News

As the trading day progresses, US equity futures continue to climb, pushing the Dow toward its eighth consecutive session gain. This optimistic trend is attributed to declining Treasury yields in light of expectations for an autumn Fed rate cut. Stocks closed higher on Thursday as well, with the S&P 500 now just under 1%…

According to recent reports, it appears that the European Central Bank (ECB) is preparing to cut interest rates in June. This decision was reached during the ECB’s April meeting, where members concluded that they would likely be in a position to make such a move due to anticipated inflation levels. However, the ECB has…

In the rapidly evolving world of Web3 and digital finance, the adoption of cryptocurrency and the use cases for smart contracts have gone beyond Satoshi Nakamoto’s initial vision of “peer-to-peer electronic cash.” These technologies now serve various purposes, including facilitating human coordination, memes, institutional-grade financial products, and yacht clubs, among others. While these use…

According to recent estimates presented at New York Sugar Week, Brazil is poised to have its second-largest sugar crop on record due to favorable weather and an expanded cane area. This follows last year’s struggles caused by logjams at Brazilian ports that led to steep price increases. While India, the world’s second-largest sugar producer,…

Drift, a Solana-based decentralized exchange (DEX), is set to launch its DRIFT governance token through an airdrop to its users in the coming weeks, according to information on its website and sources close to the matter. The new token follows a three-month points program that attracted traders, borrowers, lenders, and airdrop farmers to Drift,…

The article discusses the controversy surrounding the EigenLayer airdrop, which has left some investors disappointed. EigenLayer, a restaking platform on Ethereum, gained $16 billion worth of cryptocurrency deposits before its official launch last month, despite having limited functionality at the time. The main incentive for depositing into the platform was points, which were intended…

According to recent developments, climate negotiations between the United States and China have resulted in agreements to phase out coal consumption and increase the deployment of renewable energy sources. These discussions, which involved high-ranking officials from both nations, covered a range of topics related to addressing climate change, including strategies to reduce methane emissions…

During her upcoming trip, scheduled for next week, the United States Energy Secretary, Jennifer Granholm, will visit both Saudi Arabia and the United Arab Emirates. The aim of her travels is to advance efforts related to climate change and other important matters. According to an administration official, this visit is simply a continuation of…

According to the International Monetary Fund (IMF), downside risks for Pakistan’s economy remain exceptionally high, as stated in their staff report published on May 10 before they commence negotiations for a longer-term program. An IMF delegation is set to visit Pakistan this month before the government begins its annual budget-making process for the upcoming…

Honda Motor Co., Japan’s second-largest automaker, anticipates another year of record profit due to robust demand for hybrid vehicles in the US and two-wheelers in Asia. For the current fiscal year ending in March 2025, Honda predicts an operating profit of ¥1.42 trillion ($9.1 billion), close to analysts’ projections of ¥1.43 trillion and surpassing…