West Coast Gas Prices Spike Above $6 Amid Broad National Increase This Summer
As summer travel begins, gas prices soar past $6 on the West Coast while Midwestern and Southern states see more moderate costs, despite sharp rises nationwide.
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Energy & Climate
Crypto & Fintech
CME Group Ends Bitcoin Futures Gaps with Launch of 24/7 Trading
CME Group’s Bitcoin futures market will begin round-the-clock trading, eliminating weekend price gaps that have historically influenced short-term Bitcoin price targets.
Corporate Power
SpaceX’s IPO Faces Challenge as Majority of Funds Already Committed to Existing Obligations
Although SpaceX aims to raise $80 billion through its IPO, over three-quarters of the proceeds have been pre-allocated to repay debts and partners, limiting cash for AI expansion.
Trade & Tariffs
Nvidia CEO Jensen Huang Joins Tsinghua University Advisory Board Amid US-China Tech Tensions
Nvidia’s Jensen Huang has accepted a position on the advisory board of Tsinghua University’s School of Economics and Management, deepening ties with China amid ongoing export restrictions.
Markets & Macro
South Korea’s Central Bank Holds Rate at 2.5%, Signals Possible Hike Amid Inflation Concerns
South Korea’s central bank maintained its benchmark interest rate but indicated tightening ahead due to inflation pressures, robust growth, and currency volatility.
Crypto & Fintech
Bitcoin Dips Below $74,000 Amid Waning Momentum and Declining ETF Inflows
Bitcoin fell below $74,000 for the second time in May as on-chain data reveals weakening demand, large ETF outflows, and intensified market pressure around key price levels.
Trade & Tariffs
Chinese Automakers Surge Ahead as Global Competitors Struggle in EV Race
Global carmakers face growing challenges as Chinese manufacturers lead in electric vehicles, advanced batteries, and integrated software, reshaping the auto industry landscape.
Markets & Macro
U.S. Inflation Reaches Highest Level Since 2023 Amid Rising Gas and Food Costs
The personal consumption expenditures (PCE) inflation rate climbed to 3.8% year-over-year in April, driven by surging gas and food prices, challenging the Federal Reserve’s policy outlook.
Energy & Climate
New Satellite Biomass Maps Enhance Understanding of Carbon Storage in Arctic and Boreal Forests
Scientists improve satellite-based biomass measurements across northern forests, offering clearer insights into carbon storage dynamics amid rapid climate change.
Big Tech
SpaceX Secures $2.29 Billion to Build U.S. Military’s Space Data Network Backbone
The U.S. Space Force awarded SpaceX a major contract to develop a satellite-based communications system that will provide secure, global real-time connectivity for military operations.