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On Feb. 9, the United States Bureau of Labor Statistics reported that the Consumer Price Index, a key measure capturing the change in how much Americans pay for goods and services, has increased by 7.5% compared to the same time last year, marking the greatest year-on-year rise since 1982. In 2019, before the global COVID-19 […]
Shares of electric-vehicle maker Rivian Automotive Inc. RIVN, -6.44% fell about 0.4% in the extended session Monday after ending the regular trading day 6.4% lower following a report that it was planning to lay off about 5% of its workforce. Citing people familiar with the plan, Bloomberg reported earlier that the EV maker is looking […]
Grayscale argues that the differences between futures and spot Bitcoin ETFs have no correlation to approvals because prices are based on the same spot Bitcoin markets. 3627 Total views 53 Total shares Asset management firms continue to fight for a spot Bitcoin (BTC) exchange-traded fund (ETF) in the United States as regulators remain skeptical of the idea. […]
A House committee investigating the Jan. 6, 2021, Capitol Hill insurrection will not hold a hearing this Thursday, reports said Monday. A committee aide told CNN that “we expect that we will hold a hearing next week.” The aide said the delay was to give members and investigators time to process the “new and important […]
A recent ECB report says stablecoins are not practical as a mode of payment and their current form isn’t fit for use in the real economy. 1897 Total views 51 Total shares The European Central Bank (ECB) has released a report analyzing the growth of the cryptocurrency market over the past decade and the risks it poses […]
Natural-gas futures climbed by more than 6% on Monday, buoyed by the planned shutdown of a key European pipeline, while oil prices finished with a loss, pressured by worries about a slowdown in energy demand tied to global inflation and lockdowns in China. Russia has shut down the Nord Stream 1 pipeline for scheduled maintenance […]