• Mar 28, 2025

US Consumer Spending Barely Rises, Key Inflation Gauge Picks Up

(Bloomberg) -- Consumer spending was weaker than expected again in February while a key inflation metric picked up, in a double whammy for the economy before the brunt of tariffs.Most Read from BloombergGold-Rush Fever Returns to Historic New Zealand Mining TownWhy Did the Government Declare War on My Adorable Tiny Truck?How SUVs Are Making Traffic WorseTrump Slashed International Aid. Geneva Is Feeling the Impact.These US Bridges Face High Risk of Catastrophic Ship StrikesInflation-adjusted con

  • Mar 28, 2025

Key Inflation Measure Got Hotter In February

Inflation rose faster than expected in February, according to the PCE report released Friday. Meanwhile, spending rose less than expected, highlighting the risks that President Donald Trump's campaign of tariffs could push the economy into "stagflation."

  • Mar 28, 2025

Canaan unveils Avalon Q bitcoin mining machine at Mining Disrupt

Canaan (CAN) introduces Avalon Q, a professional-grade bitcoin mining machine specifically designed for home users. The company said, “This breakthrough product combines institutional-level computing power with household power compatibility and whisper-quiet operation, making professional Bitcoin mining accessible to everyday enthusiasts. The Avalon Q offers up to 90 TH/s hash power with adjustable consumption, making it adaptable to standard home electrical systems. This flexibility allows home

  • Mar 28, 2025

Where Will Bitcoin Be in 5 Years?

Instead of trying to guess what Bitcoin's (CRYPTO: BTC) value will be in the future, a better approach might be to look at what could push its price higher -- and what might cause it to fall. As the past few months have already proven, there are compelling reasons to think Bitcoin's value could rise or fall dramatically, thanks to increasing uncertainty in the U.S. economy. Here's how it might play out for Bitcoin over the next five years.

  • Mar 28, 2025

US Feb PCE prices index shows inflation picture still a conundrum

Economists had forecast the PCE price index gaining 0.3%. Stripping out the volatile food and energy components, the price index rose 0.4% after an unrevised 0.3% advance in January. In the 12 months through December, core inflation increased 2.8% after rising 2.7% in January.

  • Mar 28, 2025

1 Value Stock to Target This Week and 2 to Avoid

Value investing has created more billionaires than any other strategy, like Warren Buffett, who built his fortune by purchasing wonderful businesses at reasonable prices. But these hidden gems are few and far between - many stocks that appear cheap often stay that way because they face structural issues.