(Bloomberg) — Bitcoin briefly surpassed $25,000 for the first time since mid-June, as momentum continued from cooler-than-expected US inflation data and progress toward Ethereum’s big upgrade. The largest cryptocurrency rose as much as 2.2% on … Read more
Prices that consumers pay for a variety of goods and services rose 8.5% in July from a year ago, a slowing pace from the previous month due largely to a drop in gasoline prices. On … Read more
There’s a lot of speculation lately about whether the U.S. is officially in a recession. Both President Joe Biden and Federal Reserve Chair Jerome Powell said we’re not there just yet, pointing to the strong labor market and rising wages. … Read more
Stock futures fell Friday after the July jobs report was much better than expected, showing a strong labor market that will likely mean more interest rate hikes from the Federal Reserve. Futures on the Dow … Read more
Bitcoin hovered around $24,000 on Friday, hitting a 6-week high as it continues to follow stock markets higher. The world’s largest digital currency reached $24,412 on 2:30 a.m. ET on Friday, according to CoinDesk data, its … Read more
Something’s Gotta Give at the Fed TL/DR “Inflation has to stabilize higher than 2%, unemployment must baseline above 5%, or GDP must go significantly lower. Something has to give.” Questions were asked about the rationale … Read more
Federal Reserve Vice Chair Lael Brainard became the latest official to speak out on crypto, saying Friday that regulation is needed or the industry could become a wider danger. “Innovation has the potential to make … Read more
Yesterday the Fed released the minutes from the FOMC’s July meeting. There were few surprises, but two things really stood out; members are anxious about inflation and they’re anxious about a recession. Yesterday the Fed … Read more
U.S. equities futures were moderately lower on Wednesday morning after the market staged a big midday reversal on Tuesday, with falling bond yields giving a boost to growth stocks, and ahead of a batch of … Read more
“Don’t underestimate the power of a narrative” says our guest on GoldCore TV this week. Jim Rickards joins Dave Russell to talk about perception, the Putin Price Hike, and why he believes Ukraine cannot win … Read more