#economy
Latest cryptocurrency news and articles about economy. Stay updated with developments, analysis, and insights.
Oracle stock fell 6% after hitting a record high of $328.33 the day before
Oracle tumbled by 6% on Thursday after touching an all-time high just a day before. The drop came fast after a brutal reality check: nearly all of its hyped growth is tied to just one client, OpenAI, ...
S&P 500 closes at a record high of 6,587.47 as the Dow surges by 617 points to 46,108.00
The S&P 500 broke past 6,587 on Thursday, setting a fresh all-time high as traders across Wall Street priced in a likely rate cut from the Federal Reserve next week. The Dow Jones closed up by 617 poi...
Bank of Japan is planning to slowly sell its ¥37 trillion ETF holdings built up since 2010
The Bank of Japan is working on a plan to slowly sell off its 37 trillion yen stash of exchange-traded funds, a pile built up over 13 years to prop up a stagnant economy. The idea is to offload the ri...
Saudi cuts crude burn while OPEC+ lifts output
Saudi Arabia is releasing 500,000 extra barrels of crude per day into the market this month. The reason? Production is going up, and the need to burn oil at home is falling fast now that summer is coo...
ECB leaves interest rates at 2% with Trump tariff threats leading uncertainty
The ECB kept its key deposit rate unchanged at 2% on Thursday, choosing to stand still for the second straight meeting. That decision was widely expected, with markets pricing in a 99% chance of no mo...
Unsettling Rise: US Initial Jobless Claims Hit 263K, Exceeding Forecasts
BitcoinWorld Unsettling Rise: US Initial Jobless Claims Hit 263K, Exceeding Forecasts The latest economic data has sent a ripple through financial markets, including the cryptocurrency space. For the ...
Markets lock in 25bps Fed rate cut as US CPI hits 2.9% in August
CPI rose 2.9% in August, locking in a 0.25% rate cut from the Federal Reserve next week, plain and simple. The monthly number came in hot at 0.4%, jumping from 0.2% in July, according to the U.S. Bure...
The Week’s Big Event Boosts Appetite in Financial Markets
Influential event spiked interest in financial markets after PPI data below expectations. US inflation metrics aligned with forecasts, indicating a positive market stance. Continue Reading: The Week’s...
BREAKING NEWS! Critical US Inflation Data Released! Here's Bitcoin's (BTC) First Reaction!
Bitcoin (BTC) and altcoins are on the rise as expectations rise for a 50 basis point interest rate cut from the Fed next week. BTC rose above $114,000, Ethereum (ETH) rose above $4,400, and XRP above ...
Stocks, dollar, gold coast within range as markets price in Fed’s CPI
Stocks across the globe hit pause early Thursday as traders waited for the CPI print scheduled for 8:30 a.m. ET, one of two inflation checks this week. Futures for the S&P 500 barely moved, rising jus...
Trump ordered India to stop buying Russian oil and imposed 50% tariffs when it refused
India’s oil trade and currency markets are taking a direct hit after the policy split between Washington and Brussels on Russian oil blew wide open this week. In October, India’s imports of Russian cr...
The ECB will keep interest rates unchanged on Thursday but is still open to a possible cut
The ECB will keep interest rates unchanged this Thursday, according to Reuters, even as inflation across the 20-country euro zone slows to match the central bank’s 2% target. But despite this hold, th...