18:01 2025-04-29
In the first 100 days of Trump's presidency, the number of small business contracts cancelled has reached a record highThe number of small business contractors receiving notices of job cancellations has surged to a record level this year as the Trump administration implements a "cut and consolidate" programme. More than 1,800 small business contractors have received "facilitative termination" notices from private agencies since Mr. Trump was sworn in as US president on January 20, more than the average number in previous years, and on April 30, Mr. Trump's second term exceeded 100 days.
17:19 2025-04-29
"Fed Speaker": Core PCE Price Index May Rise Only 0.08% in MarchAccording to Nick Timiraos, the PCE price index is expected to show core prices rose by just 0.08 per cent in March, based on an analytical model that maps CPI (consumer price index), PPI (producer price index) and import prices to the PCE. In addition, overall prices are expected to be essentially flat in March, falling slightly by 0.01 per cent.
17:13 2025-04-29
Pudgy Penguins partners with Walrus to migrate to a decentralized storage platformPudgy Penguins announced integration with Walrus Protocol to store and manage its growing digital media library, including stickers and GIFs for product and community experiences. The team will use 1TB of decentralized storage through Tusky, Walrus' user-friendly file management tool, with plans to expand to 6TB in the next 12 months.
Pudgy Penguins has previously used centralized storage solutions and faced the challenges of long-term access and consistency with decentralized principles. Walrus...
17:04 2025-04-29
President of Coinbase Asset Management: US revaluation of gold may prompt US Treasury to buy bitcoin in advanceSebastian Bea ̈ a, president of Coinbase Asset Management, told The Scoop this week that the US government could accelerate its plans to buy bitcoin if it reassesses the relationship between gold and the dollar. He pointed out that bitcoin is shifting from a highly volatile technical asset to a gold-like store of value, a trend that has attracted more institutional attention and portfolio consolidation. Mr. Bea ̈ a highlighted the growing institutional interest in bitcoin as a sign of its matu...
17:01 2025-04-29
Unicoin CEO Accuses SEC of "Retaliatory" ActionAlex Konanykhin, Unicoin's chief executive, told Eleanor Terrett that the US agency had sent a new batch of subpoenas to employees and partners after Unicoin refused to settle with the SEC. Mr. Konanykhin described the move as "retaliatory". The SEC declined to comment.