US workers overwhelmingly support union-backed policies on AI, poll says

The sanctions highlight the US's strategic focus on disrupting Iran's economic networks, potentially straining US-China relations further. The post US government sanctions three individuals, nine companies aiding Iranian oil shipments to China appeared first on Crypto Briefing.

The post US PPI Shocker Hits 6% in April 2026, Crushing Fed Rate Cut Hopes appeared on BitcoinEthereumNews.com. US Producer Price Index (PPI) Final Demand jumped 6% in April 2026, the highest reading since January 2023. The print came in well above the 4.9% consensus forecast. The monthly gain hit 1.4%, nearly triple the 0.5% consensus, while core PPI rose 1% on the month. Both headline and core figures now sit at three-year highs. Services Drove the April Surge Final demand services climbed 1.2%, the largest monthly advance since March 2022. The gain accounted for roughly 60% of the headline move, according to the BLS release. PPI 6% YoY, Est. 4.9%PPI 1.4% MoM, Est. 0.5% PPI Core 5.2% YoY, Est. 4.3%PPI Core 1% MoM, Est. 0.3% — Wall St Engine (@wallstengine) May 13, 2026 Trade services margins rose 2.7%, while transportation and warehousing prices jumped 5%. Final demand goods advanced 2%, with energy up 7.8% and gasoline prices climbing 15.6%. The narrowest core measure excludes food,

The post Dollar Hits One-Week High on Inflation, Iran Tensions, Trump-Xi Talks appeared on BitcoinEthereumNews.com. US inflation hit 3.8% in April, above forecasts, wiping out all Fed rate cut hopes for 2026. Markets now price a 35% chance of a Fed rate hike in December rather than a cut. Iran ceasefire declared on life support by Trump as oil climbs once again. Three big things are hitting global markets at the same time right now. US inflation came in higher than expected, the Iran ceasefire is falling apart, and markets are bracing for a critical meeting between President Trump and China’s Xi Jinping in Beijing. The result is that the US dollar is getting stronger, Treasury yields are rising, and the chances of the Federal Reserve cutting interest rates this year have essentially dropped to zero. The euro dropped to $1.1735. The British pound slipped to $1.3532. The dollar index, which measures the dollar against a basket of major currencies, held near 98.335, its strongest level in

The post US annual producer inflation climbs to 6% in April vs. 4.9% expected appeared on BitcoinEthereumNews.com. Producer inflation in the United States, as measured by the change in the Producer Price Index (PPI), rose to 6% on a yearly basis in April from 4.3% in March, the US Bureau of Labor Statistics (BLS) reported on Wednesday. This reading surpassed the market expectation of 4.9% by a wide margin and it was the highest since December 2022. On a monthly basis, the PPI rose 1.4%, following the 0.7% increase recorded in March and coming in well above analysts’ estimate of 0.5%. Other details of the report showed that the PPI ex Food & Energy was up 5.2% YoY in April, compared to the market forecast of 4.3%. Market reaction The US Dollar (USD) Index continues to push higher in the early American session and was last seen rising 0.26% on the day at 98.55. Source: https://www.fxstreet.com/news/us-annual-producer-inflation-climbs-to-6-in-april-vs-49-expected-202605131239

Iran's control over the Strait of Hormuz heightens geopolitical tensions, potentially disrupting global energy markets and regional stability. The post Iran asserts control over Strait of Hormuz, barring US weapons passage appeared first on Crypto Briefing.

The post Could the US Ban Bitcoin in a Surprise Move While Taking Steps in Favor of the Bull Market? The CFTC Chairman Answers! appeared on BitcoinEthereumNews.com. Could the US Ban Bitcoin in a Surprise Move While Taking Steps in Favor of the Bull Market? The CFTC Chairman Answers! – Bitcoin Sistemi Insert This website uses Cookies to ensure the best experience for you.Accept Source: https://en.bitcoinsistemi.com/could-the-us-ban-bitcoin-in-a-surprise-move-while-taking-steps-in-favor-of-the-bull-market-the-cftc/

Key takeaways Bitcoin recovers slightly on Wednesday after finding support below $80,000. US-listed spot ETF saw outflows of $233 million on Tuesday, Bitcoin finds support at a key level Bitcoin (BTC) has slightly rebounded and is currently trading above $81,000 on Wednesday, following a retest of a critical technical support level the previous day.  The […] The post Bitcoin rebounds slightly above $81k amid institutional caution appeared first on CoinJournal.

Industry body says energy consumption driven by AI up 15% globally in two years as it warns of societal backlash Datacentres are consuming 6% of electricity in the UK and US, with the growing strain of AI on energy supplies prompting community resistance, according to research. The proportion of electricity used by vast warehouses stacked with microchips to power AI and the internet has risen 15% worldwide in the past two years as annual global investment in datacentres approaches $1tn (£740bn) – nearly 1% of the global economy, according to the International Data Center Association (IDCA). Continue reading...