Bitcoin Increases to $23.3K as Powell Reiterates 2% Inflation Target

Federal Reserve Chairman Jerome Powell spoke more on the future direction of monetary policy following an unexpectedly strong U.S. jobs report on Friday. Here’s what he had to say: During an interviewPowell reiterated his comments from last week that the economy’s disinflation is still within its very early stages – particularly in the housing sector. … Read more

Biden Labor Secretary Marty Walsh to become head of NHL players union

Labor Secretary Marty Walsh listens as U.S. President Joe Biden speaks during an event in the Rose Garden of the White House September 15, 2022 in Washington, DC. Anna Moneymaker | Getty Images Labor Secretary Marty Walsh will leave his post in the Biden administration to become head of the NHL players’ union, sources confirmed … Read more

LaLiga files complaint over Vinicius racist abuse

1:10 PM ET Alex KirklandESPN FC LaLiga has filed a formal complaint with a court in Mallorca after Vinicius Junior was racially abused by a fan during Real Madrid’s 1-0 league defeat to Real Mallorca on Sunday. TV cameras picked up a fan shouting “Vinicius, you’re a monkey” during the game. “After analysing the images … Read more

Adipurush: Plot, Cast, Release Date, and Everything Else We Know

When it comes to Indian films, there is no shortage of mythology in their stories, as we see many of them every year. Recently, we witnessed Brahmastraa film directed by Ayan Mukerji that explored the history of sages while adding a thrilling touch to it. Although the narrative was not particularly compelling, it entertained audiences … Read more

Avalanche (AVAX) price is up, but do fundamentals support the rally?

Avalanche (AVAX) witnessed a meteoric start to 2023, gaining 98% in 30 days, and traders are now curious about whether the rally will extend throughout February. AVAX’s year-to-date gains for 2023 have outpaced those of Bitcoin (BTC) and Ether (ETH). Recent reasons for AVAX’s rally can be attributed to an Amazon partnership announcement on Jan. … Read more

Zoom to lay off 1,300 employees, or about 15% of its workforce

Zoom on Tuesday announced plans to cut about 1,300 workers, or 15% of its workforce, according to a blog post on the company’s website. Shares of Zoom were up 7% in afternoon trading. CEO Eric Yuan wrote in the blog post that as the world continues to adjust to life after the Covid pandemicthe company … Read more

Auto insurance is up by more than 15% this year in some states. Here’s how to keep your premium down

Miniseries | E+ | Getty Images As with many line items in your household budgetyour auto insurance probably costs more this year than in 2022. How much more? It depends on a variety of factors, including where you live. Nationally, the average for full coverage — generally defined as liability, collision and comprehensive — is … Read more

A beginner’s guide to various CS:GO games

Counter-Strike: Global Offensive, or CS:GO for short, is a first-person shooter video game and a popular eSports game in the world. While it may seem like a simple game at first glance, there is a lot of depth and strategy involved in playing CS:GO. In this beginner’s guide, we will go over the different CS:GO … Read more

Fed Chief Powell says the disinflationary process has begun, but has a long way to go

Federal Reserve Chairman Jerome Powell said Wednesday that inflation is beginning to ease though he expects it to be a long process. “The disinflationary process, the process of getting inflation down, has begun and it’s begun in the goods sector, which is about a quarter of our economy,” the central bank chief said during an … Read more

Scaramucci backs new crypto venture by FTX exec

Despite facing massive losses from FTX’s downfall, Anthony Scaramucci, the founder of SkyBridge Capital, is investing in a new crypto software company established by a former FTX executive, seeing potential in the future of the cryptocurrency industry Anthony Scaramuccithe founder of SkyBridge Capitalhas invested in a new cryptocurrency software company founded by former FTX President … Read more

Balancer, MakerDAO, and 30 DeFi protocols part of a creative campaign highlighting the advantages of permissionless finance solutions

Yearn Finance, Balancer, Euler, MakerDAO, and more than 30 top DeFi dApps are taking part in a “creative campaign” to bring to light the various advantages of permissionless and decentralized protocols, a press release on Feb. 6 shows. DeFi has a strong case In this effort, participating protocols will share each other’s tweets as they … Read more

Labor Secretary Marty Walsh expected to leave Biden administration | CNN Politics

CNN — Labor Secretary Marty Walsh is expected to depart the Biden administration soon, according to two people familiar with the matter, marking the first Cabinet secretary departure of President Joe Biden’s presidency. Walsh has been offered a job heading the NHL’s Players’ Association, the people said. His departure isn’t expected to be announced until … Read more

A neuroscientist shares the 4 ‘highly coveted’ skills that set introverts apart: ‘Their brains work differently’

Being the most talkative person in the room may be a good way to get people’s attention, but it doesn’t necessarily mean you have the best ideas. As a neuroscientistI’ve worked with large companies like Google and Deloitte on how to attract and retain top talent, and I’ve found that employers tend to favor extroverts. … Read more

What are phygital NFTs, and how do they work?

On top of the community experience, phygital NFTs also help build traceability into a product that is being sold to a customer. The history of the product and its providence can add credibility and commercial value to a physical good. Community experience is just one big use case of phygital NFTs. Considering nonfungible tokens are … Read more

Plant-based salmon startup capitalizes on rising interest in fake seafood

While the plant-based burger wars have been waging for several years now, plant-based fish is just in its infancy. But that is about to change, as new contestants enter the mix with various types of faux fish offerings, and investors rush in to fund them. In the U.S. alone, investment in plant-based, fermented or cell-based … Read more

4 S. American countries submit joint 2030 WC bid

Officials from Argentina, Chile, Paraguay, Uruguay and CONMEBOL officially announce their 2030 World Cup bid. Marcelo Endelli/Getty Images Argentina, Chile, Paraguay and Uruguay officially submitted a joint bid to host the 2030 World Cup on Tuesday, calling for the tournament to return “where football was born” 100 years after the first World Cup was held in … Read more

Watch Federal Reserve Chair Jerome Powell discuss inflation, interest rates and the economy

[The stream is slated to start at 12:40 a.m.ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chairman Jerome Powell speaks Tuesday afternoon in a question-and-answer session with Carlyle Group Chairman David Rubenstein. The event is being held at the Economic Club in Washington, D.C. The … Read more

Interest in digital assets unabated with multiple weeks of consecutive inflows: Report

Digital asset investment products logged the fourth week of consecutive inflows last week. There has been a significant increase in investments in short-bitcoin, indicating that a substantial number of investors remain uncertain about the future trajectory of the market. Inflows into digital asset investment products totaled $76 million last week, bringing the fourth consecutive week … Read more

Judge denies motion allowing SBF to use messaging apps

A federal judge has denied a joint agreement between Sam “SBF” Bankman-Fried’s legal team and prosecutors that would have allowed the former FTX CEO to use certain messaging apps. In a Feb. 7 filing for the United States District Court for the Southern District of New York, Judge Lewis Kaplan denied a motion proposing Bankman-Fried … Read more

Dubai creates regulatory requirements for crypto companies

The Virtual Assets Regulatory Authority (VARA) in Dubai is set to roll out new rules of engagement that will serve as an operational guide for crypto firms domiciled in Dubai. The apex regulatory body’s published rule book encapsulates detailed requirements and operational guides for cyber security operations, while the other addresses activities like exchange services, … Read more

McCarthy confirms Santos is facing House probe | CNN Politics

CNN — House Speaker Kevin McCarthy said New York GOP Rep. George Santos is facing a House Ethics Committee probe, confirming for the first time that the panel has opened an investigation into the embattled freshman. McCarthy said the House will take action depending on what the panel finds. Asked about Santos’ constituents calling on … Read more

Lido plans to develop in-protocol withdrawals

The Lido development team has announced plans to develop an in-protocol withdrawal capability as the Ethereum community prepares for the anticipated Shanghai hard fork in March. Lido controls the DeFi economy The Lido team is looking for community input on the withdrawal plan implemented after the Shanghai upgrade is finished. Lido, a decentralized finance (DeFi) … Read more