Finance
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Meet the Fortune Crypto 100: A ranking of the very best companies in blockchain
In 2010, “crypto” consisted of the Bitcoin blockchain and a motley group of visionaries, builders, and outlaws. Today, crypto is a multi-trillion-dollar industry whose reach spans from humble villages to the biggest banks on Wall Street. This evolution reflects the tireless work of thousands of entrepreneurs who have built a global technology stack, often in…
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Inflation is back above 4% for the first time since 2023—but Kevin Warsh might catch a break
Consumer prices rose 0.5% in May, the Bureau of Labor Statistics reported Wednesday, lifting annual inflation to 4.2% from 3.8%—the first 4%-handle increase in three years. But the heat was mostly contained in energy: It accounted for more than 60% of the monthly damage, with gasoline jumping 7% from April and 40.5% over the year…
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‘I love the inflation’: Trump is ‘not concerned’ about inflation hitting 4% for the first time since 2023. ‘The numbers were great’
President Donald Trump praised the inflation report in comments to reporters Wednesday, saying, “the numbers were great” and “I love it.” When asked by a reporter in the Oval Office if he was concerned about the inflation report that came out today, the president replied in the negative. “I’m not concerned about the latest inflation…
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Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer
In the early days of the Iran war, analysts held the grim prediction that crude oil prices would top $200 a barrel, nearly triple pre-war prices. But more than three months into the conflict, their fears have not materialized, and analysts have China’s trade activity to thank for it. “As the conflict enters its fourth…
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Current price of oil as of June 10, 2026
At 9 a.m. Eastern Time today, the price of oil sits at $94.27 per barrel, using Brent as the benchmark (we’ll explain what that means shortly). That’s a decrease of 79 cents since yesterday morning and roughly $27 more than at this time last year. oil price per barrel % Change Price of oil yesterday…
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Exclusive: Mastercard launches protocol to let AI agents pay each other, send micropayments
Mastercard is diving deeper into AI payments. The card giant announced on Wednesday that it was launching a protocol to let AI actors more easily pay each other. Called Agent Pay for Machines, the new network is meant to make smaller money transfers easier when, for example, an AI agent wants to access data piecemeal…
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‘The circulatory system isn’t working.’ Goldman on what’s really wrong with private markets
The machine that powers private markets — the steady rhythm of companies being bought, built, and sold — is jammed. Hold periods for buyout-backed companies have stretched to nearly seven years, up from five-and-a-half a decade ago. Distributions to investors, the lifeblood of the entire ecosystem, have fallen far below the historical norm of 15%-20%.…
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America’s emergency oil reserve is about to hit its lowest level since Reagan was in office
The nation’s emergency reserve for oil and fuel supplies is slipping below Biden-era lows to its most exhausted level since the Reagan era—when the nearly 50-year-old U.S. Strategic Petroleum Reserve was still being filled up. The SPR will hit its lowest volumes since 1983 any day now—if not already—and continue sinking lower as the Trump…
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Visa’s CFO downplays the importance of stablecoin and agentic commerce to the U.S. payments giant—at least in the short term
Payments giant Visa is growing at its fastest rate in years, but it’s not because of some of its latest innovations in digital currencies and agentic AI. Visa first started offering stablecoin settlements in 2023 and now has 130 stablecoin-linked card issuing programs across 40 countries. It’s also experimenting with agentic commerce, or allowing AI…
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Sam Bankman-Fried formally files for pardon—but White House reiterates that FTX cofounder’s odds are slim
Convicted crypto fraudster Sam Bankman-Fried formally submitted a pardon request with the Department of Justice, but the odds of President Donald Trump granting him clemency remain slight, according to a White House spokesperson. The status of Bankman-Fried’s request is currently listed as “pending,” per the Department of Justice’s website on Monday. The FTX cofounder’s petition…