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This Wednesday, the U.S. will release May CPI data — a key test for rate cut expectations. Cleveland Fed forecasts 2.4% YoY CPI (up from 2.3%), with core CPI flat.
💬 If inflation beats expectations, will the Fed still cut in June? Will you stay on the sidelines or take early action?
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Apple, Google, Airbnb, and X are in talks to integrate stablecoins into their payment systems, aiming to cut fees and streamline global payments. Following Circle’s IPO surge, stablecoins are quickly gaining traction across tech and finance.
💬 Could stablecoins be - Trading Myth vs Reality: Rising Wedge
❌ Myth
"A rising wedge is a bullish signal; buy immediately once the pattern completes."
✅ Reality
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1.A clear break below the lower line (2 confirmed closes)
2.Volume increase on the break
3.A pullback that doesn't break above the lower line
💡 How to trade correctly:
· Wait for the pullback after the break
· Set stop-loss above the upper line
· If price breaks above upper line, volume must confirm or it's a false breakout
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'Rich Dad Poor Dad' author joins Elon Musk's war against rising 'debt ceiling'
'Rich Dad Poor Dad' author joins Elon Musk's war against rising 'debt ceiling' originally appeared on TheStreet.
'Rich Dad Poor Dad' author and Bitcoin advocate Robert Kiyosaki thinks it's not possible to fix the U.S. debt problem:
Kiyosaki made the comment while discussing the rising national debt and President Donald Trump's "big, beautiful bill" with host Brian Rose on the London Real podcast.
The bestselling author urged the viewers to abandon fiat money and choose Bitcoin, gold, and silver, as he believes the country is poised for the greatest financial collapse in history.
Kiyosaki doubled down on his earlier prediction and repeated that the king coin will hit the price of $1 million within the next 10 years.
Kiyosaki gave credit to the tech-savvy young generation for adopting Bitcoin earlier, as his "boomer" generation was "sound asleep at the wheel."
When Rose asked Kiyosaki's opinion about people criticizing the big, beautiful bill for "still too much spending," the author said that he doesn't think the debt issue is fixable. He warned that America is going deeper and deeper into debt.
Kiyosaki criticized the Fed for printing money every time there is a deficit challenge facing the economy. He warned:
Among the most prominent voices against Trump's latest bill is Elon Musk, who dubbed it the "Debt Slavery Bill." The nonpartisan Congressional Budget Office estimates the bill could add up to $3.8 trillion to the already rising debt of $36.9 trillion over the next ten years.
Bitcoin, the asset Kiyosaki trusts will save the people from such crises, was trading at $104,469.80 at press time, up nearly 50% over the last 12 months.
'Rich Dad Poor Dad' author joins Elon Musk's war against rising 'debt ceiling' first appeared on TheStreet on Jun 5, 2025
This story was originally reported by TheStreet on Jun 5, 2025, where it first appeared.
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