Polymarket Odds Drop Sharply on CLARITY Act Despite Trump’s Urgent China Warning
Polymarket’s prediction market sees a significant decline in odds for the CLARITY Act, contrasting with Trump’s strong political push linked to China concerns.
Latest news
Trade & Tariffs
Markets & Macro
All 67 Economists Miss Unexpected Drop in Latest Inflation Report
The Consumer Price Index fell unexpectedly last month, with every economist in a major survey failing to predict the decline, signaling a shift in inflation trends.
Big Tech
Apple Explores Running Advanced AI Models Directly on User Devices to Enhance Siri and Privacy
Apple is in early talks with startup PrismML to deploy compressed AI models on iPhones, aiming to boost Siri’s capabilities while prioritizing speed, energy efficiency, and user privacy.
Energy & Climate
Slate EV Truck’s Final Price Revealed at $26,400 Including Destination Fee
Slate has confirmed a destination fee of $1,450 for its electric pickup, raising the total price to $26,400 and sparking debate over its cost competitiveness.
Defense & Security
US Reinstates Blockade on Iranian Ports to Pressure Tehran Amid Strait of Hormuz Tensions
The US will reimpose a blockade on all Iranian ports, aiming to cripple Tehran’s economy in response to attacks in the Strait of Hormuz and stalled nuclear talks.
Crypto & Fintech
CleanSpark Secures $6.6 Billion Data Center Lease to Expand Beyond Bitcoin Mining
CleanSpark signed a 20-year lease for a major data center project, signaling its shift from bitcoin mining to high-performance computing for large-scale AI and cloud clients.
Crypto & Fintech
China Proposes Tougher Legal Standards for Crypto Money Laundering Cases
China’s top prosecutors recommend treating cryptocurrency mixers and privacy coins as evidence of laundering intent, shifting proof burdens and adopting blockchain data in court.
Markets & Macro
Fed Chair Warsh Affirms Commitment to Central Bank Independence Amid Trump Pressure
In his first congressional hearing, Federal Reserve Chair Kevin Warsh pledged to uphold the Fed’s independence despite President Trump’s attempts to influence monetary policy and leadership.
Corporate Power
Wells Fargo Boosts Wealth Unit Productivity with New AI-Driven Advisor Platform
Wells Fargo’s Wealth & Investment Management launched a new AI-powered suite to enhance financial advisors’ productivity, supporting client service and growth amid strong economic conditions.
Energy & Climate
Walmart Surges to Second Place in US EV Fast-Charger Installations in Q2
Walmart rapidly expanded its electric vehicle fast-charging network in the second quarter, adding hundreds of new ports and ranking just behind Tesla nationwide.