foreign exchange markets
How China is helping to prop up the Russian economy through the war in Ukraine
Hong Kong CNN — In the year since the Russian invasion of Ukraine, Moscow has been hit by unprecedented Western sanctions and shut out of much of the global economy. But China, which has declared “no limits” to its friendship with its northern neighbor, has thrown the Kremlin an economic lifeline, tempering the impact of …
Bitcoin Tumbles Below $40,000 After China Issues Crypto Warning
Text size A physical imitation of the Bitcoin cryptocurrency. AFP via Getty Images The price of Bitcoin dropped below $40,000 for the first time in months and other cryptocurrencies also dropped after the People’s Bank of China apparently warned against using digital coins as payment. Bitcoin dropped nearly 7% to $40,275 early Wednesday morning, bouncing off …
Bitcoin blows past $45,000 to fresh highs above $47,000, driven by Tesla’s investment
The price of bitcoin surged above $47,000 on Tuesday, building on gains following news that electric-car maker Tesla has invested $1.5 billion in the cryptocurrency and may accept it as future payment for products. After reaching a record of near $44,000 on Monday, bitcoin prices BTCUSD, +2.98% hit $45,000, $46.000 and $47,000 later that evening, …
Coronavirus collapse pulls down U.S. consumer prices in March
The numbers: The consumer-price index dipped 0.4% last month, the biggest decline in five years, the Labor Department said Friday. The drop was in line with the forecast of economists surveyed by MarketWatch. Core inflation, minus food and energy, prices fell 0.1% in March, the first decline in 10 years. The rate of inflation over …
