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Share link:In this post: Christodoulos Patsalides says the eurozone is dealing with geopolitical challenges. ECB member Peter Kazimir has argued against lowering rates in September unless there are clear signs in the labour market. Gabriel Makhlouf believes the ECB should adopt a “wait-and-see” stance.
Share link:In this post: Shares of Europe’s biggest banks hit their highest levels since 2008, driven by long-term interest rate increases. Net interest income surged as 30-year bond yields in Germany and the UK rose above short-term yields. Valuations have reached book value, but still lag behind U.S. banks like JPMorgan and Goldman Sachs.
Share link:In this post: Balaji Srinivasan says there are many strong AIs, not one dominant model. AI shifts costs to prompting and verifying, not full automation. Crypto limits what AI can fake, especially with onchain data.
A surprise gap in US job data sparked a steep crypto retreat, pressuring Bitcoin and Ethereum prices. With ETF flows drying up and Fed policy in flux, all eyes are now on US stock market resilience.
Quick Take The Nevada Democrat sent a letter to CFTC Acting Chair Caroline Pham on Monday asking the agency to answer questions on whether Quintenz violated CFTC policies. Rep. Titus brought up one point of contention over Quintenz’s role on the board of prediction markets company Kalshi.
