U.S. inflation is due at 8:30 a.m. ET. Economists surveyed by Dow Jones estimated September’s consumer price index rose 0.6% month-on-month and 3.6% year-on-year. Core CPI, which excludes volatile food and energy prices, is forecast to increase 0.2% from August and 2.5% annually. The numbers are widely watched for cues on how the Federal Reserve
Today at 4:00 p.m. New York time, the management of treasury company Evernorth Holdings will ring a symbolic closing bell at NASDAQ. The ceremony is timed to the start of trading in shares under the ticker XRPN following the merger with the SPAC platform Armada Acquisition Corp. II. With this step, Wall Street opens trading
The US Consumer Price Index (CPI) report and ASML earnings are the two major events to watch on October 14. The inflation data could influence expectations for Federal Reserve interest rates, while ASML’s results could affect semiconductor and AI stocks. Investors will look for signs of easing inflation and stronger chip demand to assess whether
Bitcoin recovered to $84,000 after briefly falling to $81,000, as buyers defended support ahead of today’s US Consumer Price Index (CPI) report. In the previous 15 CPI releases, Bitcoin traded higher 24 hours later in 12 cases. When inflation came in below expectations, $BTC closed higher the next day in eight out of nine cases.
Japanese Bitcoin company Metaplanet will issue zero-interest convertible bonds to reduce its secured loans and repurchase its own shares. Metaplanet, a Japan-based Bitcoin treasury company, is preparing to issue 52 billion yen worth of zero-interest convertible bonds to restructure its balance sheet. These bonds, equivalent to approximately $329 million, are set to mature in 2031.
New York Fed President John Williams said AI equipment supply could take more than two years to catch up with demand, which could add to inflationary pressure. Williams made the comments during an interview with Bloomberg on Tuesday, saying that the buildout of AI infrastructure is pushing up chip prices and goods that use them.
In major $XRP news today, Ripple partners with Meritz Securities to explore bringing custody and tokenization to South Korea’s capital markets. This marks the crypto infrastructure and payments firm’s first deal with a Korean securities firm. Know when yourcoins moveAlerts, real-time prices, and market news — all in one app 4.8 based on 40K reviews
Banks are increasingly seeking solutions that operate independently from traditional security systems. zkSync, in a recent tweet, emphasizes the importance of cryptography in achieving this goal. The discussion was sparked by insights shared during an episode of @11FS, highlighting the potential of zero-knowledge proofs to revolutionize financial systems. As cryptography gains traction, it may significantly
Whether or not quantum computers will break Bitcoin one day is a hot topic. But what about second-layer solutions like Lightning? Well, researchers from East Texas A&M University, North American University, Florida Gulf Coast University, and Florida Institute of Technology have been working on that. Know when yourcoins moveAlerts, real-time prices, and market news —