News

Despite positive economic indicators, consumer sentiment decreased significantly in May, as reported by the University of Michigan Survey of Consumers. The initial reading for the month stood at 67.4, a significant dip from the previous month’s figure of 77.2, and falling short of analysts’ predictions of 76. This decrease in sentiment could be attributed…

In recent developments within the volatile world of cryptocurrencies, both Bitcoin (BTC) and Ether (ETH) experienced significant fluctuations in value. Initially, they both plunged before subsequently rising by as much as 11% in the previous 24 hours, with Solana’s SOL, Cardano’s ADA, and Binance Coin (BNB) experiencing similar increases. The overall cryptocurrency market cap…

Based on the latest information and expert advice, here’s a rewritten article: NEW YORK (AP) — According to the most recent IRS data, the average taxpayer is receiving a $2,852 refund, which is $75 more than last year. However, financial experts generally advise using this money to pay off debts and save for the…

According to the article, what are some examples of trends that started off as fads but eventually became integrated into our daily lives? Examples of trends that started off as fads but eventually became integrated into our daily lives include AirPods, Uber, and Airbnb. While there were initial doubts and resistance to these concepts,…

The recent crackdown by the Securities and Exchange Commission (SEC) on false claims of using artificial intelligence (AI) by investment advisors and broker dealers highlights the growing issue of AI washing, where companies exaggerate their use of AI to deceive investors and customers. This phenomenon is not limited to the financial sector, as analytics…

Friend.Tech, a social application built on the Base layer-2 network, has recently seen a surge in activity and financial success ahead of the upcoming release of version 2. Over $7 million flowed into Friend.Tech last week, increasing the value locked to almost $40 million, according to data. This marks a significant improvement after months…

Following two consecutive quarters of contraction, the UK economy has emerged from recession, thanks to a stronger-than-anticipated growth of 0.6% during the first quarter of 2024, as revealed by the Office for National Statistics (ONS). This development puts an end to the technically defined recession announced in February. Liz McKeown, Director of Economic Statistics…

Governor Gavin Newsom (D-CA) is set to present his updated budget proposal on Friday, as lawmakers and lobbyists prepare for significant spending cuts to address a deficit of $73 billion. This follows Newsom’s previous decision to reduce one-time funding programs and postpone expenditures by $17.3 billion in April. Unlike the federal government, California law…

In the latest edition of The Protocol, a CoinDesk newsletter focused on blockchain developments, we delve into the emerging trend of node sales, where blockchain projects sell nodes directly to investors in exchange for quick cash and the perceived benefit of easier decentralization. Notably, Sophon, an entertainment-focused blockchain ecosystem based on zkSync technology, recently…

The initial public offering (IPO) of Chinese electric vehicle (EV) maker Zeekr Intelligent Technology is set to debut on the New York Stock Exchange (NYSE) on Friday, marking the first significant US listing by a Chinese company since 2021. The offering indicates strong demand from investors, as Zeekr upsized its IPO, selling 21 million…