Crypto EcoBlog
China’s economic outlook also affected the stocks of some of the top companies in the country. China’s economic recovery has been faced with a lot of strain in its attempt to return back to winning ways as marked by growth, however, recent data points that the economy has continued to miss broad expectations. As reported by CNBC, economic data from Reuters proved that the COVID-19 restrictions that were in place for the better part of last year had more impact than previously...
Read More »Stock Futures Slump as US Inflation Remains Pegged at 4.9%
Despite the fall off of the US stock futures, there is no doubt that the fight against inflation is yielding a relatively positive fruit in the United States. The US stock futures are seeing a very concerning slump today following the release of the latest inflation figure for the month of April. According to the data from the Bureau of Labor Statistics (BLS), the Consumer Price Index (CPI) for the month of April increased by 0.4% when seasonally adjusted, and by 4.9% over the last 12...
Read More »Bitcoin Stays Stagnant with Strengthened DXY Negative Correlation as US GDP Slows
The US Commerce Department’s recent shows that economic growth and GDP have slowed even as Bitcoin struggles to regain $30,000. The price of Bitcoin (BTC) has remained relatively stagnant for about a week as the US gross domestic product (GDP) is slowing. Currently trading at $28,870 according to CoinMarketCap data, BTC has been unable to hit $30,000, last seen briefly on the 19th of April, and not seen in the first quarter of the year. This trend follows the GDP’s slowing in the same...
Read More »Stock Futures Plunge as Market Craves Stability amid Banking Crisis
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Read More »European Markets Flat amid Impending Fed Chair Comments
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Read More »US Stock Market Rattled as Key Inflation Gauge Ticks Higher Rate
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Read More »Stocks Close Marginally Higher as Investors Ponder Retail Sales Report & Inflation Data
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Read More »S&P Dow Jones to Oust Adani from Sustainability Index Following Accusations of Financial Malpractice
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Read More »Crypto Prices Fall Ahead of Fed Rate Hike, Here’s What to Expect
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Read More »Nasdaq Sees Lower Close for Second Day amid Corporate Earnings Season
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