Inflation Surprise! Markets Swerve Wildly as Core CPI Rises at Fastest Pace Since 1982
A whipsaw morning in trading follows the release of September’s official U.S. inflation numbers.
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Oct 13, 2022 at 9:38 p.m. UTC
Oct 13, 2022
Economy
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Crypto Stocks Plunge as Bitcoin Slides to $18.1K on Inflation Data
Coinbase has tumbled 11%, while MicroStrategy, Riot Blockchain, Marathon Digital are all down in the area of 7%.
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Oct 13, 2022 at 2:39 p.m. UTC
Oct 13, 2022
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Bitcoin Sinks After US CPI Report Shows Inflation Hotter Than Expected
The "core" Consumer Price Index, seen as a more steady indicator of inflation, rose 6.6% from a year prior – a four-decade high.
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Oct 13, 2022 at 12:51 p.m. UTC
Oct 13, 2022
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US Consumer Price Index for September Could Provide Push for Bitcoin to Break Out of Its Recent Range
The world’s largest cryptocurrency has been trading in a range between $18,000-$22,400 since the start of September.
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Oct 12, 2022 at 6:01 p.m. UTC
Oct 12, 2022
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South African Non-Profit Bitcoin Ekasi Opens Education Center
The center will educate residents of Mossel Bay on bitcoin, finance and other subjects.
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Oct 11, 2022 at 8:07 p.m. UTC
Oct 11, 2022
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Valkyrie Funds, Ark Invest Say Crypto Has Hit ‘Bottom’ Amid Recession Woes
Frank Downing, director of research at Ark Invest and Steven McClurg, co-founder of asset management firm Valkyrie, joined “First Mover” to discuss the state of crypto, the ec...
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Oct 7, 2022 at 6:53 p.m. UTC
Oct 7, 2022
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Crucial US Jobs Report Could Test Fed's Resolve, Bitcoin's Resilience
Friday's report from the U.S. Labor Department on nonfarm payrolls is expected to show an addition of 250,000 jobs in September, a slowdown from the 315,000 reported for Augus...
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Oct 5, 2022 at 7:57 p.m. UTC
Oct 5, 2022
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Fed Hikes Rates to Highest Since 2007; Bitcoin Slides Toward $19K
This is the third consecutive time that members of the Federal Open Market Committee raised rates by 75 basis points, signaling how serious inflationary pressures have gotten...
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Sep 21, 2022 at 6:15 p.m. UTC
Sep 21, 2022
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Markets Plummet as Inflation Comes In Hot
Core inflation went up more than twice as much as economists anticipated.
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Sep 13, 2022 at 8:56 p.m. UTC
Sep 13, 2022
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Path Forward for Crypto Gets Tougher After US CPI Report Comes in Hot
It's becoming a game of Whac-A-Mole for the Federal Reserve to keep consumer prices from shooting up. That might mean an aggressive-for-longer stance on monetary policy, osten...
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Sep 13, 2022 at 4:24 p.m. UTC
Sep 13, 2022