Investors sold cryptocurrencies and shares of crypto-related stocks after inflation data showed prices continued to increase in September.
Shares of cryptocurrency exchange Coinbase slid sharply following the release of a key inflation indicator.
Inflation increased in September, leading markets to expect the Fed could institute consecutive rate hikes in November and December.In this articleMonitors display Coinbase signage during the company's initial public offering at the Nasdaq MarketSite in New York, on Wednesday, April 14, 2021.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Bloomberg Invest New YorkBloomberg Invest New York returns in-person this October as we bring together the most influential, dynamic and innovative figures in investing and markets. The first half of 2022 has seen the worst performance for equities and bonds since the 1970s. Sentiment is being driven by a confluence of factors – aggressive rate hikes from the Fed to tame high inflation, debate over whether we’re in a recession, perpetual supply chain issues, and geopolitical events. This has all led to stark declines in valuations and deal activity and has filtered into the areas of private equity, credit, crypto, venture capital, housing and more. So what phase of the downturn are we in? Are investors in for more pain in 2022? And where does one put money to work in this challenging environment? Powered by Bloomberg’s unrivaled data and analyses, Bloomberg Invest New York will help institutional investors and finance professionals navigate the volatility and ever-changing nature of today’s markets. Join us for mainstage in-depth discussions and dynamic networking as we focus on the challenges and opportunities posed by today’s rapidly changing financial and economic landscape.
Leer más »
Crypto adoption is seeing brands like Gucci take center stage, say co-heads of Brevan Howard DigitalIn this episode of The Scoop, Brevan Howard’s Co-Heads of Ventures Peter Johnson and Colleen Sullivan share what types of projects they are looking to invest in, as well as what segments of the crypto market they believe are seeing the most interest from existing brands.
Leer más »
QPM strikes $69m deal with GMThe share price of ASX-listed Queensland Pacific Metals (QPM) climbed more than 18% on Wednesday on news of a long-term strategic collaboration agreement with General Motors (GM). QPM has entered into a binding equity subscription and offtake agreement with GM, under which GM would invest up to $69-million, comprising an initial $25-million investment and a final investment decision of up to $44-million.
Leer más »
Breakingviews - Nissan’s Renault reorg will drive capital raiseNissan Motor is drawing a new map for its relationship with Renault . The $12 billion automaker can afford to buy back stock from its partner and invest in the company’s electric-car spinoff too. But to keep funding its own electrification, Chief Executive Makoto Uchida will need more money.
Leer más »
Stocks drop on Wall Street following hot inflation reportNEW YORK (AP) — A worse-than-expected report on inflation is hitting Wall Street Thursday, and stocks are falling toward their weakest levels in almost two years. The S&P 500 was 1.4% lower in morning trading after a government report showed inflation is spreading more widely across the economy, with one closely followed component accelerating to its hottest level in 40 years.
Leer más »
Services, food boost U.S. producer prices; some relief could be on the wayDespite the mixed report from the Labor Department on Wednesday, inflation remains stubbornly high.
Leer más »