List of All Articles with Tag 'c'

Bitcoin’s price has crashed dramatically, amid what seems to be a broader worry in the financial markets. The world’s biggest cryptocurrency has fallen more than 7 per cent over the last 24 hours, and almost 12 per cent in the last week. Other large digital currencies saw similar falls, though not as stark. Ethereum, the second biggest cryptocurrency by market cap, has lost around 10 per cent of its value in the last week. The troubles mean that the crypto market as a whole is down 5.7 per cent over the last 24 hours, according to tracking website Coinmarketcap. Trading volumes increased sharply, too, and were up almost 80 per cent over the last 24 hours. Thursday’s drop in the price of the cryptocurrency was the biggest one day fall since November 2022. That happened when large exchange FTX collapsed, sending shockwaves through the crypto markets and leading to widespread fears. This time around, there was no obvious connection to events in the cryptocurrency market. Instead, investors seemed concern about the economy more generally, and more traditional assets were also hit by falls in recent days. Wall Street’s main indexes fell on Friday, extending declines to the fourth session on a drag from megacap growth stocks, as evidence of a resilient U.S. economy fanned fears of interest rates staying higher for longer. The three main US stock indexes are on track for sharp weekly losses as a spate of strong economic data, including a fall in weekly jobless claims, caused investors to dial back expectations of rate cuts and drove up government bond yields. The yield on the 10-year Treasury note hit a ten-month high of 4.328 per cent in the previous session and came within a whisker of its highest level since 2007. “The drivers really have been of late the rising Treasury yields and that is signaling a more risk-off investor sentiment,” said Art Hogan, chief market strategist at B Riley Wealth. “Investors are looking at (better-than-expected economic data) and saying the Fed likely isn’t restrictive enough yet.” Traders see a nearly 91% chance of the Fed holding rates at current levels at its September meeting, according to the CME Group’s FedWatch tool. On Friday, rate-sensitive big technology and growth stocks such as Apple, Microsoft, Tesla and Nvidia slipped between 0.7% and 2.8% even as Treasury yields took a breather. The communication services and technology sectors housing major growth stocks fell 1.6% and 1.0% respectively. The tech-heavy Nasdaq hit an over two-month low and is set to post the biggest weekly declines of the three major indices, down 3 per cent so far. The CBOE volatility index hit its highest in nearly three months, reflecting rising investor anxiety. Additional reporting by Reuters Read More How bad is bitcoin for the environment really? Crypto experts discuss bitcoin price predictions What is Solana? The crypto rising 200-times faster than bitcoin Bitcoin’s price is crashing dramatically PayPal launches dollar-backed cryptocurrency World’s first ‘superfast’ battery offers 400km range from 10 mins charge

US consumers are approaching a reckoning as the excess cash they built up during the pandemic dwindles. How

Divorce: If you think budgeting and saving are hard in this economy, imagine splitting up in it.

Thousands of migrants from the West African country of Mauritania have arrived in the U.S. in recent months, following a new route taking them to Nicaragua and up through the southern border

By Crispian Balmer ROME Entrepreneur Roberto Colaninno, chairman and CEO of scooter maker Piaggio and one of Italy's

Joe Biden’s effort to sell his economic agenda has a problem: Its name. The White House is embracing

The Longhorn Network that launched in 2011 is coming to a close

President Joe Biden and his family are vacationing at a Lake Tahoe home belonging to billionaire Tom Steyer,

Guatemalans vote for president on Sunday after an acrimonious campaign marred by prosecutor raids on the electoral authority

These days, your concourse walk never seems to end. It's mostly because bigger is better for the airport business, even if it's harder on your feet.

HERZOGENAURACH, Germany--(BUSINESS WIRE)--Aug 19, 2023--

One of the UK’s largest workplace pension schemes is looking to ramp up allocations to private equity investments