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” Ethereum price breaks out as ‘bad news is good news’ for stocks “ Ethereum’s native token, Ether (ETH), gained alongside riskier assets as investors assessed weak U.S. economic data and its potential to cool down rate hike fears. Ether mirrors risk-on recovery ETH’s price climbed up to 8.31% on June 24 to $1,225, six…
“CNN panel slams Joe Biden after gas tax holiday underwhelms top Democrats” CNN panelists took aim at President Biden on Thursday after his push for a national gas tax holiday to address record-high prices seemed to underwhelm top lawmakers within his own party. CNN anchor John King began the discussion by noting that several top…
“Uber brings back ‘Uber Pool’ as ‘UberX Share’” Uber is bringing back a feature that allows customers in large US cities to pay lower fares in exchange for sharing rides with strangers, the company said Tuesday. The introduction of “UberX Share” feature — a rebrand of the option formerly known as “Uber Pool” — comes…
“Why won’t Biden lift tariffs and other commentary” Libertarian: Why Won’t Biden Lift Tariffs? “Removing tariffs could save American households $800 this year. What is the White House waiting for?” asks Reason’s Eric Boehm. President Biden says “his top domestic priority is helping Americans weather a surge in prices the likes of which haven’t been…
“Capital Economics reports US home prices to sink by 2023 as mortgage rates hit 6%” Sky-high prices in the US housing market will sink in the coming months as cash-strapped prospective homebuyers contend with surging mortgage rates, a prominent research firm said in a report Monday. Home prices are projected to decline approximately 5% by…
“US recession this year is more likely than not: Nomura analysts” The US economy is more likely than not to sink into a recession this year as the Federal Reserve tightens monetary policy in its bid to cool decades-high inflation, economists warned Monday. “Disruptions in the energy and food sectors, coupled with declining consumer sentiment,…
” More ‘forced selling’ ahead? Purpose Bitcoin ETF holdings plunge by 51% in biggest outflow ever “ Canada’s Purpose Bitcoin ETF (BTCC) witnessed its Bitcoin (BTC) holdings slashed by half in just one day, suggesting an alarmingly waning buying sentiment among the crypto’s most-experienced investors. Purpose Bitcoin ETF has 51% of AUM slashed The fund’s…
” Why the crypto market crash may play in Bitcoin’s favour “ Natalie Brunell, the host of Coin Stories podcast, thinks that the recent incidents involving Terra and Celsius and the following market sell-off will lead to regulatory action that will likely favour Bitcoin over the rest of cryptocurrency. “I’m going to be watching for…
“Inflation contributes to rising cost of summer barbecues in 2022” What a wiener! A 2021 tweet sent by an unidentified White House staffer last July looks pretty ridiculous as the 2022 barbecue season heats up. “Hot dog, the Biden economic plan is working,” read the unintentionally hilarious dispatch, illustrated with a cutesy GIF. “That’s something…
” Ethereum analyst warns of ‘clean fakeout’ despite 30% ETH price rebound “ Ethereum’s native token, Ether (ETH), underwent a sharp relief rally after falling to $880, its lowest level in eighteen months, on June 18. ETH price regains 30% in two days Ether’s price reached above $1,150 this June 19, marking 30%-plus gains in…