Economy
U.S. GDP Revised Down to 1.6% in Q1 2026 as Inventories and Services Weigh
Second BEA estimate: U.S. GDP grew 1.6% annualized in Q1 2026, down from 2.0%, as weaker inventories and softer services spending trimmed growth.
Finance
Markets, economy, and industry.
-
Financial Markets
4,180 BTC ($304.7M) Transferred From Addresses Labeled 'Coinbase Institutional' to New Wallet
Blockchain tracker Whale Alert flagged a May 28 transfer of 4,180 BTC (about $304.7M) from addresses labeled 'Coinbase Institutional' to a new unknown wallet.
-
Economy
BIS Working Paper Finds China’s Inflation Responds Strongly to Slack and Expectations
A BIS working paper finds China’s CPI inflation closely tied to economic slack and one-year-ahead expectations, suggesting standard policy models apply.
-
Financial Markets
About $1.3 Billion Dark-Pool Block of BlackRock’s IBIT Traded as Bitcoin Fell
A roughly $1.3bn dark-pool block of BlackRock’s IBIT changed hands May 26 as Bitcoin dipped and U.S. spot ETFs saw net outflows.
-
Economy
ECB warns Middle East war-driven energy shock heightens euro-area financial stability risks
ECB's May 27 review says energy-supply shocks from the Middle East could push inflation, slow growth and strain banks, non-banks and sovereigns.
-
Industry
Massachusetts Certifies App Drivers Union, Giving 70,000 Uber and Lyft Drivers the Right to Bargain
Massachusetts has certified the App Drivers Union as the statewide bargaining representative for about 70,000 Uber and Lyft drivers under a 2024 law.
-
Industry
Former Hodlnaut CEO Charged in Singapore Over Alleged False Claims About UST Losses
Singapore police charged ex-Hodlnaut CEO Zhu Juntao with six fraud counts, accusing him of misleading users about the company’s TerraUSD exposure after UST’s 2022 collapse.
-
Economy
Bank of Canada staff hold Canada neutral-rate estimate; U.S. range raised on productivity, AI
Bank of Canada staff keep Canada's nominal neutral rate at 2.25–3.25% while raising the U.S. estimate to 2.50–3.50% on stronger productivity and AI.
-
Economy
Kevin Warsh sworn in as Federal Reserve chair at White House ceremony
Kevin Warsh sworn in as Federal Reserve chair at a White House ceremony; he pledged independence as he takes over amid persistent inflation pressures.
-
Industry
New York Hotel Workers, Employers Reach Tentative 8-Year Deal With Record Wage Gains
A tentative eight-year contract for roughly 25,000–27,000 New York hotel workers would boost wages, add paid parental leave, AI protections and housing funds.
-
Industry
34 State Attorneys General Ask Court to Break Up Live Nation and Ticketmaster
A bipartisan coalition of 34 state attorneys general asks a federal judge to force Live Nation to divest Ticketmaster and select amphitheaters.
-
Industry
U.S., Boeing and Lockheed Set Seven-Year Plan to Triple PAC-3 Seeker Production
U.S., Boeing and Lockheed set a seven-year framework to triple PAC-3 MSE seeker production, easing a key supply-chain bottleneck for Patriot interceptors.
-
Financial Markets
SpaceX Files for IPO, Revealing Starlink Profits, xAI Losses and a Super‑Voting Plan to Keep Musk in Control
SpaceX filed for an IPO, disclosing $18.7B revenue for 2025, profitable Starlink, heavy xAI losses and a super‑voting share plan to keep Musk in control.
-
Economy
Fed minutes reveal sharp split over signaling near-term rate cuts
April Fed minutes show an 8-4 vote to hold rates and a sharp split over whether to signal openness to future cuts as inflation and energy risks persist.
-
Industry
Warren Challenges OCC Over Crypto National Trust Charters
Sen. Elizabeth Warren requested OCC charter applications and legal analyses, arguing crypto trust charters let firms perform bank-like activities beyond legal limits.
-
Financial Markets
SEC Proposes Major Rewrite of Registered Offerings and Public-Company Reporting
SEC proposes broad overhaul of registered offerings and filer categories to ease capital raising and expand scaled reporting relief for smaller issuers.
-
Industry
GAO: DOE Nuclear Cleanup Office Lost One-Third of Staff Since FY2023, Now Faces 45% Vacancy Rate
GAO finds Energy Department’s cleanup office lost a third of federal staff since FY2023, leaving about 45% vacancies in mission-critical cleanup roles.
-
Financial Markets
SEC Rescinds Decades-Old 'No-Deny' Settlement Policy and Will Not Enforce Past Provisions
The SEC removed Rule 202.5(e), ending decades of 'no-deny' settlement provisions and saying it will not enforce existing no‑deny clauses.
-
Financial Markets
UK’s FCA and Bank of England set roadmap for tokenisation and longer settlement hours
FCA and Bank of England launch joint consultation on tokenised securities, outline RTGS sync service for 2028 and staged steps toward near-24/7 settlement.
-
Financial Markets
How a KelpDAO rsETH Exploit Knocked Aave From the Top of DeFi TVL Rankings
An April rsETH exploit routed stolen tokens into Aave, triggering risk controls and a 44% drop in Aave's TVL as Lido reclaimed the top spot.