U.S. markets open in 3 hours 9 minutes

  • S&P Futures

    3,920.00
    +16.25 (+0.42%)
     

  • Dow Futures

    31,569.00
    +148.00 (+0.47%)
     

  • Nasdaq Futures

    12,079.25
    +38.75 (+0.32%)
     

  • Russell 2000 Futures

    1,781.60
    +11.80 (+0.67%)
     

  • Crude Oil

    111.30
    +1.73 (+1.58%)
     

  • Gold

    1,826.40
    +1.60 (+0.09%)
     

  • Silver

    21.28
    +0.11 (+0.53%)
     

  • EUR/USD

    1.0592
    +0.0006 (+0.05%)
     

  • 10-Yr Bond

    3.1940
    0.0000 (0.00%)
     

  • Vix

    27.02
    -0.21 (-0.77%)
     

  • GBP/USD

    1.2268
    -0.0002 (-0.02%)
     

  • USD/JPY

    135.9390
    +0.4930 (+0.36%)
     

  • BTC-USD

    21,039.89
    -374.88 (-1.75%)
     

  • CMC Crypto 200

    459.40
    -2.40 (-0.52%)
     

  • FTSE 100

    7,342.91
    +84.59 (+1.17%)
     

  • Nikkei 225

    27,049.47
    +178.20 (+0.66%)
     

Philanthropist Kimbal Musk on the Power Dynamics in a DAO

Big Green Founder Kimbal Musk discusses his struggle with giving power away when he founded his DAO and how every participant is empowered by decentralization.

Recommended Stories

  • Mr. Big Short: Fed May do a 180 on Interest Rates

    The Federal Reserve has raised the fed funds rate target by 150 basis points since March, and many experts expect a lot more.

  • Russian Industry Faces Code Crisis as Critical Software Pulled

    (Bloomberg) -- Russia’s reliance on foreign software to run its factories, farms and oil fields is turning into one of the biggest headaches for domestic industry as more IT providers pull out of the market in response to President Vladimir Putin’s invasion of Ukraine. Most Read from BloombergRussia Slips Into Historic Default as Sanctions Muddy Next StepsA $2 Trillion Free-Fall Rattles Crypto to the CoreMichael Burry of ‘The Big Short’ Fame Warns Fed May Alter CourseAnti-Abortion Centers Find P

  • Russia, rejecting default, tells investors to go to western financial agents

    The White House said on Monday that Russia has defaulted on its international bonds for the first time since the Bolshevik revolution, as sweeping sanctions have effectively cut the country off from the global financial system. Until last week, Russia kept on paying on its Eurobonds in foreign currency as per issue conditions yet its dollar and euro coupon transfers made in May, ahead of a key U.S. waiver allowing for such transactions expired, did not reach investors. "Statements of a default are absolutely unjustified," Kremlin spokesperson Dmitry Peskov told a call with reporters on Monday, pointing to the May forex coupon payment.

  • The Russian Default Is Less Worrisome Than It Appears. Keep Watching Oil.

    Russia’s first default on its foreign debt in more than 100 years is the latest sign that the sanctions levied against the country after the Ukraine invasion have consequences. To be sure, Russia’s default on ruble-denominated bonds in 1998 was a big deal. It forced highly leveraged hedge fund Long Term Capital Management to collapse, a precursor of the financial crisis that struck a decade later.

  • Recession may not be here yet — but stagflation is: El-Erian

    Economists may be debating recession, but there's increasing consensus that stagflation has already arrived.

  • Europe Gas Falls on Return of Flows Via Turkey, Weather Outlook

    (Bloomberg) -- European natural gas prices declined after Russian flows via Turkey resumed and forecasts pointed to sunnier weather that could curb demand for the fuel. Most Read from BloombergRussia Slips Into Historic Default as Sanctions Muddy Next StepsA $2 Trillion Free-Fall Rattles Crypto to the CoreMichael Burry of ‘The Big Short’ Fame Warns Fed May Alter CourseAnti-Abortion Centers Find Pregnant Teens Online, Then Save Their DataHyundai Quietly Climbs the EV Sales Charts and Elon Musk No

  • Millions in California to Get up to $1,050 in ‘Inflation Relief’

    (Bloomberg) -- California Governor Gavin Newsom announced late Sunday night that he had reached an agreement with state legislators on a $17 billion “inflation relief package.”Most Read from BloombergRussia Slips Into Historic Default as Sanctions Muddy Next StepsA $2 Trillion Free-Fall Rattles Crypto to the CoreMichael Burry of ‘The Big Short’ Fame Warns Fed May Alter CourseAnti-Abortion Centers Find Pregnant Teens Online, Then Save Their DataHyundai Quietly Climbs the EV Sales Charts and Elon

  • Oil extends gains as major producers flag capacity limits

    MELBOURNE/SINGAPORE (Reuters) -Oil prices rallied for a third day on Tuesday as major producers Saudi Arabia and the United Arab Emirates looked unlikely to be able to boost output significantly and political unrest in Libya and Ecuador added to supply concerns. Brent crude futures climbed $1.83, or 1.5%, to $116.92, adding to the previous session's 1.7% rise. Saudi Arabia and the UAE have been seen as the only two countries in the Organization of the Petroleum Exporting Countries (OPEC) with spare capacity to make up for lost Russian supply and weak output from other member nations.

  • Lagarde Vows Nimble ECB Policy as July Hike Plan Proceeds

    (Bloomberg) -- European Central Bank President Christine Lagarde affirmed plans for an initial quarter-point increase in interest rates in July but said policy makers are ready to step up action to tackle record inflation if warranted.Most Read from BloombergRussia Slips Into Historic Default as Sanctions Muddy Next StepsA $2 Trillion Free-Fall Rattles Crypto to the CoreMichael Burry of ‘The Big Short’ Fame Warns Fed May Alter CourseAnti-Abortion Centers Find Pregnant Teens Online, Then Save The

  • The 'Big Package': How Russia was driven to default

    Russia's first major international debt default in over a century, which Washington said became a fact on Monday, follows months of co-ordinated Western sanctions that left Moscow with cash but no access to the international financial network. At around 11.30 p.m. (2230 GMT) on Feb. 25, the day after Russian troops entered Ukraine, European Union's experts in Brussels said a set of sanctions they had worked on for days, or the "Big Package" as they called it, was ready. Just before midnight, the European Commission announced https://www.consilium.europa.eu/en/press/press-releases/2022/02/25/russia-s-military-aggression-against-ukraine-eu-imposes-sanctions-against-president-putin-and-foreign-minister-lavrov-and-adopts-wide-ranging-individual-and-economic-sanctions the measures.

  • Leaders at G7 mock bare-chested horseback rider Putin

    Leaders of the Group of Seven wealthy nations mocked the macho image of their absent adversary Vladimir Putin on Sunday, at a meeting in Germany dominated by the Russian President's invasion of Ukraine. As the besuited leaders sat down for their first meeting of the three-day G7 summit in the sweltering Bavarian Alps, British Prime Minister Boris Johnson asked if their jackets should come off - or if they should even disrobe further. "We all have to show that we're tougher than Putin," Johnson said, to laughter from some of his colleagues.

  • G-7 Latest: Leaders Want Urgent Evaluation of Energy Price Caps

    (Bloomberg) -- Group of Seven leaders agreed that they want ministers to urgently discuss and evaluate how the prices of Russian oil and gas can be curbed to limit revenues flowing to President Vladimir Putin’s government in Moscow.Most Read from BloombergRussia Slips Into Historic Default as Sanctions Muddy Next StepsA $2 Trillion Free-Fall Rattles Crypto to the CoreMichael Burry of ‘The Big Short’ Fame Warns Fed May Alter CourseAnti-Abortion Centers Find Pregnant Teens Online, Then Save Their

  • Joe Manchin reacts to Roe v. Wade ruling: ‘I trusted Justice Gorsuch and Justice Kavanaugh’

    Americans reacted on Friday to the Supreme Court’s decision to overturn Roe v. Wade, the landmark 1973 decision that established a constitutional right to abortion access. In the court’s ruling Friday, telegraphed in a rare court leak, Republican-appointed judges voted 5-4 to overturn Roe v. Wade. Chief Justice John Roberts did not back using the latter decision to overturn Roe.

  • Impeached and removed attorney general of South Dakota presses ethics case against Gov. Kristi Noem

    ‘I'm not going to let this just drop. I think that they should pursue it and I do believe that, ultimately, the House will pursue it,’ says Jason Ravnsborg, the ousted attorney general.

  • Jan 6 hearing – live: Trump lawyer stopped by FBI ahead of surprise testimony by mystery witness

    Follow live for latest news and updates on January 6 hearings in Congress

  • Sri Lanka Under Virtual Lockdown With Fuel Supplies Halted for Private Cars

    (Bloomberg) -- Sri Lanka abruptly restricted fuel supplies and told residents to stay home, raising the risk of more unrest as the government struggles to provide essential goods due to a crippling sovereign debt crisis that has rocked the country for months.Most Read from BloombergRussia Slips Into Historic Default as Sanctions Muddy Next StepsA $2 Trillion Free-Fall Rattles Crypto to the CoreMichael Burry of ‘The Big Short’ Fame Warns Fed May Alter CourseAnti-Abortion Centers Find Pregnant Tee

  • Lauren Boebert’s office denies she ‘encouraged’ indicted GOP official to commit crimes

    The embattled official is accused of leaking images of hard drives to conspiracy theorists online

  • NY Gov. Kathy Hochul, who replaced Cuomo, faces Democrats

    New Yorkers are casting votes in a governor’s race Tuesday that for the first time in a decade does not include the name “Cuomo” at the top of the ticket. Instead, the most prominent name for Democrats is Kathy Hochul, who was propelled into the governor’s office last year when former Gov. Andrew Cuomo resigned amid sexual harassment allegations. Hochul is hoping to become the first woman to win election to the New York governor’s office this fall, but first she needs to overcome challenges Tuesday from New York City’s elected public advocate, Jumaane Williams, and U.S. Rep. Tom Suozzi, a moderate from Long Island.

  • Stocks Break Out. There Are Signs Inflation and Interest Rates May Peak Sooner.

    This past week, investors seem to be pricing in fewer rate hikes. Bolstering that belief: falling yields and copper prices.

  • Ukrainian special ops team carries out several successful raids on Russian territory – The Times

    A military unit of Ukraine’s special operations division has been conducting raids on the territory of the Russian Federation to undermine the military capabilities of the Russian army, UK newspaper The Times has revealed.