Crypto

U.S. inflation above 4 percent adds downside pressure on bitcoin and gold

U.S. consumer price inflation rose above 4 percent in May, raising the prospect that bitcoin and gold could face more pressure this year, a report said. The 4.2 percent annual gain weakened expectations for Federal Reserve rate cuts and prompted some to discuss the possibility of a rate hike within the year. Analysts cited real rates and limited liquidity as key factors, while CME futures implied a 98.4 percent chance rates stay unchanged at the June 17 FOMC meeting.

Mobility

Stellantis, Factorial begin first solid-state battery road test in North America

Stellantis and solid-state battery developer Factorial Energy have begun the first on-road test of a solid-state electric vehicle battery in North America. The companies are using a Dodge Charger Daytona development vehicle equipped with Factorial\'s FEST cells. They said the test is the first to integrate a solid-state battery into a North American EV platform for validation in real road conditions. Factorial recently listed on Nasdaq under the symbol FAC.