Economy

Bitcoin price threatens lowest weekly close since 2020 as inflation spooks markets

Bitcoin (BTC) dropped to two-week lows on June 11 as the week’s Wall Street trading ended with bears in control. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView US inflation print proves setback Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it reached $28,528 on Bitstamp, its lowest since May 28. The pair had …

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Hyundai Adds Weekend Production Despite Korean Truckers Strike

Photo: Yelim Lee/AFP (Getty Images) Hyundai is adding weekend production at its massive complex of five factories in Ulsan, South Korea. The increase in production days is to compensate for the decrease in output caused by a strike and to catch up to the automaker’s production targets. Currently, there’s an ongoing strike action in South …

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Quebec Liberal Party unveils electoral platform, promising tax cut for middle class

The spring session at the National Assembly had barely come to an end before Quebec Liberal Leader Dominique Anglade went into election mode, kicking off her pre-election campaign and outlining her party’s platform for the October election on Saturday. Some 400 PLQ party faithfully attended a gathering in Montreal for their general council meeting, where …

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Just Above $1 Trillion — Crypto Economy’s Value Slips Lower Than the Lows Recorded Last July – Markets and Prices Bitcoin News

The $1.19 trillion crypto economy is now lower in value than the lows recorded in July 2021. During the last week, digital currencies like bitcoin, ethereum, caradano, and xrp, have shed significant value against the US dollar, as the top cryptos have lost 50% to more than 80% from their all-time price highs. How Low …

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Gold is great, but it’s not Bitcoin: Edward Snowden talks independent money

(Kitco News) Gold is Bitcoin without the Internet option, said Edward Snowden, whistleblower and president of the Freedom of the Press Foundation. He also sees the financialization hype dividing the crypto space, advising people to use cryptocurrencies instead of investing in them. At the Consensus 2022 conference in Austin, Snowden stressed the need for an …

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High Inflation Could Trigger Next Recession, Hurt Retirements, Mortgage Rates

The May inflation report showed prices soaring at the fastest pace since 1981. The Fed will now have to act even more aggressively to slow that price surge. It could mean price borrowing, tumbling stocks, and a potential recession. Loading Something is loading. Friday’s release showing inflation at a 41-year record in May dashed all …

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LACKIE: Rate hikes cooling markets but is it too little too late?

Breadcrumb Trail Links Toronto & GTA Post Pandemic Ontario Columnists The Bank of Canada building in Ottawa on May 23, 2017. Photo by CHRIS WATTIE /REUTERS/FILES Content item Over the span of 10 days, it would now appear everyone and their mother has decided that real estate Armageddon is upon us. Advertisement 2 This advertisement …

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Record UK petrol price risks a mass exodus of essential workers | Oil prices

The record increase in fuel prices could spark a mass exodus of staff who rely on their vehicles for work, trade unions and drivers have warned. On Thursday, the price of a liter of unleaded petrol hit 182.31p, meaning the cost of filling an average family car hit £100 for the first time. Some employees …

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The Children We Call Our Leaders ⋆ Brownstone Institute

The attitudes and opinions of today’s so-called “elite” – those public-opinion formers who Deirdre McCloskey calls “the clerisy” – are childish. Most journalists and writers working for most premier media and entertainment companies, along with most professors and public intellectuals, think, talk, and write about society with the insight of kindergartners. This sad truth is …

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