The Fed cut rates by 25 bps. How did the crypto market react?
The Federal Reserve has cut its benchmark fed funds rate range by 25 basis points to 4%-4.25%, in its first reduction since December 2024. How did the crypto market react to the dovish Fed outlook? CoinDesk’s Jennifer Sanasie breaks it down in a special “CoinDesk Daily” from Rio de Janeiro.
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This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.
P.M. Edition for Sept. 18. Nvidia announced a $5 billion investment in beleaguered chip maker Intel. WSJ tech policy reporter Amrith Ramkumar discusses what Nvidia hopes to get from the partnership, and whether it’s enough to reverse Intel’s falling fortunes. Plus, the Trump administration has made an emergency request to the Supreme Court to allow it to remove Federal Reserve governor Lisa Cook. We hear from Journal legal affairs reporter Lydia Wheeler about how this might play out before the next Fed meeting in late October. And American Express is raising the annual fee on its Platinum credit card to $895. Personal economics reporter Imani Moise talks about whether that price tag might be worth it to affluent clients. Alex Ossola hosts.
Plus: Nvidia announces an investment in Intel. And Cracker Barrel predicts lingering consequences from its rebranding campaign. Katherine Sullivan hosts.
An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor.
This week, the Federal Reserve cut interest rates and made it clear that its attention is turning to the labor market. It’s showing cracks, particularly for Black workers. On the show today, Massachusetts Rep. Ayanna Pressley joins Kimberly to discuss rising Black women’s unemployment in the United States and why she’s calling on the Fed to do something about it. Plus, Kimberly digs through your anime recs. Which ones have you seen?
Gravitational waves show two black holes merge just how Hawking predicted. Plus, a space mission without a target. And a Space probe without a confirmed budget.
In January 2025 the LIGO gravitational wave observatories witnessed two distant black holes spinning into each other. In the ten years of LIGO’s operations, that’s not a first. But the instruments have been improved to such an extent that this time some very important predictions of General Relativity and out understanding of black holes could be tested. As Birmingham University’s Alberto Vecchio says, the elegant simplicity of the mathematics of black holes has passed a test, in particular Stephen Hawking’s prediction that the surface area of merging black holes can only be increased.
Space craft have met comets before. But because spaceflight takes so long to plan and fund, we’ve only sent them to comets with human-lifetime orbital periods so far, because we know when they’re arriving. ESA wants to meet one we’ve never seen before, one that has never or seldom been in close to the sun, and never been barbecued and seared by the radiation. Colin Snodgrass of the University of Edinburgh explains the plan to launch and park a comet chaser in space to wait for one of these elusive extraterrestrial objects to come in from the cold.
That, says Meg Schwamb of Queen’s University Belfast, is going to be much easier in the next few years as the Vera Rubin Telescope begins its ten year survey cataloguing anything in the sky that changes. The type of sky survey it will provide will identify, it is hoped, many candidate first-time comets for the small fleet of spacecraft to intercept.
Having a spacecraft ready in position rather than having to launch a new one anytime you want to do some science is a good place to be, one would think.
NASA’s Juno mission has been delivering science from Jupiter since its launch, and is still functioning and able to deliver more. Yet NASA funds are under considerable threat, and as Scott Bolton tells Roland, at the end of this month Juno could be left slowly spiralling into the gas giant, silently collecting data but with no budget to keep the science going.
Presenter: Roland Pease
Producer: Alex Mansfield
Production Coordinator: Jana Bennett-Holesworth
Intel has benefitted from multiple major investments in 2025 but perhaps none more headline-grabbing than this: Nvidia and Intel agree to co-develop products for data centers and PCs. Nvidia also made a $5 billion investment. In this episode, our team breaks down the deal as well as talks about a proposal from President Trump to eliminate quarterly financial reports before wrapping up with stocks on our radar.
Tyler Crowe, Matt Frankel, and Jon Quast discuss:
- Nvidia takes a $5 billion stake in Intel as the pair begins co-developing products
- Would it be a good thing if companies were no longer required to report quarterly financial results?
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Along with the terrible cost in human lives, wars often bring rapid technological innovation and the war in Gaza is no different. More Israeli soldiers’ lives have been saved in this war compared to previous wars, thanks to medical advances, new technology and lessons learned on the operating table. We hear about some about some of the medical innovations being made.
Plus: Meta approaches media companies about AI content-licensing deals. And Huawei plans to release new AI chips over the next few years. Julie Chang hosts.