Bitcoin’s price took a hit recently, dropping to around $57,000 per coin as a direct response to the U.S. Federal Reserve’s release of minutes from its June meeting. The news indicated that the central bank is not yet ready to cut interest rates, leading to a lack of investor confidence in the cryptocurrency market. The
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Hurricane Beryl has carved a path of unprecedented destruction in the Caribbean, being declared the strongest-ever hurricane in July. The tropical cyclone has broken records left and right, pointing to the alarming effects of climate change. In a region already vulnerable to extreme weather events, the intensity and early arrival of Beryl serve as another
Federal Reserve Chair Jerome Powell recently discussed the progress made on inflation over the past year during a central banking forum in Sintra, Portugal. He expressed satisfaction with the current situation and mentioned that inflation is gradually moving back down to the target of 2%. Powell highlighted the importance of ensuring that inflation is sustainably
Meta, the parent company of Facebook, has come under fire from EU regulators who have accused the tech giant of failing to comply with the bloc’s antitrust rules regarding its new ad-supported subscription model. The European Commission has labeled Meta’s subscription option as a “pay or consent” model, forcing users to either pay for an
The French political landscape is currently abuzz with anticipation as voters prepare to head to the polls for the first round of a snap parliamentary election. President Emmanuel Macron’s decision to call for this election after his Renaissance party suffered a defeat in the European Parliament elections has caught many by surprise. Macron’s motivation behind