Category: Markets

Former U.S. Treasury Secretary Larry Summers has criticized the Federal Reserve’s optimistic stance on inflation, warning that the central bank is underestimating the long-term interest rates necessary to curb inflation. What Happened: Summers, speaking at an event organized by the Council on Foreign Relations in Washington on Monday, dismissed the recent data indicating a slowdown…

The CNN Money Fear and Greed index showed some improvement in the overall market sentiment, while the index remained in the “Fear” zone on Monday. U.S. stocks closed mixed on Monday, with the Dow Jones index surging more than 250 points during the session. However, the Nasdaq Composite recorded its worst session since April. Last…

SoftBank Group subsidiary Arm Holdings (NASDAQ:ARM) CEO Rene Haas believes that analysts have underestimated the pace at which artificial intelligence is advancing. What Happened: Haas made these comments during an interview with Yahoo Finance’s Market Domination Overtime on Monday. He pointed out that AI will significantly change people’s lives and that 70% of the world’s…

Solana (CRYPTO: SOL) defied the slump in blue-chip currencies to emerge as the best-performing large-cap cryptocurrency in the last 24 hours. What Happened: The fifth-largest coin by market valuation jumped more than 8% on a day where Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) bled significantly. SOL’s trading volume surged 156% to $3.5 billion, catapulting…

Netflix Inc. (NASDAQ:NFLX) has updated its famous “keeper test” in its culture memo, a tool used to identify and remove underperforming employees. What Happened: The “keeper test” is a method used by Netflix managers to determine whether they would fight to retain an employee. If the answer is no, the employee is let go. This…