#economy
Latest cryptocurrency news and articles about economy. Stay updated with developments, analysis, and insights.
China hits U.S. optical fiber suppliers with rate hikes in trade tension escalation
China added new tariffs on more U.S. optical fiber after a six-month probe found U.S. suppliers tried to dodge earlier penalties. The tariffs took effect Thursday Beijing time and cover “certain cut-o...
How Employment Trends Shake Up the Cryptocurrency Market
The ADP employment data hints at potential Fed rate cuts, influencing cryptocurrency growth. A decline in employment figures was noted, falling short of previous estimates. Continue Reading: How Emplo...
China considers market curbs as $1.2T stock rally surges
China’s regulators are considering new steps to slow the stock market. This is after a $1.2 trillion rally in just over a month, raising fears of overheating and risky speculation. The possible steps ...
Former Treasury Secretary warns investors may be underestimating risks to Federal Reserve’s independence
Former Treasury Secretary Lawrence Summers warned that investors may be underestimating risks to the Federal Reserve’s independence, saying calm conditions could change fast. “We’re on the foothills o...
U.S. records lower-than-expected 7.18M job openings in July
U.S. jobs data released Wednesday showed a weakening U.S. labor market. The Job Openings and Labor Turnover Survey (JOLTS) report showed 7.18 million job openings in July. The JOLTS report also came i...
Gold has gained 37% year-to-date, nearly four times the S&P 500’s return despite a strong rally
Gold is running laps around Wall Street’s finest. The S&P 500 has surged 1,650 points in under five months, one of the strongest runs in decades. But according to fresh numbers from Apollo, gold is up...
Oil prices fell over 2% on Wednesday after news broke that OPEC+ may raise production again in October
Oil took a hit on Wednesday after word broke that OPEC+ is weighing another production boost for October. Brent dropped by $1.54, closing at $67.60 a barrel, while U.S. West Texas Intermediate (WTI) f...
Fed Beige Book Unveils Crucial Insights into Stagnant Economic Activity
BitcoinWorld Fed Beige Book Unveils Crucial Insights into Stagnant Economic Activity Understanding the broader economic landscape is crucial for navigating any market, including cryptocurrencies. The ...
BREAKING: FED Releases the Much-Anticipated Beige Book – Here’s Everything You Need to Know
The Beige Book report published by the FED gave important signals about the economic outlook across the country. The report found that prices rose modestly in most regions, while employment levels rem...
Cryptocurrency Traders Watch US Employment Data Drive Market Expectations
US employment data critically impacts the cryptocurrency market dynamics. Investors closely monitor job openings and factory orders data for insights. Continue Reading: Cryptocurrency Traders Watch US...
Trump claims anti-US conspiracy as Xi hosts Putin and Kim in Beijing showcase
Donald Trump accused Xi Jinping of teaming up with Vladimir Putin and Kim Jong Un to quietly work against the United States. In a Truth Social post shared early Wednesday while China hosted its larges...
The Fed Ignites Optimism with Potential Rate Cuts in the Financial Markets
Powell supports rate cuts, enhancing optimism in monetary policy. The Fed shifts from inflation to employment focus, benefiting the crypto market. Continue Reading: The Fed Ignites Optimism with Poten...