Bitcoin’s price dropped to $114,013 on Friday, causing over $200 million in liquidations of leveraged bullish positions. The decline has investors losing confidence after three straight weeks of failing to hold prices above $120,000. However, the current 6% premium for monthly futures is the lowest in four weeks, indicating weaker demand for leveraged bullish positions. … Read more
The global AI rivalry between the US and China has reached a critical juncture, with both nations investing heavily in artificial intelligence. While they appear to be pursuing different goals, experts warn of a dangerous game where either side’s advantage could lead to unpredictable consequences. US President-elect Donald Trump was told by OpenAI CEO Sam … Read more
NY Fed President John Williams shared his views on the labor market, inflation, and interest rates in a recent interview with Wall Street Journal reporter Nick Timiraos. The transcript of their conversation reveals Williams’ stance on resuming rate normalization. According to Williams, if data over the next two months aligns with recent trends, indicating some … Read more
Atlassian has laid off 150 employees through a pre-recorded video message from CEO Mike Cannon-Brookes. The move has sparked criticism over its impersonal approach, particularly given the company’s values of direct communication and transparency. The restructuring affects Atlassian’s customer support and services team, with many roles to be replaced by artificial intelligence systems. The video … Read more
Orlando Bloom has spoken out about a satirical post suggesting he was on a date with former German Chancellor Angela Merkel, amid rumors that his ex-partner Katy Perry is secretly seeing Canadian Prime Minister Justin Trudeau. The British actor’s reaction comes as speculation swirls around the alleged romance between Perry and Trudeau. However, it appears … Read more
US President Donald Trump’s latest trade deal with Japan, the EU, and South Korea has hit America’s biggest carmaker, Ford, hard. The Detroit-based company assembles 80% of its US-sold vehicles domestically but still relies on imported parts and aluminum, which now face punishing duties. The new tariffs will make it difficult for Ford to compete, … Read more
Joe Toppe is the managing editor of PropertyCasualty360.com, a leading publication covering the property and casualty insurance industry. In his personal life, he is also a devoted father of three and an avid baseball enthusiast, as well as an accomplished author. Source: https://www.propertycasualty360.com/2025/07/31/top-us-cities-for-job-seekers-in-2025
US President Donald Trump has signed the One Big Beautiful Bill Act, which significantly reduces clean energy tax credits under the 2022 Inflation Reduction Act. This move is part of a broader trend in the Trump administration’s lack of interest in addressing climate change. In addition to cutting subsidies for clean energy and manufacturing, the … Read more
Harvard economist Kenneth Rogoff warns that the US’s new cryptocurrency regulations could be used to facilitate global tax evasion and illicit activities, prompting unease among foreign leaders. Source: https://www.washingtonpost.com/opinions/2025/07/31/crypto-tax-evasion-worldwide
The San Francisco 49ers have signed wide receiver Robbie Chosen as the team navigates its depth chart and injuries. This move comes after the 49ers waived Chosen during roster cuts, with him later signing with the Miami Dolphins’ practice squad. However, his stint with the Dolphins was short-lived, and he was released less than a … Read more