The numbers: A closely-watched index that measures U.S. manufacturing activity fell 0.7 percentage points to 50.2 in October, according to the Institute for Supply Management on Tuesday. Economists surveyed by Read more
Tag: Money/Currency Markets
Who is Satoshi Nakamoto and what does his 14-year-old bitcoin white paper mean for the cryptocurrency today?
It’s bitcoin white paper day. On Oct. 31, 2008, a person or a group of people using the pseudonym Satoshi Nakamoto sent a 9-page paper to a mailing list of Read more
Chicago PMI weakens further in October
The Chicago Business Barometer, also known as the Chicago PMI, dropped to 45.2 in October from 45.7 in the prior month, according to data released Monday. Economists polled by the Read more
Chicago PMI weakens further in October
The Chicago Business Barometer, also known as the Chicago PMI, dropped to 45.2 in October from 45.7 in the prior month, according to data released Monday. Economists polled by the Read more
Argo Blockchain shares collapse as planned fundraising falls through
Argo Blockchain PLC shares fell Monday after it said it no longer expects to carry out a share subscription with a strategic investor, and warned it would need to complete Read more
Another jumbo Fed rate hike is expected this week — and then life gets difficult for Powell
First the easy part. Economists widely expect Federal Reserve monetary-policy makers to approve a fourth straight jumbo interest-rate rise at its meeting this week. A hike of three-quarters of a Read more
Google Cloud launches first Web3 product in private view
Google Cloud this week announced the launch of a blockchain product, which is available in private view. “This is the first time Google Cloud has launched a first party product Read more
Another Fed jumbo rate hike is expected next week and then life gets difficult for Powell
First the easy part. Economists widely expect the Federal Reserve to approve the fourth straight jumbo interest rate rise at its meeting next week. The three quarters of one percentage Read more
A $175,000 house sold via an NFT. People have questions.
Last week, Roofstock, a digital real estate platform, facilitated the sale of a $175,000 home in South Carolina through a non-fungible token, prompting a debate over whether the technology smooths Read more
Market expectations start to shift in direction of slower pace of rate hikes by Fed
In a year dominated by worries about inflation and rising interest rates, strategists and traders said a narrative is building within financial markets in which the Federal Reserve will likely Read more