The latest MinerMag report shows a slowdown in Bitcoin hashrate growth amid shifting market conditions.
Bitcoin Hashrate Growth Slows Amid Tough Market Conditions for Smaller Miners
The latest MinerMag report shows a slowdown in Bitcoin hashrate growth amid shifting market conditions.
Sentinel Midstream eyes final investment decision for US oil export project
Oil transportation and storage company Sentinel Midstream expects to make a final investment decision on its deepwater oil export project off the Texas coast as soon as it receives a U.S. government license, CEO Jeff Ballard told Reuters. The move comes as U.S. President Donald Trump pushes for faster approvals of projects that will help bolster the U.S. energy industry, including fossil fuel production. As part of that push, Sentinel's Texas GulfLink project was issued a record of decision, a major step in the permitting process, on Friday by the Trump administration.
Fed's Goolsbee says PCE inflation reading unlikely to be as 'sobering' as CPI
Last week, the Labor Department reported a larger-than-expected 0.5% month-over-month increase in CPI for January. The comparable Personal Consumption Expenditures Price Index the Fed uses for its 2% inflation target is due to be released next week, and most economists estimate it will show less of an increase than reflected in the CPI. "The CPI number was not great," Goolsbee said at a Chamber of Commerce event in Chicago.
Walmart CFO defends conservative guidance as Wall Street stays bullish on the stock despite plunge
Walmart's CFO is looking to assuage fear among investors that 2025 won't be as strong as in recent years.
What the memecoin bubble bursting means for crypto
Travis Kling explains why the crypto world is turning on what he now calls the 'dumpster fire' of memecoins
Ex-Gunvor Manager Convicted of Bribery Over Oil Deals
(Bloomberg) -- A former manager at Gunvor Group was found guilty by a Swiss court of bribing public officials to secure oil contracts in Africa, a second win in less than a month for Swiss prosecutors cracking down on corruption in the commodity-trading industry. Most Read from BloombergTrump to Halt NY Congestion Pricing by Terminating ApprovalAirbnb Billionaire Offers Pre-Fab Homes for LA Fire VictimsSorry, Kids: Disney’s New York Headquarters Is for Grown-UpsChild Migrant Watchdog Gutted in D
Energy stocks outperform so far this year as natural gas prices soar
Energy is one of the top performers year to date. The driver is natural gas prices.
Fed's Musalem flags risk of rising inflation expectations
(Reuters) -St. Louis Federal Reserve President Alberto Musalem on Thursday raised the twin risks of rising inflation expectations and a labor market that weakens alongside rising prices, in remarks that highlighted the potentially difficult choices facing the U.S. central bank. While many of his colleagues say they regard inflation expectations as anchored, Musalem said he was concerned recent data showed they may be rising - a development that might force the Fed onto a more restrictive path. "In the current environment, the stakes are higher than they would be if inflation was at or below target," Musalem said in a speech given before the Economic Club of New York.
The stock market's overconfidence is setting it up for a dangerous fall
From Trump tariffs to AI overconfidence, investors are ignoring a lot of worries right now. That could be a dangerous sign for the stock market.