Auto Added by WPeMatico

Circle and BlockFi questioned on banking with SVB by Warren and AOC

Circle and BlockFi executives were questioned after the lawmakers accused Silicon Valley Bank of “coddling” and giving “white glove” treatment to its largest depositors.

Continue ReadingCircle and BlockFi questioned on banking with SVB by Warren and AOC

US Inflation Expectations Highest Since 2013, Gas Prices Skyrocket, Supply Chains Buckle

Americans are still concerned about dealing with inflation, as the cost of goods and services has continued to rise significantly in a short period of time. The Federal Reserve has…

Continue ReadingUS Inflation Expectations Highest Since 2013, Gas Prices Skyrocket, Supply Chains Buckle

The Big Three Credit Agencies Critique El Salvador’s Bitcoin Adoption — S&P Global Warns of ‘Immediate Negative Implications’

All of the ‘Big Three’ credit agencies have said that El Salvador’s adoption of bitcoin could affect the country’s credit rating in a negative manner. After both Moody’s and Fitch…

Continue ReadingThe Big Three Credit Agencies Critique El Salvador’s Bitcoin Adoption — S&P Global Warns of ‘Immediate Negative Implications’

New York Fed’s Consumer Inflation Report Expects US Inflation to Hit 5.2% by Next Year

Americans are still very concerned about inflation as the latest Survey of Consumer Expectations (SCE) report from August indicates that U.S. consumers expect inflation to be 5.2% a year from…

Continue ReadingNew York Fed’s Consumer Inflation Report Expects US Inflation to Hit 5.2% by Next Year