Economy
Why Jack Dorsey thinks AI will replace middle managers
Block CEO Jack Dorsey argues that his company's decision to cut approximately 40% employees was not a cost reduction but a permanent restructuring to replace middle managers with AI. But current and former Block employees are pushing back, saying that roughly 95% of AI-generated code changes still require human modification. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."
Coinbase, Robinhood earnings, U.S. jobs report: Crypto Week Ahead
Your look at what's coming in the week starting Feb. 9.
Bitcoin rallies past $93,000 after inflation data increased chances of further rate cuts
The largest cryptocurrency is now facing a key "resistance" zone at $93,500-$95,000, which has capped its price for nearly two months.
Bitcoin spikes to $92,500 as U.S. December consumer prices rise 0.3%
The U.S. Consumer Price Index came in roughly in line with expectations as market participants largely expects the Fed to leave interest rates unchanged at the January meeting.
The Fed's Turning Hawkish as This U.S. Employment Indicator Flashes Red
Challenger job cuts for October rose to their highest in more than 20 years.
Fed Cuts Rate in 'Risk Management' Move as Bitcoin Eyes Possible Upside
The U.S. central bank lowered its benchmark rate range by 25 basis points to 4%-4.25%, citing softening labor markets and economic uncertainty.
Does the Fed Need to Cut Now? Bitcoin Crumbles Back Below $113K After ISM Services PMI
A stalwart in showing strong economic activity, the ISM Services PMI has moved notably slower over the past three months.
Bitcoin on the Brink of All-Time High as Macro Tailwinds Gather Strength
Record equity markets, surging money supply and fiscal risks set the stage for a historic July rally in the largest cryptocurrency.
Bitcoin Week Ahead: Focus on Powell's Testimony, U.S. Core PCE as Tariff Deadline Looms
Friday's core PCE release is likely to show price pressures easing, but there is a fix.
Elon Musk Blasts U.S. Spending Bill as Debt Nears $37T
Tesla CEO calls Trump’s spending package the ‘Debt Slavery Bill’.
