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  • Aug 16, 2024

This Week in Coins: Bitcoin Dips, Ethereum Sits Still as Trump Family Settles In

Illustration by Mitchell Preffer for Decrypt. It was a quiet week in the crypto sphere. Even so, "quiet" in crypto is still not for the faint of heart. Bitcoin was at one point trading for above $60,000 again on Monday, but things took a turn for the worse and by Thursday it had—seemingly unexplainedly—crashed to as low as $57,787. It rolled into the weekend at $59,131 per coin, a seven-day dip of 2% and more than 8% below this time last month. It still has a long way to go before it gets as hi...

  • Aug 16, 2024

Fed Faces New Risks as It Navigates Both Inflation and Jobs

(Bloomberg) -- How soon do they start, how fast do they go and where do they end?Most Read from BloombergManchester Is Giving London a Run for Its MoneyBoston’s Broke and Broken Transit System Hurts Downtown RecoveryA Floating Island in Baltimore Raises Hope for a Waterfront RevivalA Warehouse Store Promises Housing for South LA, in BulkThe Cross-Continental Race Using Only Public TransitFederal Reserve officials are largely in agreement it’s almost time to lower interest rates. Investors are on

  • Aug 16, 2024

US consumer sentiment rises in August; inflation expectations steady

The University of Michigan's preliminary reading on the overall index of consumer sentiment came in at 67.8 this month, compared to a final reading of 66.4 in July. The survey noted that for consumers surveyed, sentiment for Democrats jumped 6% in the wake of Vice President Kamala Harris replacing President Joe Biden as the Democratic nominee for president. The survey showed 41% of consumers viewed Harris as the better candidate for the economy, while 38% chose Republican nominee Donald Trump.

  • Aug 16, 2024

Brazil Economic Activity Tops All Forecasts, Backing Rate Hike Warning

(Bloomberg) -- Brazil’s economy grew much more than expected in June as central bankers warn that stronger demand and above-target inflation could force them to hike interest rates again. Most Read from BloombergManchester Is Giving London a Run for Its MoneyBoston’s Broke and Broken Transit System Hurts Downtown RecoveryA Floating Island in Baltimore Raises Hope for a Waterfront RevivalA Warehouse Store Promises Housing for South LA, in BulkThe Cross-Continental Race Using Only Public TransitTh

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