Markets
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Europe Has Alternatives to American Software. Nobody Uses Them.
France has a video-conferencing service as capable as Zoom. Almost no one has heard of it. That, not capability, is the problem.
Fed's Hammack: 'Now Is the Time to Act' on Raising Rates
With inflation running near 3%, the Cleveland Fed president says she sees no restriction in policy at all.
Core Prices Rose 3.3% in the Year to July, the Fed's Preferred Gauge Shows
Headline PCE came in at 3.7%, a tenth above consensus. Income and spending both beat expectations.
Virgin Wins Access to HS1, and Eurostar Finally Has a Competitor
Approval to run through the Channel Tunnel from 2030. The question is whether two trains on the same route can be different products.
Heat Bends Rails, Softens Runways and Strands Cargo Ships
Climate change does not disrupt every transport mode the same way — and the worst failures happen when the effects combine.
Britain's Energy Bills Are Staying High, and Nobody Will Say Why
Bills hit a three-year high per unit. The forecasts show them barely moving by 2030 — and the regulator still refuses to publish a medium-term projection.
Crypto Sentiment Flips to 'Extreme Greed' for the First Time Since Late 2024
The Fear and Greed Index printed 81 after sitting at 36 a month ago — a 45-point sprint between extremes that has no precedent in the gauge's history.
Mistral and Saudi-Backed HUMAIN Strike Hundreds-of-Millions Deal for 'Sovereign AI'
The Paris lab will localize its open-weights models on Saudi infrastructure — the latest sign that states now want AI they control, not AI they rent.
StablecoinX Pushes $6.9M of Defaulted SPAC Debt Into Future Equity Instead of Cash
The Ethena-linked treasury company will settle old notes with about $344,000 in cash and warrants for roughly 7.6 million shares — dilution deferred, not avoided.
Bitcoin Has Entered the 'Initial Phase' of a New Bull Market, CryptoQuant Says — With $83K the Line That Matters
The firm's Bull Score jumped from 30 to 80 in a week as spot and futures demand grow together for the first time since October.
Gold Hits a Three-Month High as Bitcoin Tests $80,000 — the Hard-Asset Bid Is Back
Spot gold touched $4,696 and Bitcoin $81,237 in the same session, both feeding on a weaker dollar and falling Treasury yields.
Druckenmiller Leads the Doubters on Bessent's Bond Interventions
Yields have come off their highs. Wall Street questions whether Treasury has the firepower to hold them there against $40tn of debt.