Economics
Consumers Report Growing Financial Pessimism
New data from the University of Michigan's consumer sentiment survey reveals a sharp decline in confidence.
New data from the University of Michigan's consumer sentiment survey reveals a sharp decline in confidence.
Recent economic indicators reveal the U.S. is on the brink of a recession, with weak retail sales, declining employment, and rising consumer pessimism confirming a significant economic downturn.
The CBO has increased the federal budget deficit projection by $400 billion for this year, driven by higher spending on military, student loans, Medicaid, and FDIC insurance.
CleanSpark has acquired five new bitcoin mining sites in rural Georgia for $25.8 million, adding 60 MW of capacity.
California's recent minimum wage increase to $20 for fast food workers and $23 for healthcare aides has led to significant layoffs, business closures, and rising automation, challenging the viability of entry-level employment.
Consumer confidence in the U.S. has dropped sharply in June, reflecting growing concerns over high prices, weakening incomes, and a disconnect between Federal Reserve projections and market sentiment.
The Australian Securities Exchange (ASX) has approved its first spot Bitcoin ETF by VanEck, set to launch on June 20.
Joe Biden's administration is considering releasing more oil from the Strategic Petroleum Reserve to curb rising fuel costs.
New data from the University of Michigan's consumer sentiment survey reveals a sharp decline in confidence.
Recent economic indicators reveal the U.S. is on the brink of a recession, with weak retail sales, declining employment, and rising consumer pessimism confirming a significant economic downturn.
The CBO has increased the federal budget deficit projection by $400 billion for this year, driven by higher spending on military, student loans, Medicaid, and FDIC insurance.
CleanSpark has acquired five new bitcoin mining sites in rural Georgia for $25.8 million, adding 60 MW of capacity.
California's recent minimum wage increase to $20 for fast food workers and $23 for healthcare aides has led to significant layoffs, business closures, and rising automation, challenging the viability of entry-level employment.
Consumer confidence in the U.S. has dropped sharply in June, reflecting growing concerns over high prices, weakening incomes, and a disconnect between Federal Reserve projections and market sentiment.
The Australian Securities Exchange (ASX) has approved its first spot Bitcoin ETF by VanEck, set to launch on June 20.
Joe Biden's administration is considering releasing more oil from the Strategic Petroleum Reserve to curb rising fuel costs.
Bidenomics is hitting Gen Z hard, with young Americans increasingly maxing out credit cards as necessities like food and rent skyrocket.
A JPMorgan report reveals that U.S.-listed Bitcoin mining companies have reached a record market capitalization of $22.8 billion as of mid-June.
Gold has ascended to become the world's second most held reserve asset, trailing only behind the US dollar.
A news wrap of everything that happened in bitcoin and markets this week.
Recent discussions about the US economy highlight conflicting interpretations of labor market data, with inflation and wage stagnation casting doubt on the perceived robustness of employment.
MicroStrategy increased its convertible note offering from $500 million to $700 million to purchase more Bitcoin.
