The USD/ZAR price tilted upwards on Wednesday after the latest South Africa consumer inflation data. It rose to a high of 17.05, which was a few points below this month’s high of 17.14. It has rallied...
Tag: Inflation
Here’s How Many Wallets Is Needed For Bitcoin To Be An Inflation Hedge
One of bitcoin’s main selling points has been the fact that its return has often put it ahead of the inflation rate. Due to this, it has gained notoriety as the “digital gold” as a good portion of the...
When Bitcoin Will Become An Inflation Hedge? Scaramucci Explained
Many investors picked interest in Bitcoin, believing it could be a hedge against inflation. According to an analyst at D.A Davidson, Chris Brendler, BTC could become a hedge because it is decentralize...
This is When Bitcoin Will Become an Inflation Hedge
As per Steven Lubka, the managing director of private clients at Swan Bitcoin, ‘Bitcoin is working as a hedge against inflation despite its 2022 weak price performance.’ According to Steven, Bitcoin ...
5 Ways To Manage Your Career Ahead Of A Recession
A recession can create ups and downs in your career. getty If you’re an employee, chances are you’re feeling some concern about the economy and the job market. And your concerns are reasonable, given ...
“BTC Not Mature Enough To Act as Inflation Hedge”
Bitcoin (BTC) is gradually losing the confidence of investors as a potent hedge against inflation. Previously often touted as a safe haven from the economic effects of macroeconomic conditions, Bitcoi...
Bitcoin won’t hedge inflation until it hits 1B wallets: Scaramucci
Skybridge Capital CEO Anthony Scaramucci believes that while Bitcoin (BTC) continues to be an attractive asset, it has not reached the “wallet bandwidth” that is required for it to be considered an in...
Eurozone Business Activity Falls Amid High Inflation And Energy Uncertainty
Topline Activity in the eurozone’s private sector economy shrunk for the second consecutive month in August—raising fears of an incoming recession—amid record high inflation and uncertainty about ener...
Scaramucci Predicts When Bitcoin Will Become a Hedge Against Inflation
Despite being an outspoken supporter of bitcoin, the founder of the investment company SkyBridge Capital – Anthony Scaramucci – does not believe the asset has reached a status of a hedge against infla...
“Bitcoin Not Mature Enough To Act As Inflation Hedge” — SkyBridge Capital’s Scaramucci ⋆ ZyCrypto
Advertisement     Anthony Scaramucci, founder and CEO of SkyBridge Capital, does not think BTC can act as an inflation hedge just yet. Scaramucci is renowned for his b...
The Stock Market May Have Just Sent an Important Signal
The slump in the stock market could continue while the dollar becomes stronger as Wall Street waits for Fed Chairman Jerome Powell’s speech later this week and as concerns about inflation and a slower...
Would forgiving student debt drive up inflation? Only if you’re using lousy math
Sens. Bernie Sanders (I-Vt.) and Elizabeth Warren (D-Mass.) ran against each other for the Democratic nomination for president in 2020, but were in agreement on the need to cancel student debt. (Assoc...
Most Americans Worry Student Loan Forgiveness Will Worsen Inflation, Poll Finds
Topline The majority of Americans are concerned student loan forgiveness could worsen inflation, according to a CNBC/Momentive poll, as the Biden Administration prepares to make an announcement regard...
Carrefour Plans to Freeze Prices on 100 Consumer Products to Fight Inflation
Companies like Carrefour are also making targeted efforts to support the government’s inflation reduction strategy. French supermarket and retail giant Carrefour is making a bold move to help stem th...
Tesla stock is 40% undervalued after Inflation Reduction Act signing, analyst argues
The Inflation Reduction Act’s new $7,500 tax credit for electric vehicles could be a major tailwind to Tesla stock and the company’s bottom line, contends CFRA analyst Garrett Nelson. R...
U.K. inflation will exceed 18% in January: Citi
United Kingdom is on course to see inflation exceed 18% in January as the Office of Gas and Electricity Markets continues to lift energy price cap, says Benjamin Nabarro. He’s the Chief U.K. Economist...
The U.S. May Have Inflation Issues, But Take A Look At Europe
A customer pays for his fruit and vegetables with a ten pound sterling note, at a trader’s market … [+] stall in London on May 12, 2022. – Britain’s economy shrank in March on ...
Will reducing US inflation from 8.3% to 2% compare to Bitcoin and Ethereum?
Inflation is one of the most important global topics of 2022, with the U.S. hitting 8.3%, the UK as high as 10.1%, and countries such as Turkey seeing figures as high as 79.6%. These figures are well ...
9 ways the Inflation Reduction Act affects Medicare coverage, and what it means for you
Major changes to prescription drug affordability for more than 50 million beneficiaries enrolled in Medicare Part D are likely on the way because of a new law. The Inflation Reduction Act “finally del...
Citi projects UK inflation to breach 18% in January as energy prices skyrocket
Citigroup said it had identified the cause of the flash crash and corrected the error “within minutes.” Jim Dyson | Getty Images News | Getty Images LONDON — U.K. inflation is on course to...
Markets Now Expect 50bps Hike At September Fed Meeting
Federal Reserve Chairman Jerome Powell speaks during a news conference at the Federal Reserve Board … [+] building in Washington, Wednesday, July 27, 2022. (AP Photo/Manuel Balce Ceneta) Copyrig...
What to know this week in markets: Jackson Hole, inflation, earnings
The attention of the financial world will turn to Grand Teton National Park in the week ahead. The Kansas City Federal Reserve will host its annual economic symposium in Jackson Hole this week, with F...
U.S. Companies on Pace to Bring Home Record Number of Overseas Jobs
U.S. companies are bringing workforces and supply chains home at a historic pace. American companies are on pace to reshore, or return to the U.S., nearly 350,000 jobs this year, according to a report...
Schiff Says US Inflation Decline ‘Only Temporary,’ Mark Cuban Sued, JPMorgan CEO on Recession, Axie Infinity Update — Bitcoin.com News Week in Review
Gold bug and economist Peter Schiff has warned that the seeming ease in inflation for the United States economy is nothing to get too excited about, as Shark Tank star billionaire Mark Cuban is facing...
Schiff Says US Inflation Decline ‘Only Temporary,’ Mark Cuban Sued, JPMorgan CEO on Recession, Axie Infinity Update — Bitcoin.com News Week in Review – The Weekly Bitcoin News
Gold bug and economist Peter Schiff has warned that the seeming ease in inflation for the United States economy is nothing to get too excited about, as Shark Tank star billionaire Mark Cuban is facing...
Crypto Market in Turmoil, Project Complete Funding Rounds, Eurozone Inflation Hits 8.9% – crypto.news
The crypto market suffered its worst decline in the past few weeks, losing over 7%. Several projects announced their funding rounds. Eurozone inflation increases to a 25-year high. Eurozone Inflation...
BlockFi shows top growth among U.S. companies, the U.K. posts over 10% inflation and BitGo plans to bring a lawsuit against Galaxy Digital.
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, pr...
How the Inflation Reduction Act impacts retirees
President Joe Biden signed the wide-ranging Inflation Reduction Act (IRA) into law on Tuesday afternoon, bringing welcome news for many retirees. The new law makes the most consequential changes to Me...
Bitcoin’s Price Plummets on Global Inflation Concerns
The BTC hourly chart below illustrates the time of the German PPI announcement, in conjunction with the drop in BTC prices. The decline came along with excessive volume for the 06:00 UTC hour, when co...
Opinion: Stop misreading the Fed: It’s not getting cold feet about wrestling inflation to the ground
The Federal Reserve isn’t as mysterious as it’s made out to be. It’s not hiding coded messages in its communications. It’s not using obscure metaphors that seem to say one thing but actually mean the ...