Advertisements CPI surged 0.8% MoM (4 times the +0.2% expected) and exploded 4.2% YoY. That is the biggest YoY jump since Sept 2008 (and biggest MoM jump since June 2008).The core CPI rose 3.0% over the past 12 months; this was its largest 12-month increase since January 1996. After the CPI data revealed inflation rose much higher than […]
Category: Featured
Markets Return Choppy Results Monday in Face of Economic, Political Turmoil
Advertisements Mixed results across the global markets in the first day of trading since last week’s dismal U.S. retail numbers, along with the deteriorating COVID-19 pandemic and the aftermath of the U.S. Capitol siege on January 6. At midday, Britain’s FTSE index was down 0.3 percent. France’s CAC-40 index is also 0.3 percent lower, while […]
Bitcoin sets new all-time high, as investors eye $35,000
Advertisements After a record-setting 2020, Bitcoin has made a strong start to the year. Since shattering its own records twice in less than 24 hours, the world’s premier cryptocurrency has topped the $34,000 mark for the first time ever. The price of bitcoin has risen another 13 percent to reach a new all-time high of […]
Bitcoin sets a new all-time high of $28,500, poised to see largest monthly profit gain since 2019.
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