Canada inflation rate gallops to near 40-year high, calls for supersized rate hike mount
Canada’s annual inflation rate accelerated to 7.7% in May, galloping past April’s 6.8% and analyst forecasts of 7.4%, data from Statistics Canada showed.
How likely are stimulus checks to be used in the next recession? Economists weigh in
Stimulus checks were used at a larger scale during the pandemic-era recession than ever before. Why Americans could the payments again in the next downturn.
Raw material costs for electric vehicles have doubled during the pandemic
Raw material costs for electric vehicles more than doubled during the coronavirus pandemic, according to a new report Wednesday by AlixPartners.
Goldman breaks down what type of bear market this is and when it may bottom
Goldman said investors are suffering through a cyclical bear market, one marked by high inflation and rising interest rates that are driving down valuations.
Coinbase shares fall after rival Binance.US drops spot bitcoin trading fees
Coinbase shares fell Wednesday after rival crypto exchange Binance.US said it’s dropping certain trading fees for customers.
Powell tells Congress the Fed is ‘strongly committed’ to bringing inflation down
Fed Chairman Jerome Powell said Wednesday that the central bank is determined to bringing down inflation and has the ability to make that happen.
Watch Powell’s testimony to Congress on the Fed’s inflation fight, state of the economy
Federal Reserve Chair Jerome Powell on Wednesday began two days of testimony in front of Congress.
Another ‘algorithmic’ stablecoin has fallen below its $1 peg — but experts say it’s not ‘Terra 2.0’
USDD, a so-called “algorithmic” stablecoin that’s meant to always be worth $1, plunged as low as 93 cents on Sunday.
Another ‘algorithmic’ stablecoin has fallen below its $1 peg — but experts say it’s not ‘Terra 2.0’
USDD, a so-called “algorithmic” stablecoin that’s meant to always be worth $1, plunged as low as 93 cents on Sunday.
Watch Powell’s testimony to Congress on the Fed’s inflation fight, state of the economy
Federal Reserve Chair Jerome Powell on Wednesday began two days of testimony in front of Congress.