy and a major corporate buyer of the coin, just made its first net sale of coins since 2022. If you're reaching for the sell button, you have plenty of company at the moment. But in terms of Bitcoin's seasonality, its performance in July has had a couple of wrinkles that might shift your reading of the present moment. Let's take a look at the data. Continue reading
XRP (CRYPTO: XRP) , the native cryptocurrency of the XRP Ledger, soared to a multi-year high last year after the SEC's lawsuit against Ripple ended. Back in 2020, the SEC sued the fintech company, whose founders created XRP, for selling its own tokens to fund the company's expansion. That lawsuit drove the top crypto exchanges to delist XRP. When that lawsuit finally ended -- with a lighter-than-e...
XRP (CRYPTO: XRP) , the native cryptocurrency of the XRP Ledger, soared to a multi-year high last year after the SEC's lawsuit against Ripple ended. Back in 2020, the SEC sued the fintech company, whose founders created XRP, for selling its own tokens to fund the company's expansion. That lawsuit drove the top crypto exchanges to delist XRP. When that lawsuit finally ended -- with a lighter-than-expected fine for Ripple and a ruling that XRP wasn't an unlicensed security when sold to retail investors -- the token's price surged. The SEC's approvals of XRP's first spot price ETFs amplified those gains. Image source: Getty Images. Continue reading
Andrii Yalanskyi/iStock via Getty Images State investment officials from several large public pension systems are pressing major index providers to justify recent rule changes that could accelerate the inclusion of newly public companies such as SpaceX ( SPCX ) in widely followed benchmarks, Reuters reported Thursday, citing document reviews. Officials overseeing retirement assets in New York, Ill...
Andrii Yalanskyi/iStock via Getty Images State investment officials from several large public pension systems are pressing major index providers to justify recent rule changes that could accelerate the inclusion of newly public companies such as SpaceX ( SPCX ) in widely followed benchmarks, Reuters reported Thursday, citing document reviews. Officials overseeing retirement assets in New York, Illinois, Maryland and Oregon have asked Nasdaq and FTSE Russell to explain methodology updates that lowered certain barriers for large initial public offerings. The officials also urged the firms to suspend the changes unless they have conducted formal reviews of the potential impact on investors. The concerns center on SpaceX's ( SPCX ) upcoming $75 billion IPO, which is expected to become the largest public offering on record. State officials warned that the company's massive valuation and concentrated governance structure could expose index investors to heightened volatility and other risks if passive funds are required to purchase shares shortly after the listing. In a letter to FTSE Russell and its parent company, London Stock Exchange Group, the officials argued that index providers should prioritize the interests of passive investors rather than accommodating the needs of listing companies and their underwriting banks. They also warned that the precedent could extend beyond SpaceX to future high-profile listings from companies such as OpenAI and Anthropic. The letter was signed by New York State Comptroller Thomas DiNapoli, New York City Comptroller Mark Levine, Illinois State Treasurer Michael Frerichs and Maryland Comptroller Brooke Lierman, all of whom oversee public retirement assets that could become automatic buyers of SpaceX shares through index funds. LSEG declined to comment. A separate letter sent to Nasdaq by Frerichs, Lierman and Oregon Treasurer Elizabeth Steiner raised similar questions, Reuters reported. The group requested that Nasdaq delay implementati...
bo feng/iStock via Getty Images By Bryan Cutsinger Core inflation remained relatively subdued, but headline shocks, strong demand, and a tight labor market complicate the outlook for monetary policy. Inflation remained elevated in May, the Bureau of Labor Statistics (BLS) reported yesterday . The Consumer Price Index (CPI) rose 0.5 percent last month, down slightly from 0.6 percent in April. But o...
bo feng/iStock via Getty Images By Bryan Cutsinger Core inflation remained relatively subdued, but headline shocks, strong demand, and a tight labor market complicate the outlook for monetary policy. Inflation remained elevated in May, the Bureau of Labor Statistics (BLS) reported yesterday . The Consumer Price Index (CPI) rose 0.5 percent last month, down slightly from 0.6 percent in April. But on a year-over-year basis, headline inflation climbed again, rising to 4.2 percent from 3.8 percent — the fourth straight monthly increase in the annual rate and the highest reading in more than a year. Core inflation told a more reassuring story. Excluding volatile food and energy prices, CPI rose just 0.2 percent in May, half the 0.4 percent pace recorded in April. On a year-over-year basis, core inflation ticked up only slightly, to 2.9 percent from 2.8 percent. As in March and April, the gap between headline and core inflation came down to energy. The energy index rose 3.9 percent in May — after climbing 3.8 percent in April and 10.9 percent in March — and, according to the BLS, “accounted for over sixty percent of the monthly all items increase.” Gasoline prices rose 7.0 percent over the month and are now up 40.5 percent over the past year, while the broader energy index is up 23.5 percent, reflecting the cumulative effect of the oil shock tied to the conflict involving Iran and the disruption to shipping through the Strait of Hormuz. Outside of energy, the monthly gains were comparatively muted. Shelter, which accounts for about one-third of the index, rose 0.3 percent in May and is up 3.4 percent over the past year, while food prices rose 0.2 percent over the month and 3.1 percent over the year. Ten years of Consumer Price Index for All Urban Consumers (blue) and CPI less food and energy (red). Bureau of Labor Statistics via FRED. Within the core, the big moves largely canceled out. Airline fares jumped 2.7 percent in May and are up 26.7 percent over the past year, wh...
Smart weather-monitoring device vendor AcuRite has delayed plans to force users onto a new companion app. The transition from My AcuRite to AcuRite NOW, which AcuRite previously set for May 30, “has raised serious questions and concerns among many long-time users,” AcuRite’s VP of product development, Jeff Bovee, told Ars Technica. AcuRite, whose devices include weather stations, rain gauges, and ...
Smart weather-monitoring device vendor AcuRite has delayed plans to force users onto a new companion app. The transition from My AcuRite to AcuRite NOW, which AcuRite previously set for May 30, “has raised serious questions and concerns among many long-time users,” AcuRite’s VP of product development, Jeff Bovee, told Ars Technica. AcuRite, whose devices include weather stations, rain gauges, and indoor thermometers, told customers that it would shut down My AcuRite at the end of May. Devices owners would have to use AcuRite NOW, an iOS and Android app launched in June 2025, to control their gadgets instead. Some long-time users lamented being forced to new software when the current software worked fine, if not better, than the new app. When Ars first reported on AcuRite in May, AcuRite NOW lacked some features of My AcuRite, including the ability to rename multiple temperature sensors, report temperatures in non-integers, as well as an online dashboard option. Users have also highlighted problems uploading data to weather sites and a poor layout with wasted space. Read full article Comments
Bloomberg Tech 2026 took place in San Francisco bringing together the leading CEOs, investors and innovators who are harnessing technology to change the world around us. The summit opened with a look at the state of the industry and AI. (Source: Bloomberg)
Bloomberg Tech 2026 took place in San Francisco bringing together the leading CEOs, investors and innovators who are harnessing technology to change the world around us. The summit opened with a look at the state of the industry and AI. (Source: Bloomberg)