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“# Bitcoin price is 3-4 weeks away from new $24K-$29K range, market analyst warns ” Popular cryptocurrency trader Keith Wareing warned Bitcoin (BTC) traders about a critical bearish scenario brewing in the market. The trader spotted Bitcoin inside an inverse cup and handle pattern earlier this month, a bearish structure that forms during a price wave…
“#Inflation expected to ratchet up back-to-school costs, survey says” Parents are bracing for a back-to-school season that’s significantly pricier than last year — and inflation is partly to blame. A survey by KPMG of 1,000 households in May found that parents expect to spend 32 percent more this year as prices for everything from backpacks…
“# Senator Cynthia Lummis backs crypto for US retirement plans ” U.S. Senator and Bitcoin proponent, Cynthia Lummis, would like to see U.S. residents turn to Bitcoin as part of a diversified strategy for their retirement plans. Speaking during the CNBC Financial Advisor Summit on June 29, Senator Lummis stated she would like to see…
“# Bitcoin, dollar plunge while S&P 500 rallies after US inflation hits 3-decade high ” Bitcoin (BTC) and the U.S. dollar fell in tandem while the S&P 500 refreshed its record high at open on Friday as the Federal Reserve’s preferred inflation indicator surged to its highest levels in almost three decades. According to data…
“#Key inflation indicator rose 3.4 percent from a year ago” A key inflation indicator rose 3.4 percent in May from a year ago as costs continued to surge in the US just as the economy mounts a comeback from the pandemic, the feds said Friday. It’s the most since April 1992 that the core personal consumption…
“#Bidenomics threatens to derail America’s recovery from COVID” New jobless claims last week rose for the first time in six weeks, in the latest sign that Bidenomics means big trouble for the nation. Yet Democrats in Congress are still looking to ram through more of his prescriptions. Fresh unemployment filings totaled 412,000, up from 375,000…
“#Worker shortage sparks rent-a-staffer boom in food industry” Desperate to deliver their goods, New York Food suppliers are hiring mercenary truckers from Alabama — and they’re putting them up in hotels in the Bronx because they can’t find local drivers. It’s just the latest example of dire measures companies are being forced to take in…
“#Team Biden’s leftist bid to batter successful big business” Four years ago, as a student at Yale Law School, Lina Khan wrote an article on the supposed evils of Amazon, the ubiquitous and consumer-friendly online retailer. Today, at only 32, she is running the Federal Trade Commission, one of the most important US agencies that…
“# Bitcoin may lose $30K price level if stocks tank, analysts warn ” The ghost of stock market crash is back again to haunt Bitcoin (BTC). It happened last in March 2020. Back then, the prospect of the fast-spreading coronavirus pandemic led to lockdowns across developed and emerging economies. In turn, global stocks crashed in…
“#Dow plunges 400 points as Fed signals rate hike in 2022” Stocks plunged on Friday with the Dow suffering its worst week since January after a Federal Reserve official said the next interest rate hike could come as soon as next year. The Dow Jones industrial average lost 533 points, or 1.6 percent, to close…