Posts by Amelia Frost
Former Fed Adviser Covertly Shared Confidential Information With China. Now He Faces Time In Prison
A former Federal Reserve advisor was sentenced to more than three years in prison after lying to investigators about his ties to Chinese intelligence operatives. John Harold Rogers, 64, was sentenced to 38 months in federal prison for making false statements to federal investigators, the Justice Department officials said. Rogers lied to investigators about the…
Read MoreXRP Jumps to $1.12 as Binance Drops an $800K Reward Play. Is the Breakout Real?
XRP popped to around $1.12, a roughly 2% gain, after Binance unveiled an $800,000 XRP reward campaign on July 15. The mechanics are worth reading closely, because the headline is a little misleading. This isn’t a reward for holding XRP. It’s a reward for holding RLUSD, Ripple’s dollar-pegged stablecoin, with XRP as the prize. From…
Read MoreTrump Speech Might Focus On Foreign Election Interference From a Top Rival: Report
President Donald Trump will reportedly discuss previously undisclosed meddling by China in U.S. elections in his prime time speech on Thursday. CBS News reported Trump’s speech, planned for 9 p.m. EST, will include allegations that Beijing compromised U.S. voter data. The network claimed that Trump will assert the CIA knew about the extent of the…
Read MoreInflation Decelerated In June. But Grocery Shopping In The U.S. Decreased Anyway
The buying of grocery units fell 1.8% in June compared to the previous year, according to a new analysis. The study, conducted by Bain & Company using NielsenIQ grocery and published by CNBC, shows a reversal compared to the 0.1% increase recorded in June 2025. “That big grocery stock up trip that costs you $300…
Read MoreZelensky Removed His Popular Defense Minister In an Unexpected Reshuffle. Ukrainians Took The Street To Protest
Ukrainians took the streets to protest the removal of Defense Minister Mykhailo Fedorov, part of a larger government reshuffle. CNBC detailed that over a thousand people were protesting the decision in Kyiv’s central square and calling for Fedorov to be returned to his post. The reshuffle also includes the resignation of Prime Minister Yulia Svyrydenko…
Read MoreU.S. Continues To Launch Strikes Against Iran. They Are Reportedly Aimed At Expanding Options For Further Escalation
Recent strikes against Iran are not only seeking to degrade Iran’s capabilities to block the Strait of Hormuz, but also pave the way for further escalation should President Donald Trump decide to, according to a new report. Citing officials familiar with the matter, Reuters detailed that the strikes strengthen additional military options for Trump. They…
Read MoreAmericans Say They Need $1.2 Million to Retire Comfortably. Most Don’t Think They’ll Ever Get There
Americans believe they need about $1.2 million to retire comfortably, but a growing number doubt they will ever reach that goal as inflation, debt and day-to-day expenses continue to squeeze household budgets. A new survey from global investment manager Schroders found that while workers recognize the importance of building retirement savings, many expect to fall…
Read MoreInflation May Be Cooling, But Many Workers Still Aren’t Feeling Richer. Salaries’ Data Show Why
American workers have seen little improvement in their purchasing power since President Donald Trump returned to office, with pay increases largely offset by rising prices over the past 18 months. Average hourly earnings rose 3.5% in June from a year earlier, matching the annual inflation rate of 3.5% over the same period. After adjusting for…
Read MoreHow Oleh Halat Is Shaping the Next Generation of AI-Powered Commerce
The next phase of artificial intelligence in commerce is being created right now — and not necessarily by the companies that speak the loudest about AI or invest the most in new tools. It is being shaped by a small group of practitioners who work not with abstract forecasts, but with real production environments: integrating…
Read MoreAnthropic Is Moving Toward a Mega-IPO. Then It Could Reshape the AI Investment Race.
Anthropic is taking another major step toward what could become one of the largest technology initial public offerings in history, with Wall Street banks beginning meetings between the artificial intelligence startup’s executives and potential investors ahead of a planned stock market debut. According to CNBC, bankers leading Anthropic’s IPO preparations have started arranging meetings with…
Read MoreAnother Inflation Data Showed Signs Of Cooling. Stocks Continued To Rise
Stocks rose on Wednesday after another piece of data showed signs that inflation cooled in June. The S&P 500 climbed 0.29%, while the tech-heavy Nasdaq Composite overperformed, gaining 0.62%. The Dow Jones Industrial Average increased 0.29%. CNBC noted that tech stocks, including Amazon, Microsoft, And Alphabet, posted strong gains. Chipmakers, in turn, declined. Investors also…
Read MoreCuba’s Power Grid Has Collapsed For the Third Time This Month, Deepening Island’s Energy Crisis
Cuba‘s national electric grid collapsed for the third time in just nine days on Tuesday, plunging millions of residents into darkness as authorities struggle to stabilize an aging power system amid severe fuel shortages. The Cuban Ministry of Energy and Mines said the country’s National Electric System suffered a “total disconnection” after a failure at…
Read More