U.S. CPI Was Flat in May, Beating Expectations; Bitcoin Rises to $69.2K

June 12, 2024 Leave a Comment

Stubbornly high inflation readings in the past months curbed rate cut expectations weighing on asset prices.

Discover more from Stay Updated

Subscribe to get the latest posts sent to your email.

Author:

Almost 10,000 images of tennis balls plunge up to 90% in value as Australian Open appears to ditch NFTs January 14, 2025
Ball artworks were worth about $278 in 2022, falling steeply to as low as $25 on NFT exchange OpenSeaFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastNearly 10,000 images of balls have plunged up to 90% in value after Tennis Australia appears to have walked […]
Under Trump, cryptocurrency is set to go mainstream – but that won’t make it any safer for investors | Larisa Yarovaya January 13, 2025
His easing of regulations could leave many unprotected from financial manipulation, misconduct and bursting bubblesAs the United States prepares for Donald Trump’s inauguration on 20 January, all eyes are on the cryptocurrency markets. After Bitcoin’s price reached $100,000 (£81,917) for the first time in history in December 2024, the cryptocurrency community is eagerly anticipating Trump’s […]
Expert tips on getting UK self-assessment tax returns right January 11, 2025
With the online deadline just days away, here is how to avoid the pitfalls and make the most of what you can claimThere are fewer than three weeks to go before the deadline to file self-assessment tax returns for the 2023-24 tax year, but millions of people still haven’t knuckled down and done theirs.This week […]
Judge halts attempt to retrieve £600m bitcoin wallet from Welsh dump January 9, 2025
James Howells, 39, took council to court to try to force it to let him search site for hard drive thrown away by accidentA computer expert’s decade-long battle to recover a £600m bitcoin fortune he says has been lost in a council dump has been halted by a judge.James Howells, 39, launched a legal case […]
A year of two halves: how global financial markets fared in 2024 January 1, 2025
Good for equities, good for the US, and good for crypto but the year spawned mixed blessings for the UK, China and EuropeGlobal stock markets climbed in 2024, helped by falling inflation and the US economy’s success in avoiding a hangover from a strong post-pandemic recovery.While Europe and the UK struggled to make headway, the […]

Leave a ReplyCancel reply

Frasers Group says two-thirds of retail staff are still on zero-hours contracts January 14, 2025
MPs examining plans for legislation were told 11,500 staff on the contracts, which do not guarantee weekly shiftsThe owner of Sports Direct has confirmed that two-thirds of its retail workforce remain on zero-hours contracts ahead of new legislation designed to limit their use.Frasers Group told MPs who are examining plans to strengthen protection for employees […]
Could Keir Starmer’s AI dream derail his own green energy promise? January 14, 2025
As PM pins hopes on AI, what effect will building energy-hungry datacentres have on Labour’s clean power pledge?Keir Starmer this week launched a plan to bring a 20-fold increase in the amount of artificial intelligence (AI) computing power under public control by 2030.But the race to build more electricity hungry AI datacentres over the next […]
Rachel Reeves blames global volatility for borrowing rates rise amid Tory criticism January 14, 2025
Chancellor tells Tory MP to ‘get real’ and that UK bond market changes are similar to those in other countriesRachel Reeves has told the Conservatives to “get real” as she blamed global economic volatility for the recent sharp rise in UK borrowing rates, which has triggered calls for her resignation and left her contemplating further […]
New year downers are becoming normal at JD Sports | Nils Pratley January 14, 2025
For the second January in a row, the sportswear retailer has disappointed shareholders by trimming its forecastsJD Sports cuts profit forecast, blaming big fashion price cutsIt wasn’t a full-on profits warning – more of a 5%-ish trim to forecasts. But JD Sports’ trading update will feel particularly disappointing to its shareholders because this was the […]
Wellcome Trust charity criticised over £11m in payouts to investment team January 14, 2025
Sum includes £5m to chief investment officer and is 10 times the remuneration for health research charity’s governorsThe Wellcome Trust, the UK health research charity, has been criticised for paying its investment executives more than £11m last year, more than 10 times as much as its own governors.The pay packets, which included £5m for Wellcome’s […]
Move fast, break things – sprint to kiss Trump’s ring. It’s the tech bros inauguration derby | Marina Hyde January 14, 2025
Zuckerberg, Musk and Bezos are falling over themselves to suck up to the incoming president. And he’s just as keen to let themOver the past month, we’ve learned that Donald Trump’s inauguration fund has received million-dollar donations from, among others, Google, Meta overlord Mark Zuckerberg, Amazon founder Jeff Bezos, OpenAI CEO Sam Altman and Apple […]
Warhammer maker Games Workshop plans fourth UK factory as sales boom January 14, 2025
Company thrives as Amazon develops TV series and it gains licensing income from video gamesBusiness live – latest updatesIn Nottingham, an army of tiny warriors is on the advance. Space Marines, Weirdboyz, Chaos Knights – and very small paint pots – are grabbing more territory as Games Workshop confirms plans for its fourth factory and […]
ATM withdrawals are on the rise, but can cash retake its crown in the UK? January 14, 2025
Cash use rose for the third year running in 2024, as shoppers in places such as Shotton use it to help them budgetAt Shotton Cards, on the town’s high street, Lynne Whitehouse, 75, is stuffing her change back into her purse. “It’ll be the worst thing they ever do if they get rid of cash,” […]
Sizewell C cost ‘has doubled since 2020 and could near £40bn’ January 14, 2025
Treasury expected to decide whether to support EDF-backed nuclear power plant in this year’s spending reviewBusiness live – latest updatesThe cost of building the Sizewell C nuclear power plant in Suffolk has doubled since the plans were presented to the UK government in 2020 and could now reach close to £40bn, according to reports.A rise […]
UK bans German meat and dairy products after foot-and-mouth case January 14, 2025
Import of pork, lamb and beef as well as live cattle, sheep and pigs suspended amid outbreak near BerlinBritain has banned imports of German pork, lamb, beef and dairy products to prevent foot-and-mouth disease spreading to the UK after a case of the disease was confirmed last Friday on the outskirts of Berlin.As well as […]

U.S. CPI Was Flat in May, Beating Expectations; Bitcoin Rises to $69.2K

Related

Discover more from Stay Updated

Crypto News

Leave a ReplyCancel reply

Global News

Recent Posts

Recent Comments

Archives

Categories

Share this:

Related

Discover more from Stay Updated

Crypto News

Leave a ReplyCancel reply

Global News

Recent Posts

Recent Comments

Archives

Categories

Discover more from Stay Updated