The price of bitcoin briefly hit $25,000 on Sunday for the first time since June. After testing that level several times in recent days before retreating, bitcoin BTCUSD, +1.90% surged Read more
Tag: Money/Currency Markets
Coinbase earnings have Wall Street wondering whether crypto company is too optimistic or misunderstood
Coinbase Global Inc. executives remain optimistic about the long-run promise of their cryptocurrency platform, but they admitted Tuesday that current challenges in the crypto market are likely to persist. After Read more
Opinion: Five reasons high-flyers in the stock market will crash down to earth
It’s never boring these days. Recall that there are times when the S&P 500 goes 100 days or more without making a 1% intraday move. But big moves are the Read more
Fed’s Barkin wants to keep hiking interest rates until there is a ‘sustained period’ of inflation under control
While the inflation data this week was certainly “welcome,” the Federal Reserve should continue to raise its benchmark interest rate until the data show continuous progress on inflation, Richmond Fed Read more
U.S. import prices decline in July for the first time this year
The numbers: The cost of imported goods fell 1.4% in July, the U.S. Labor Department said Friday. This is the first decline since December and the largest since April 2020. Read more
U.S. import prices decline in July for the first time this year
The numbers: The cost of imported goods fell 1.4% in July, the U.S. Labor Department said Friday. This is the first decline since December and the largest since April 2020. Read more
Here are some stock moves to consider now that inflation has eased up, says Jefferies
After Wednesday’s downside inflation surprise rallied stocks and ushered the Nasdaq COMP, +2.89% out of a bear market, some may be wondering if a meltup is around the corner. Futures Read more
U.S. bond yields nudge lower as cooler inflation report reverberates
Treasury yields were a touch softer on Thursday, as traders continued to absorb signs of cooling U.S. inflation and its implications for the trajectory of monetary policy. What’s happening The Read more
Yes, you can buy a car with crypto—here’s how
Whether you think cryptocurrency is just a fad or the future of finance, it’s a fascinating technology. You probably made your last car purchase with boring old dollars, but maybe Read more
July inflation and jobs data suggest no recession this year, Laura Tyson says
““We’re not likely to see a recession this year.”” Worries about a recession, at least in the near term, have been ameliorated by the July consumer inflation and jobs data, Read more