๐ Market Pulse โ Daily of 12 May 2026
๐ Fed Rate Cut Odds Fall as Senate Advances Kevin Warsh, Will Bitcoin & Gold Crash Again?
The odds of a Federal Reserve rate cut have decreased as the Senate moves closer to confirming Kevin Warsh as the next Fed Chair. This development has caused Bitcoin and gold prices to erase recent gains, with potential implications for their future performance.
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๐ Start-Up Raises $1.3 Billion for an A.I. โGridโ
A new startup has secured $1.3 billion in funding to build an 'AI Grid,' a significant investment in the infrastructure required for artificial intelligence development. This move highlights the massive capital flowing into AI, with tech giants and well-funded startups competing for data center resources.
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๐ A new CNN poll sum up Americansโ feelings about the economy: They just feel stuck
A recent CNN poll reveals that Americans are feeling economically stagnant, with many expressing sentiments of simply staying afloat rather than getting ahead. The responses indicate widespread dissatisfaction with the current cost of living and financial outlook.
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โ๏ธ OpenAI CEO Sam Altman has the most to lose in court clash with Elon Musk
In the ongoing legal battle between Elon Musk and OpenAI CEO Sam Altman, Altman is positioned to lose the most as he prepares to testify. The trial features two prominent tech figures, but the outcome could have significant repercussions for Altman and OpenAI.
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๐๏ธ Crypto legislation faces another hurdle: Labor unions
Major labor groups, including the AFL-CIO and the Service Employees International Union, are urging senators to oppose a new cryptocurrency bill. This opposition from influential unions presents a significant challenge for the advancement of crypto legislation in Congress.
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