Bitcoin struggles to hold $20k

A drop is really now fun at all. Image: Getty Images Do you have several cryptocurrencies? Then it’s a mixed day for you. Bitcoin, Ethereum, Solana, Avalanche and most of the major cryptos are all falling lower…although there are a few things bucking the daily trend. And that pretty much describes how the overall market … Read more

Stocks Fall on Wall Street as Inflation Fears Continue to Trap Investors

Stocks fell on Wall Street on Tuesday as the market remains gripped by uncertainty over widespread inflation, rising interest rates and the possibility of a recession. The S&P 500 fell 79 points to close at 2,822, or 2%, the Dow Jones Industrial Average fell 1.6% and the tech-heavy Nasdaq fell 3%. The Conference Board reported … Read more

Volatile week as investors assess recession prospects

LONDON (AP) — European markets closed sharply higher Friday to end a volatile week as investors around the world took stock of inflation and fears of an economic downturn. The pan-European Stoxx 600 index closed provisionally up 2.6%, its best day in more than three months, with technology stocks adding 3.8% to lead the gains … Read more

Joe Biden Cheat Sheet Gives Detailed Seating Instructions, Keep Comments to 2 Minutes

Joe Biden on Thursday inadvertently flashed a comically detailed cheat sheet instructing the error-prone leader of the free world on how to act. President Joe Biden inadvertently held up a comically detailed cheat sheet prepared by his staff on Thursday that instructed the error-prone leader of the free world to “take YOUR seat” and limit … Read more

Peter Dutton, Richard Marles weigh in on the RBA and union salary argument

Australians “need to be protected” from spiraling wage prices as union bosses and the Reserve Bank bicker over wage increases. Peter Dutton says Australians are “very concerned” about spiraling wages and the implications of higher interest rates as union bosses and the Reserve Bank rage over pay rises. The opposition leader says matching wage increases … Read more

Powell tells Congress Fed is ‘heavily committed’ to inflation, notes recession a ‘possibility’

Federal Reserve Chairman Jerome Powell told congressional lawmakers Wednesday that the central bank is determined to reduce inflation and has the ability to make that happen. “At the Fed, we understand the difficulties that high inflation is causing. We are strongly committed to reducing inflation and we are moving quickly to do so,” the Fed … Read more

Stocks open lower Wednesday as market bounce fades

US stocks fell on Wednesday, giving up some of the previous session’s strong gains. Futures contracts linked to the Dow Jones Industrial Average fell 462 points, or 1.5%, while futures on the S&P 500 fell 1.7%. Nasdaq 100 futures fell 1.8%. Those moves come as growing fears of an economic downturn continue to weigh on … Read more

Elon Musk predicts US recession is ‘inevitable’ and likely to happen in ‘short term’

Billionaire Elon Musk has predicted that an economic disaster is likely to strike soon that would send ripples across the globe. Billionaire Elon Musk has predicted that an “inevitable” recession is likely to occur in the United States “in the short term” and detailed all the consequences it would entail for the rest of the … Read more

Look for more selling pressure next week as investors learn the hard way not to fight the Fed

Federal Reserve Chairman Jerome Powell adjusts his tie as he arrives to testify before a Senate Banking, Housing, and Urban Affairs Committee hearing on the “Semi-annual Monetary Policy Report to Congress” on Capitol Hill in Washington on March 15. July 2021. Kevin Lamarques | Reuters Wall Street and the Federal Reserve seemed to enter a … Read more