Crypto has been hot over the past few months on the back of hope that the Trump administration would ease regulations on the industry and give clarity to developers and entrepreneurs on the Blockchain. According to data provided by S&P Global Market Intelligence, Polkadot (CRYPTO: DOT) has fallen 21.6% over the past week as of 1:30 p.m. ET Friday, Avalanche (CRYPTO: AVAX) is off 23.3%, Internet Computer (CRYPTO: ICP) is down 22%, and Near Protocol (CRYPTO: NEAR) is off 24.2%.
US drillers keep oil and natgas rigs unchanged for second week - Baker Hughes
(Reuters) -U.S. energy firms this week kept the number of oil and natural gas rigs unchanged for the second week in a row, energy services firm Baker Hughes said in its closely followed report on Friday. Baker Hughes said that puts the total rig count down 31 rigs, or 5% below this time last year. Baker Hughes said oil rigs were up one to 483 while natural gas rigs were down one to 102.
El Salvador Buys Bitcoin Dip, Scoops $1 Million Worth Of BTC A Day After IMF Urges Scaling Back
El Salvador made full use of the market drop Thursday by buying as many as 11 Bitcoins (CRYPTO: BTC), worth over a million dollars, for its reserve. What happened: According to the National Bitcoin Office, an agency tasked by President Nayib Bukele to ...
Stocks suffer as Trump calls for US shutdown to ‘begin now’
Donald Trump triggered a turbulent end to the week as stocks plunged after he called for a US government shutdown to “begin now” under Biden, rather than under his administration.
FedEx Spins Off Trucking Unit to ‘Play Offense’ in LTL Market
The logistics giant hopes to unlock more value in making FedEx Freight a standalone public company, all while competing for more volume.
Cryptocurrencies Bitcoin, XRP, and Shiba Inu Are Rebounding After the Fed's Hawkish Pivot
Cryptocurrencies rebounded this morning after sustaining heavy losses this week following the Federal Reserve's final meeting of the year on Wednesday. The meeting included a cut of 25 basis points in interest rates and more hawkish rhetoric from Fed chair Jerome Powell that seemed to catch investors off guard. Bitcoin (CRYPTO: BTC), a bellwether for the sector, had fallen as much as 10% yesterday but was only down less than 1% from late afternoon yesterday.
Agents of Evolution: Crypto’s Next Act
On-chain agents combine the best features of memecoins and NFTs into a new asset class that will change the way people use their crypto.
Upstream jobs in Texas oil slipped in Nov, industry group says
Upstream oil companies wound down hiring in November, the Texas Independent Producers and Royalty Owners Association (TIPRO) said on Friday, ending five straight months of job growth. Hiring in the upstream sector, which includes activities related to drilling and producing oil, can serve as an indicator of the health of the oil and gas industry. TIPRO represents nearly 3,000 independent producers and royalty owners across Texas, home to the prolific Permian Basin which accounts for just under half of total U.S. crude production, according to the Energy Information Administration.
Gold Advances as US Inflation Data Reaffirms Rate Cut Path
(Bloomberg) -- Gold climbed after the Federal Reserve’s favored US inflation gauge provided reassurance for policymakers looking to continue lowering borrowing costs in 2025.Most Read from BloombergNew York City’s Historic Preservation Movement Is Having a Midlife CrisisThe Architects Who Built MiamiReviving a Little-Known Modernist Landmark in BuffaloNYPD Car Chases Are Becoming More Frequent — and More DangerousDakar’s Air Quality Plummets as Saharan Dust Descends on SenegalThe US central bank
Fed rate cut dissenter Beth Hammack says 'there is more work to do on inflation'
The lone dissenter to the Federal Reserve’s rate cut this week said she voted against the move because "there is more work to do on inflation," noting that she preferred to pause given the strength of the US economy.