Business

Consumer prices this past week fell more than expected. October inflation was 3.2%—essentially flat. Lower gasoline prices helped, and higher shelter costs hurt. But digging deeper into the report provides some interesting—even strange—details.Start with food prices, which rose 0.3% in October. Certain food items stuck out. The price of uncooked…

Bitcoin (BTC) shifted higher on Aug. 18 as the latest data confirmed the European Union’s highest ever inflation.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewSupport and resistance close in on BTC spot priceData from Cointelegraph Markets Pro and TradingView showed BTC/USD passing $23,500 at the time of writing, having preserved…

The Central Bank of Russia plans to begin the comprehensive implementation of the digital ruble two years from now, according to a paper detailing its monetary policy priorities for the 2023 – 2025 period. As the development of the state-issued digital currency continues, the monetary authority intends to gradually connect various…

The Connection at Oxford. Image courtesy of JLL Capital Markets Heritage Properties has acquired The Connection at Oxford, an 816-bed student housing community in Oxford, Miss. JLL Capital Markets represented the seller of the 300-unit property that serves the University of Mississippi. The buyer financed the purchase with a $30.5 million loan…

There are currently around two jobs available for every unemployed person, and as a result, employers have had to raise wages to attract suitable candidates.That sounds like a good thing — and it is for Americans who are facing higher prices on everything from groceries to rent. But the Federal Reserve isn't very happy about it. In order to…

Comment on this storyCommentThe U.S. government’s latest effort to crack down on the illicit use of cryptocurrency by rogue foreign regimes and criminals is running into resistance from the industry itself, including one of its largest and most influential players.Earlier this month, the Treasury Department sanctioned Tornado Cash, a…

Despite swirling rumors on social media, ARK Invest’s spot Bitcoin (BTC) exchange-traded fund (ETF) does not appear to be listed on the Depository Trust and Clearing Corporation’s (DTCC) website.On Oct. 25, numerous high-profile crypto accounts on X (Twitter), including Mike Alfred, Bitcoin News, Simply Bitcoin, Crypto News Alerts and others,…

Amy Caiazza is a securities, fintech and blockchain partner in the Washington, DC, office of Wilson Sonsini Goodrich & Rosati. She is the leader of the firm’s fintech and financial services group, advising clients on regulatory and transactional matters involving securities and commodities laws.…

FOX Business senior correspondent Charlie Gasparino has the latest on the billionaire's countersuit on 'The Claman Countdown.' Twitter says the company is dealing with economic uncertainty and that might impact employee bonuses. Employees were told on Friday that they might receive only half of their typical annual bonuses, according to The…

50 Mins AgoEurope stocks head for muted open European stocks will open mixed Monday, according to IG data.The FTSE 100 is on course to slip 6.5 points to 7,497, France's CAC 40 to rise 4.5 points to 7,240 and Germany's DAX to drop 9 points to 15,913.— Jenni Reid7 Hours AgoCNBC Pro: Will the 'Magnificent Seven' have another good run in 2024?…