A cold chill has settled over the cryptocurrency market, with the flagship digital asset Bitcoin (BTC) falling around 35% since January. As a result, many people are left wondering how deep into a cry...
Tag: Inflation
Argentina Embraces Bitcoin in the Face of Rising Inflation
The people of Argentina are financially conscious by necessity. The country has been in a vicious cycle of hyperinflation and stabilization for decades. The recent turn of inflation that started in 20...
Walmart welcomes back annual hometown bash, acknowledges challenge of inflation
Doug McMillon, president and CEO of Walmart Inc. Corporation, participates in a Business Roundtable discussion on the”Future of Work in an Era of Automation and Artificial Intelligence”, d...
BofA’s US stock chief sees a floor of 3,200 for the S&P 500 (potential downside of 22%) — but here are 4 sectors she likes for inflation protection and cash return
BofA’s US stock chief sees a floor of 3,200 for the S&P 500 (potential downside of 22%) — but here are 4 sectors she likes for inflation protection and cash return We’re almost halfway through the...
Americans’ Economic Anxiety Shouldn’t Surprise Anyone
SANTA YNEZ, CA – MAY 29: Gas prices at a Mobil service station were at $6.40 per gallon with Diesel … [+] fuel selling for $6.42 per gallon during the Memorial Weekend traval holiday as vi...
Fed had to choose Between Inflation or Recession: Chief Economist
One might cause a recession, while the other could keep inflation high until 2023. According to Mohamed El-Erian, Chief Economic Advisor of Allianz, the Federal Reserve will have to “choos...
Investors may be in for this rude surprise: History shows inflation can take years to return to normal even when Fed hikes above 10%
History can be a powerful tool, particularly in a high-inflation environment like this one in which no suitable economic model seems to apply. Inflation — running at 8.3% as of April, near a four-deca...
Fed Vice Chair Lael Brainard says it’s ‘very hard to see the case’ for the Fed pausing rate hikes
Federal Reserve Vice Chair Lael Brainard said Thursday that it’s unlikely the central bank will be taking a break from its current rate-hiking cycle anytime soon. Though she stressed that Fed po...
Survey From Jack Dorsey’s Block Finds Close Relationship Between Inflation Rates and Bitcoin (BTC) Adoption
A new survey conducted by financial services firm Block reveals Bitcoin (BTC) enjoys higher appeal in countries with high inflation levels. The study by the Jack Dorsey-led financial services company ...
Yellen’s mea culpa on inflation
Asked about her statements of the previous year on the subject of inflation on the microphones of Wolf Blitzer of CNN’s “The Situation Room”, US Treasury Secretary Janet Yellen admits her mistakes. J...
Cramer likes this alternative energy play for an inflation environment
CNBC’s Jim Cramer on Wednesday gave investors his blessing to buy shares of Atlantica Sustainable Infrastructure. “Atlantica’s a real company that sells real stuff at a profit and re...
Inflation And Biden’s Whole-Of-Government Price Hike
The Trump era saw countless news stories quoting unnamed officials speaking disapprovingly of their boss “on the condition of anonymity.” Because of record-level inflation that will persist through th...
Gas prices: 7 U.S. states top $5 per gallon as inflation bites
Brace yourselves for more pain at the pump this summer. Seven states are now at an average of $5 or higher per gallon, according to AAA data, with Illinois becoming the latest to join California, Oreg...
Treasury Secretary Yellen Says She Was Wrong About Inflation
Treasury Secretary Janet Yellen said Tuesday her inflation projections were wrong in statements she made last year as consumer prices began a surge to their highest level in decades. “I think I was wr...
The Fed’s Mary Daly says rate hikes should continue until inflation is tamed
San Francisco Federal Reserve President Mary Daly said Wednesday she backs raising interest rates aggressively until inflation comes down to a reasonable level. Those moves likely would entail multipl...
Consumer Confidence Declined In May Amid Inflation And Rising Interest Rates
Getty Images Key takeaways The Conference Board’s Consumer Confidence Index fell in May amidst 40-year-high inflation Consumers cite increasing worries about food and energy prices, plus decreasing de...
Inflation is breaking highs while the Dollar surges, making the Global Stock Market struggle
Following the surge in the US dollar’s value along with rising inflation the stock markets are all around facing the obvious situations of experiencing lows The correlation of the US Dollar with...
No Relief In Sight For Gas Prices Or Biden
LONG BEACH, CALIFORNIA – MARCH 07 : In this composite image taken at the same gasoline station … [+] 43-years apart, the price differences are reflected decades later. Top photo, taken May...
U.S. stocks end lower Tuesday as Biden, Powell meet on inflation; Dow, S&P eke out gains in May
U.S. stocks closed lower Tuesday, the final session of May, as Treasury yields pushed higher following last week’s equity market bounce after a historic string of weekly losses. The Dow Jones Industri...
EU Regulator Warns Soaring Inflation Could Drive Investors to Crypto — Calls for Unified Regulatory Framework – Regulation Bitcoin News
Europe’s top securities regulator has warned that soaring inflation could drive investors to cryptocurrencies. Stressing that there is “an imbalance” in how each EU country deals with crypto, the regu...
Biden Meets With Fed Chair Powell, Says Fighting Inflation Is ‘Top Economic Priority’
Topline President Joe Biden met with Federal Reserve Chair Jerome Powell at the White House on Tuesday to discuss tackling historically high levels of inflation, declaring it a top priority for the ad...
Euro-zone inflation hits 8.10%: ‘we think they’ll normalise rapidly’
A continued increase in energy prices saw inflation in the euro-zone hitting a new record of 8.10% in May, the preliminary data from Eurostat revealed on Tuesday. Expectations were for an increase to ...
French Inflation Hits Another Record, Feeding Rate Debate
(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Most Read from Bloomberg French inflation accelerated to another all-time high, hea...
Dow Falls 200 Points As Experts Warn That High Inflation Could Lead To Further Selloff
Topline The stock market fell on Monday, failing to build on recent gains after its best week since November 2020, as widespread selling pressure resumed amid growing fears about surging inflation lea...
ChainLink price analysis: LINK suffers from short-term inflation at $7.4
Chainlink price analysis for 31 May 2022 implies the market is following a solid bullish movement. The price of Chainlink has remained stable over the past few hours; however, the trend has shown infl...
Maybe Things Aren’t That Bad For The Stock Market After All
the dark clouds part getty So was last week’s 6.6% market advance a head fake after six weeks of red ink for the S&P 500? Odds are that May’s last full week was an interlude in the steady downtren...
High Eurozone inflation hits record 8.1% rocking bank shares
Since the war in Ukraine started, the Economic Sentiment Index (ESI) has been much weaker than before. Historically it is at quite a strong level but is not tied to an economic recession, currently ho...
Electric Trucks Can Fight Inflation – And Petro-State Dictators Like Putin
Electric truck being charging at charging station. 3D rendering image. getty Russia’s invasion of Ukraine has cost tens of thousands of lives and produced a stream of devastating images documenting th...
Argentines Drawn to Bitcoin as Inflation Skyrockets
Argentines are turning to bitcoin to battle an ever-increasing inflation rate. In April, inflation touched 58%, its biggest jump in 30 years. Fear of inflation has been so strong that banks have bowed...
Argentina Crypto Adoption Increase To Fight Against Surging Inflation – Coinpedia – Fintech & Cryptocurreny News Media
Argentina is now one of the crypto-friendly countries in terms of crypto adoption. Argentina has been engaged in a war against inflation since 2016, caused by a lack of trust in the Central bank or go...