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Labor Unions Join Banking Industry In Opposition To Senate Crypto Bill, The Clarity Act
Labor Unions Join Banking Industry In Opposition To Senate Crypto Bill, The Clarity Act
Authored by Micah Zimmerman via Bitcoin Magazine,
Five of the nation’s largest labor organizations are urging the Senate to vote against a pending cryptocurrency market structure bill, warning that the legislation would expose retirement accounts to digital asset volatility ahead of a key committee vote Thursday.
The AFL-CIO, Service Employees International Union, American Federation of Teachers, National Education Association, and American Federation of State, County and Municipal Employees sent letters and emails to Senate Banking Committee members, according...
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May 11, 2026 / Dave DeCamp
At Least Two Palestinians Killed in Gaza as Israel Continues Daily Attacks
Israeli forces killed at least two Palestinians in Gaza on Monday, according to the Palestinian news agency WAFA, as the IDF continues its daily attacks and constant violations of the US-backed ceasefire deal. WAFA reported that one Palestinian was killed by Israeli army fire in the Zeitoun neighborhood of Gaza City and another was killed […]
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Apr 30, 2026 / Tyler Durden
Futures Jump After Overnight Rollercoaster Session As Oil Unexpectedly Tumbles, Yen Soars
Futures Jump After Overnight Rollercoaster Session As Oil Unexpectedly Tumbles, Yen Soars
Futures erase an overnight slide, and have resumed their ascent trading near all time highs, despite a hawkish Fed statement but stronger Mag7 earnings. The hawkish Fed followed by a less hawkish press conference, plus the news that Powell is staying on seemingly removing a cut, actually have bond yields lower pre-mkt by 2-4bp as the Dollar weakens on what appears to be BOJ intervention which has sent the USDJPY plunging most since 2022. As of 8:00am ET,...
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Apr 28, 2026 / Tyler Durden
The US Grid Wasn't Built For This
The US Grid Wasn't Built For This
Authored by Tejasri Gururaj via Interesting Engineering,
Global data center power demand is projected to hit 84 GW by 2027—a 50 percent jump from 2023 levels—with AI workloads accounting for 27 percent of that total, according to Goldman Sachs Research.
The grid is strained by increasing demand from electricity-hungry data centers and electric vehicles.Getty Images
The grid cannot keep up with AI. For decades, electricity demand grew slowly and predictably, giving utilities comfortable margins to plan capacity years in advance. That model broke almost overnight. Between 2023...
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