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Tag: Money/Currency Markets
Suze Orman says to do this right now if you’re worried about inflation
The rate of U.S. inflation reached a 40-year high of 8.6% in May as overall prices for things including rent, gas and food all remain on the rise. Financial commentator Read more
Bitcoin crash ‘absolutely’ a buying opportunity, Michael Saylor says
“‘Nobody has ever lost money investing in bitcoin for four years.’” That was MicroStrategy MSTR, -7.41% CEO and bitcoin BTCUSD, -6.18% optimist Michael Saylor talking about the recent dip in Read more
Chicago PMI down sharply in June
The Chicago Business Barometer, also known as the Chicago PMI, fell to 56 in June from 60.3 in the prior month. Economists polled by the Wall Street Journal forecast a Read more
Jobless claims inch lower in latest week
The numbers: Initial jobless claims fell 2,000 to 231,000 in the week ended June 25, the Labor Department said Thursday. Economists polled by The Wall Street Journal had estimated new Read more
Chinese lithium producer Tianqi seeks $1.7 billion IPO in Hong Kong
Tianqi Lithium Corp. , one of the world’s largest producers of battery-grade lithium compounds, said Wednesday that it plans to raise the equivalent of up to $1.7 billion in a Hong Kong Read more
Grayscale sues SEC after its bid for a spot bitcoin ETF is rejected
Grayscale Investments sued the U.S. Securities and Exchange Commission on Wednesday, shortly after the regulator rejected its bid to list the first spot bitcoin exchange-traded fund. The SEC has denied Read more
Court orders liquidation of crypto hedge fund Three Arrows
A British Virgin Islands court ordered the liquidation of Three Arrows Capital Ltd. after creditors sued the cryptocurrency hedge fund for failure to repay debts. Nichol Yeo, a partner at Read more
Bitcoin could experience a ‘final washout’ decline before reaching a bottom of $13,000, this technical analyst says
Bitcoin is struggling to hold above the psychological level of $20,000, as the Dow Jones Industrial Average DJIA, +0.28% strives to hold its gains on Wednesday. The cryptocurrency BTCUSD, -1.35% Read more
Powell says no guarantee of soft landing
Fed Chairman Jerome Powell on Wednesday said there was no guarantee that the central bank can engineer a soft landing for the U.S. economy. “We think that there are pathways Read more