#economy
Latest cryptocurrency news and articles about economy. Stay updated with developments, analysis, and insights.
OPEC+ increases production and dumps 1.65 million barrels back early
Saudi Arabia is slashing crude prices again, this time across all grades headed to Asia, and it’s happening quite fast. Saudi Aramco, the kingdom’s state oil company, just dropped the price of its fla...
The Fed’s Race Against Employment Weakness
The Fed is wary of cutting rates due to weak employment figures. A significant 50 basis point rate cut possibility emerges amid economic concerns. Continue Reading: The Fed’s Race Against Employment W...
US bond market rallies after weak jobs data, with 10-year yield at lowest since April
The 10-year US Treasury yield dropped sharply on Monday, falling over 2 basis points to 4.059%. That move came just days after it hit a major high above 5%, a level not seen since July. Now that might...
US Federal Reserve wait on CPI, PPI as markets brace for data-packed week
Every trader is locked in right now, and every desk is watching. The final inflation prints before the Fed’s September meeting are coming, and they’re coming in hot. This week is loaded. We got six bi...
Stocks, gold and copper surge worldwide, shaking off global political chaos
Stocks worldwide are pushing higher on Monday as traders react to a pile-up of global political messes and inflation nerves. Futures linked to the Dow Jones Industrial Average increased by 69 points, ...
Will the Fed Cut Interest Rates in September? With the Critical Fed Decision Just Days Ahead, Standard Chartered Updated Its Forecast!
Fed Chairman Jerome Powell's mild statements in Jackson Hole and the incoming economic data make it seem certain that the Fed will cut interest rates in September. At this point, a 25 basis point cut ...
Japan’s economy grew faster in Q2 after officials raised the GDP estimate
Japan raised its second-quarter GDP estimate because households spent more and businesses kept investing, showing that domestic demand is stronger than expected. The Cabinet Office had earlier reporte...
Crucial Fed Rate Cut: Standard Chartered Predicts Surprising 0.5% Drop in September
BitcoinWorld Crucial Fed Rate Cut: Standard Chartered Predicts Surprising 0.5% Drop in September The financial world is buzzing with a significant shift in expectations for the U.S. Federal Reserve’s ...
Russia’s economic plunge leaves China scrambling to redirect exports abroad
China’s carmakers are watching the Russian market fall apart fast. What started as a goldmine after the Ukraine invasion is now a closed gate. Chinese brands rushed in when Western automakers left. Th...
Trump’s top oil donors are now directly influencing U.S. energy policy
Oil billionaire Harold Hamm was spotted celebrating with Donald Trump at Mar-a-Lago as the 2024 election results rolled in, according to reporting from The Wall Street Journal. Harold is the founder o...
Ishiba exit triggers debt panic and leadership scramble
Japan’s bond market is cracking, and stocks are swinging after Prime Minister Shigeru Ishiba finally stepped down on Sunday. The country’s financial nerves were already frayed, but this just lit the f...
Kevin Hassett accuses the Fed of losing independence and overstepping its mandate
Kevin Hassett, a top contender to lead the Federal Reserve, says the U.S. central bank has “put its independence and credibility in jeopardy” by doing more than it’s supposed to. On CBS’ Face the Nati...