Since the start of Trump’s tenure, he has been vocal on interest rates, and on many occasions, he has put direct blame on Jerome Powell for acting too late on curbing inflation and reducing interest rates. In this context, a recent post on social media stirred up a wave of speculation that Federal Reserve Chair Jerome Powell could be fired soon, but experts and markets say, not so fast.
The Spark: A Bold Claim from Congresswoman Luna
On July 16, Florida Congresswoman Anna Paulina Luna, in her X post, said that Powell’s firing is “imminent.”…
United States-based Bitcoin mining company TeraWulf nearly doubled its third-quarter revenue this year thanks to price growth in Bitcoin, as well as an expansion in mining capacity and new income from its AI business. Revenue for the third quarter increased 87% year-over-year to $50.6 million, with “digital asset revenue” making up $43.4 million, according to TeraWulf’s Q3 earnings report on Monday. In Q1, the company had reported a net loss, and in Q2, the miner’s revenue increased 34% year-over-year to $47.6 million. “These increases were… Source link
