‘Now is a time for caution:' 10X Research sees Bitcoin sliding to $73,000
As selling pressure rises, 10X Research and on-chain data predicts that Bitcoin’s price could drop as low as $73,000.
WendyO on U.S. plan to buy 1 million Bitcoin: ‘This is absolutely crazy’
The U.S. plans to buy 1 million Bitcoin as part of a strategic reserve, with Congressman Nick Begich confirming no taxpayer funds will be used.
US inflation cooled last month, though trade war threatens to lift prices
U.S. inflation slowed last month for the first time since September and a measure of underlying inflation fell to a four-year low, even as widespread tariffs threaten to send prices higher. The consumer price index increased 2.8% in February from a year ago, Wednesday’s report from the Labor Department showed, down from 3% the previous month. Core prices, which exclude the volatile food and energy categories, rose 3.1% from a year earlier, down from 3.3% in January.
Stock of the Day: Delta drops 11% as forecast signals weak economic outlook
The airline lowered its outlook for first-quarter revenue and earnings, citing weaker consumer confidence amid macro uncertainty.
Michael Saylor urges the US to buy Bitcoin, similar to its historic land purchases
Bitcoin maximalist Michael Saylor believes Bitcoin is as valuable as land and the US should purchase the “digital gold” as it had purchased land in the previous centuries.
Growing Fears of Corporate Defaults Hit US Credit Markets
(Bloomberg) -- Worries about corporate credit defaults rose in the US for a second straight day on Tuesday, after US President Donald Trump threatened to ratchet up tariffs on Canada. Most Read from BloombergNYC Congestion Pricing Toll Gains Support Among City ResidentsTrump DEI Purge Hits Affordable Housing GroupsElectric Construction Equipment Promises a Quiet RevolutionWhere New York City's Zoning Reform Will Add HousingOpen Philanthropy Launches $120 Million Fund To Support YIMBY ReformsIn d
AI Stocks Rebound with 'Fundamentals Still Intact,' Says UBS
AI stocks rebounded on Tuesday as American and Canadian officials backed off threats to escalate the two countries’ trade war.
Shale Pioneer Sheffield Warns Oil Chiefs of Grim Times Ahead
(Bloomberg) -- Scott Sheffield, the retired shale impresario who built a fortune drilling for Permian Basin oil, has grim advice for former rivals as President Donald Trump pushes for “drill baby drill” to bring down energy prices.Most Read from BloombergNYC Congestion Pricing Toll Gains Support Among City ResidentsTrump DEI Purge Hits Affordable Housing GroupsElectric Construction Equipment Promises a Quiet RevolutionWhere New York City's Zoning Reform Will Add HousingOpen Philanthropy Launches
Delta, Airbnb Lead Travel Stock Selloff on Consumer Worries
(Bloomberg) -- Travel stocks from airlines to cruise lines and online-booking sites are coming under pressure Tuesday after Delta Air Lines Inc. cut its profit forecast, deepening concern over weakening consumer demand and an economic slowdown.Most Read from BloombergNYC Congestion Pricing Toll Gains Support Among City ResidentsTrump DEI Purge Hits Affordable Housing GroupsWhere New York City's Zoning Reform Will Add HousingElectric Construction Equipment Promises a Quiet RevolutionInside the ‘N
S&P 500 Gains and Losses Today: Teradyne Stock Plunges as Firm Foresees Tariff Effects
The S&P 500 slipped 0.8% on Tuesday, March 11, as investors digested the latest shifts in trade policy.