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” US Treasury yields are soaring, but what does it mean for markets and crypto? “ Across all tradeable markets and currencies, U.S. Treasuries — government bonds — have significant influence. In finance, any risk measurement is relative, meaning, if one insures a house, the maximum liability is set in some form of money. Similarly,…
” Bitcoin holds $19K, but volatility expected as Friday’s $2.2B BTC options expiry approaches “ This week the $20,000 resistance is proving to be stronger than expected and even after Bitcoin price rejected at this level on Sept. 27, BTC bulls still have reasons to not give up. According to the 4-month-long descending triangle, as…
“Americans increasingly unhappy with Biden’s handling of economy: poll” An increasing number of Americans are unhappy with how President Biden is handling the economy compared to when the president first took office, according to a new poll. The ABC News/Washington Post poll released on Sunday shows 74% of Americans say the economy is in bad shape, up from 58%…
” Is it Bitcoin’s time to shine? British pound drops to all-time low against the dollar “ On Sept. 26, the British pound hit a record low against the U.S. dollar following the announcement of tax cuts and further debt increases to curb the impact of a possible economic recession. The volatility simply reflects investors’…
“Elon Musk says it’s ‘obviously correct’ that Fed is tanking US economy” Billionaire Elon Musk backed a prominent Wharton economist who accused the Federal Reserve and its chairman Jerome Powell of completely botching their response to the current economic slump. Musk reacted to a fiery rant from Wharton professor Jeremy Siegel, who told CNBC’s “Halftime…
“Costco to keep $1.50 hot dog-and-soda combo ‘forever’ despite inflation: exec” A top Costco Wholesale executive confirmed the big-box retailer has no plans to change the price of its $1.50 hot dog-and-soda combo at its stores despite months of decades-high inflation. Costco CFO Richard Galanti reiterated the cheap price point on the fan-favorite deal would…
“Moschino unveils ‘inflation-chic’ collection on runway” When it comes to inflation, we’re barely staying afloat! The Italian fashion house Moschino made a splash on the runway during Milan Fashion Week with a playful, inflation-themed line of clothing made from technicolor pool toys. Designer Jeremy Scott said the fashion show Thursday was a nod to world-wide…
” Jerome Powell is prolonging our economic agony “ Can we all agree that the Federal Reserve has a plan to combat runaway inflation? They do. Chair Jerome Powell has all but admitted it. After tempering his comments before previous rate hikes, allowing wiggle room which gave way to market rebounds, Powell has left no…
“Disney World fans rip the $625 price tag at Victoria & Albert’s restaurant” Disney World guests blasted the theme park for jacking up the prices at its most expensive restaurant — where the tab can run as high as $625 per person for a four-hour, 10-course meal. Located at the Orlando, Fla.-based amusement park’s Grand…
” Bitcoin ‘nuke’ warning as Fed rate hike decision looms — dollar index hits 20-year high “ Bitcoin (BTC) underwent a weak rebound on Sep. 21, and the U.S. dollar jumped to a new yearly high as investors await today’s Federal Open Market Committee’s interest rate decision. BTC price hold $19K ahead of Fed decision…