Block CEO Jack Dorsey posted “there is no moat” on X and drew more than 3.5 million views. The phrase echoes a leaked 2023 Google memo, which warned that open-source AI would erode the lead of Google and OpenAI.
The term comes from investor Warren...
Brent crude, the global oil price benchmark, hit $110.70 a barrel on Monday, its highest level since May 20. Fresh attacks on Gulf shipping drove the move, and households are paying for it.
Yet the barrels are returning. Gulf oil flows have...
June’s inflation slowdown came largely from one source: cheaper fuel. Gasoline prices fell 12% during the month, helping pull both producer and consumer prices lower. But that relief may already be fading. Brent crude has risen 18% in one week since...
Oil’s safety net is disappearing. Brent crude broke above $85 a barrel Wednesday, and West Texas Intermediate (WTI) cleared $80.
Both benchmarks have risen for three straight days as US and Iranian forces trade strikes near the Strait of Hormuz....
It is no surprise that Layer-1 chains have shared the carnage during the first half of 2022. Top L1s have been struggling to hold their fort in the current market conditions. These include Ethereum, BNB Smart Chain, and Solana which continue to head...
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