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Economy

“The job market is still ‘red hot’ despite recession fears, as the Great Resignation continues”

“Workers are still reaping the benefits of a hot labor market characterized by few layoffs, ample job openings and a high level of voluntary departures, according to U.S. Department of Labor data issued Wednesday. The numbers reveal that the pandemic-era trend… Continue Reading…

Stocks

“Dow falls more than 400 points as Wall Street grapples with recession fears”

“The Dow Jones Industrial Average fell 420 points, or about 1.4%. The S&P 500 dipped 1.5%, and the tech-heavy Nasdaq Composite shed about 1.6%. Concerns about economic growth are hanging over investors as the U.S. market looks to recover after… Continue Reading…

Cryptocurrencies

“Investors withdraw over $7 billion from tether, raising fresh fears about stablecoin’s backing”

“Investors have withdrawn more than $7 billion from tether since it briefly dropped from its dollar peg, raising fresh questions about the reserves underpinning the world’s largest stablecoin. Tether’s circulating supply has slipped from about $83 billion a week ago to less than $76… Continue Reading…

Economy, Stocks

“Stocks drop 1,000+ points over interest rate fears”

“A sharp sell-off left the Dow Jones Industrial Average more than 1,000 points lower Thursday, wiping out the gains from Wall Street’s biggest rally in two years, as worries grow that the higher interest rates the Federal Reserve is using… Continue Reading…

Stocks

“Stocks dip as April sell-off continues, global slowdown fears loom”

“…Fear about a global economic slowdown loomed as Asian stock markets cratered Monday amid concerns about Covid case spikes in China. Oil prices declined and yields retreated on the fears. Wall Street is also bracing for a stacked week of earnings, including reports… Continue Reading…

Cryptocurrencies

Beware, Next Target Cryptocurrency: “Lawmakers fear cryptocurrencies could be back door for sanctioned rubles”

“…The anonymity provided by bitcoin and other cryptocurrencies could undermine the effectiveness of sanctions against Russia after its invasion of Ukraine, the lawmakers say. Industry advocates, however, say the technology provides greater transparency for law enforcement and warn against an overreaction… Continue Reading…

Cryptocurrencies

“Dogecoin spikes 300% in a week, stoking fears of a cryptocurrency bubble”

“Dogecoin started out as a joke. Now it’s a top-10 digital currency worth $34 billion. The cryptocurrency is based on the “Doge” meme, which rose to popularity in late 2013. The meme portrays a Shiba Inu dog alongside nonsensical phrases in… Continue Reading…

Economy, Stocks

“Dow plunges 10% amid coronavirus fears for its worst day since the 1987 market crash”

“Stocks plummeted once again on Thursday after President Donald Trump and the Federal Reserve both failed to quell concerns over the economic slowdown stemming from the coronavirus, leading to a historic drop for the U.S. markets. The Dow Jones Industrial Average closed 2,352.60… Continue Reading…

Stocks

“Global stocks fall again on fear of virus impact on economy”

“Global stock markets plunged further Friday on spreading fears over the impact of the new coronavirus, with some indexes set to close out their worst week since the depths of the financial crisis in 2008. Germany’s DAX skidded as much… Continue Reading…

Economy

“Dow plunges by 950 points on fears coronavirus will tank global economic growth”

“The Dow Jones Industrial Average fell by more than 950 points at the open, erasing all gains for the blue-chip index for the year. The S&P 500 and Nasdaq were both down by around 4 percent, marking the biggest daily… Continue Reading…