Surging equity valuations have swelled billionaires’ fortunes and minted plenty more. That has powered a rather potent backlash.On Inside Economics we discuss whether we should we fear and loathe the ultra-rich, or if the data tell a different story https://t.co/OH6KXn4pRT ...

Fed Holds Rates at 3.50%–3.75% as Three Officials Favor a 25-Basis-Point HikeThe Federal Reserve voted 9–3 to leave the federal funds rate target range unchanged at 3.50%–3.75%. The FOMC said economic activity is expanding at a solid pace, while inflation remains elevated relative to its 2% goal. Beth Hammack, Neel Kashkari, and Lorie Logan dissented, favoring a 25-basis-point increase. ...

RT Bloomberg Opinion (@opinion)@JonathanJLevin @AllisonSchrager @BobOnMarkets "How do you think the Fed's circumstances differ from those faced by the European Central Bank and the BOE?" @JonathanJLevin asks.WATCH LIVE: https://t.co/BVqXpelKFa ...

LATEST: 🇺🇸 The Solana Policy Institute is urging the Senate to vote on the CLARITY Act before its Aug. 7 recess. https://t.co/06mOidLRZr ...

Elon Musk: Tesla’s Secret AI Chip Factory Could Change EverythingThat said, we expect to announce their location soon and provide more details about our plans in that regard, but we'll leave that to the product launch announcement.Rather than trying to squeeze it into an earnings call, I think this is a very big announcement and deserves to have its own spotlight, instead of being squeezed into an earnings call.But I do think this is going to be an amazing initiative, and a necessary one. Without it, we wil ...

RT Bloomberg Opinion (@opinion)@JonathanJLevin @AllisonSchrager @BobOnMarkets "We look to the Fed to be wise, not to be wrong," @AllisonSchrager says. "Do we need to know that the Fed knows as little as the rest of us?"WATCH LIVE: https://t.co/BVqXpelKFa ...

Market Trends and Industry Dynamics - Technology companies are advancing toward trillion-dollar spending levels on artificial intelligence [1] - The credit markets are exhibiting signs of operational pressure due to rising AI investments [1] Investment Opportunities and Risks - Financing costs for artificial intelligence development are experiencing an upward trend [1] - Market adjustments are providing early indicators to identify potential industry winners and losers [1]

What’s your favorite way to brew? https://t.co/1xI70SDXRV ...

Injective ships IIP-677 interoperability upgrade@injective confirmed the IIP-677 mainnet upgrade is complete, taking the chain to v1.20.3. The release is interoperability-focused, widening what the network can connect to, with new integrations, launches and markets flagged to follow.It closes the busiest ten days Injective has had this year: Coinbase's native injective-protocol:native migration, the launch of Injective Mint for issuing compliant tokenized equities and bonds, an SEC transfer agent filing and ...

RT Bloomberg Opinion (@opinion)@JonathanJLevin @AllisonSchrager "Volatility is not just a market phenomenon, it could be a real economy phenomenon," @BobOnMarkets says.WATCH LIVE: https://t.co/BVqXpelKFa ...