🧵 1. Ark Invest's Bitcoin ETF ARKB sees two consecutive days of outflows, with $55.6M exiting the fund amid broader Bitcoin ETF market outflows. #finance
🧵 1. Ethereum layer-2 network, Layer N, backed by Peter Thiel's Founders Fund, launches liquidity program for DeFi apps within its StateNet architecture. #finance
🧵 1. Google fires 28 workers for protesting Israeli cloud contract. Company warned against policy violations, including termination (New York Times). #finance
🧵 1. Micron Technology's stock rises as reports indicate the company may secure $6.1B in federal grants for domestic chip facilities under Biden's CHIPS Act. #finance
🧵 1. U.S. economy grew faster than expected in 2023 at 2.5%. Oil-rich states saw strong growth, boosted by booming production amid higher oil prices. #finance
🧵 1. Biden's new student debt relief plan could add $750 billion to the budget deficits, according to Committee for A Responsible Federal Budget. #finance
🧵 1. Gold prices edged up on Tuesday near a record high due to growing geopolitical tensions, with spot gold at $2,387.11 per ounce and U.S. gold futures at $2,403.90. #finance
🧵 1. A new layer-1 blockchain Berachain secures $100M in Series B funding, with Samsung and crypto VC firms leading the round. #finance
🧵 1. Surging gold & dollar vs. plunging stocks & crypto this week due to rising inflation. Fed's hopes for rate cuts smashed as CPI and PPI data exceed expectations. #finance
🧵 1. US domestic deposits dropped $60BN as small bank loans decreased the most since SVB crisis. Source: Bloomberg #finance
🧵 1. Americans express deep concerns over escalating economic challenges. Inflation rises sharply while key sectors of the economy slow down. CNN acknowledges potential storm clouds forming. #finance
🧵 1. Ever wondered where your US tax dollar goes? Visual Capitalist's Marcus Lu breaks down federal spending in a single dollar, highlighting social security as the largest expense at 22%. #finance
🧵 1. Reflation's official confirmation sparks concern over rising inflation. Recent headlines admit inflation is stronger than expected, weakening the case for a rate cut. Is a repeat of history looming? #finance
🧵 1. Robusta coffee futures hit record highs as poor harvests in Vietnam raise concerns about global shortages. Arabica futures also on the rise. #finance
🧵 1. The US economy added 303,000 jobs in March, but most were part-time. Full-time jobs have been decreasing since last year. Immigration plays a role in job creation. #finance
🧵 1. Biden's inflation hits hard as US auto insurance rates soar over 22% annually, the biggest jump since 1976. Higher driving costs add to economic woes. #finance
🧵 1/ Silver prices surging, prompting parallels to cocoa. Futures market dominance indicates potential for dramatic rallies like cocoa's recent surge. #finance
🧵 1. Apple shares surged 4.3% on Thursday to $175.04, marking its best day since May 5, 2023. Tech stocks, particularly in AI, also rose, with Nasdaq up 1.77%. #finance
