Dow Jones futures fell modestly overnight, along with S&P 500 futures and Nasdaq futures. The stock market rally saw more losses, but closed off lows as investors tried to weigh the implications o...
Tag: Inflation
Warren Buffett says these are the best stocks to own when inflation spikes — with consumer prices now at a white-hot 9.1%, it’s time to follow his lead
Warren Buffett says these are the best stocks to own when inflation spikes — with consumer prices now at a white-hot 9.1%, it’s time to follow his lead Price levels continue to rise at a rate we...
While Inflation Hits 9.1%, Bitcoin & Ethereum Plummets!
The US consumer price index (CPI) data has been revealed, which stands at 9.1% from 2021. The data has made a major impact on both the traditional and crypto market. The two main drivers of the crypto...
Binance CEO Thinks US Inflation Should Be 500%, Here’s Why
While the entire market is panicking over recent US inflation data, Binance CEO Changpeng “CZ” Zhao thinks it is still somehow ‘’magically low.’’ The consumer price index increased 9.1% from a year ag...
GameStop is a recommended sell at $136 as inflation soars
GameStop Corporation (NYSE:GME) is trending. This week, the stock gained 6.36% to hit a valuation of $137. Last week, the stock gained by 4.15%. We think that the outlook will be highly volatile going...
Stock futures slip after Wednesday’s session as Wall Street awaits bank earnings
A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, July 13, 2022. Brendan McDermid | Reuters Stock futures slipped Wednesday night as traders look ahead to earnings fr...
How A New California Law Will Raise The Cost Of Consumer Goods Nationwide
California Gov. Gavin Newsom (AP Photo/Rich Pedroncelli, File) Copyright 2022 The Associated Press. All rights reserved Governor Gavin Newsom (D-Calif.) has been promoting the checks worth up to $1,05...
Stocks dip in choppy session after red-hot inflation data
U.S. stocks edged lower for a third straight session Wednesday as investors mulled hotter-than-expected inflation data for June. The S&P 500 slipped 0.5%, and the Dow Jones Industrial Average shed...
Ethereum Tanks By 5% As Inflation Jumps; Will ETH Drop More?
The US consumer price index which is a wide measure of everyday goods and services jumped to stand at 9.1% from the previous year. This announcement has left the global traditional and crypto market t...
Fed Could Weigh Historic 100 Basis-Point Hike After Inflation Scorcher
(Bloomberg) — Federal Reserve officials may debate a historic one percentage-point rate hike later this month after another searing inflation report piled pressure on the central bank to act. Mo...
Legendary Financier Bill Gross Blames These Two Factors for Inflation
For several weeks now, consumers have been taken in by a bad surprise. When they arrive at the checkout, the bill for their groceries has risen sharply and is nothing like the cost of the same produc...
Bitcoin Plunges Below $19,000 as Inflation Soars
Alex Dovbnya Bitcoin has tumbled together with stocks due to hot inflation data Bitcoin, the top cryptocurrency by market capitalization, has dropped to an intraday low of $18,916 on the Bitstmap exch...
3 warning signs from the 9.1% red-hot inflation report—and 3 signs of real hope
U.S. inflation came in hotter than expected in June as Americans continued to grapple with sky-high gas prices and soaring rent costs. The consumer price index (CPI) rose at a 9.1% annual rate last mo...
US Inflation Hit Record 9.1%, Bitcoin Price To Bottom?
Last month US Inflation hit four -decade high, nourishing the Federal Reserve’s determination to raise interest rate, which could reverse economic enlargement. Year-On-year the CPI has increased at th...
The Fed Can’t Whip Inflation Alone
But financial markets, whether crypto or equity, are generally less worried about inflation’s direct impact on Main Street than about the Federal Reserve’s response via the money supply, aka its overn...
Stock Futures Remain on Edge as June’s Inflation Report Looms
US stock futures are currently in a jittery state and could take further cues from the incoming latest inflation report. Stock futures remained largely unchanged early Wednesday amid anticipation for ...
US Inflation Remains Scorching Hot, Jumping to 9.1% in June — White House Says CPI Data Is Already ‘Out-of-Date’ – Economics Bitcoin News
According to the latest Bureau of Labor Statistics Consumer Price Index (CPI) report, U.S. inflation remains scorching hot as it has risen at the fastest yearly rate since 1981. June’s CPI data reflec...
The ‘Great Moderation’ is over and inflation has triggered a new regime: BlackRock
There has been a seismic, fundamental shift in the economic and markets regime that has dominated the U.S. – and much of the globe – for the past three decades. Or so says BlackRock, the world’s large...
Runaway inflation a bad look for both Trump and Biden
Incredibly, but also predictably, inflation has hit a fresh 40-year high of 9.1% following this morning’s CPI report. Looking historically, the run-up in inflation since COVID has been meteoric, now h...
Inflation Hits New High, Will Bitcoin And Ethereum Plummet Again?
Bitcoin and Ethereum have reacted negatively to the Consumer Price Index (CPI) print in the United States. The metric is used to measure inflation in the U.S. dollar and hit 9.1% for June which repres...
US Inflation Quickens to 9.1%, Amping Up Fed Pressure to Go Big
(Bloomberg) — US inflation roared again to a fresh four-decade high last month, likely strengthening the Federal Reserve’s resolve to aggressively raise interest rates that risks upending the ec...
Bitcoin dips under $20K as US inflation rises over 9%
Bitcoin’s (BTC) price has crashed under $20,000 following news that inflation in the United States has hit its highest point in 40 years. According to the latest statistics released by the US Bureau o...
Inflation at highest since 1981. How does your personal rate compare?
Grocery shopping in Rosemead, California on April 21, 2022. Frederic J. Brown | Afp | Getty Images Inflation jumped to a new 40-year high in June, the U.S. Bureau of Labor Statistics reported Wednesda...
Inflation Rises Again To 40-Year High—But Gas Prices May Help Drive That Down Soon
Topline Inflation is at its highest level since November 1981, according to data released by the Labor Department Wednesday, with consumer prices rising 9.1% from June 2021 to June 2022 and 1.1% from ...
The “Pasta Bowl Recession” – What It Means For Investors
AFP via Getty Images Key takeaways Sean Snaith predicts that the U.S. is on its way to a “Pasta Bowl Recession” This recession, he says, could come in gradually and ease up just as gradually, just lik...
Inflation And The ‘Fed Put’ Is Here To Stay
Inflation meter. getty If the old orthodoxy has any sway left in the modern economic landscape it aims for balanced growth. For a while there it did great until the “global financial crisis” blew a ho...
Bitcoin (BTC) Plummets After Red-Hot Inflation
The US Bureau of Labour Statistics released its Consumer Price Index for the month of June 2022. The CPI is revealed to be at 9.1%, the highest inflation increase in the US in 40 years. The CPI is a s...
Dow Falls 300 Points After ‘Ugly’ Inflation Report Adds To Recession Fears
Topline The stock market tanked on Wednesday after the Labor Department reported inflation unexpectedly surged to new highs in June, adding to already widespread recession fears as investors believe t...
Bitcoin wipes $15 billion from market cap in 10 mins as U.S. inflation data runs hot
On July 12, the price of Bitcoin (BTC) stabilized into a steady holding pattern ahead of the release of U.S. inflation data, which ultimately injected further downwards volatility. Indeed, news that i...
U.S. Inflation Hits 40-Year High of 9.1%
Key Takeaways U.S. inflation hit a 40-year high of 9.1% in June 2022, the U.S. Bureau of Labor Statistics confirmed today. Rising energy and gas costs were the biggest contributors to the surge. Bitco...
Here’s How Crypto Marketing is Reacting To the CPI Reports With 9.1% Inflation Rate
The much-awaited US Consumer Price Index statistics are finally released for the month of June 2022. As per the data, The CPI is reported to be at 9.1%. This marks one of the highest inflation rates i...