Markets

Here are three things the Fed's done wrong, and what's still not right

Here are three things the Fed’s done wrong, and what’s still not right

The exterior of the Marriner S. Eccles Federal Reserve Board Building is seen in Washington, DC, June 14, 2022. Sarah Silbiger | Reuters After years of being a beacon for financial markets, the Federal Reserve suddenly finds itself second-guessed as it tries to navigate the economy through a wicked bout of inflation and away from …

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May retail, industrial production, fixed asset investment

May retail, industrial production, fixed asset investment

New energy vehicles, which include hybrid and battery-powered cars, have seen sales surge in China despite a slump in the overall car market. Pictured here is an unnamed new energy vehicle factory in Jiangsu province on June 13, 2022. wan shanchao | Visual China Group | Getty Images BEIJING — China released economic data for …

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Inflation and Fed sparking one way trip to market misery: Jim Bianco

Inflation and Fed sparking one way trip to market misery: Jim Bianco

Until inflation peaks and the Federal Reserve stops hiking rates, market forecaster Jim Bianco warns Wall Street is on a one way trip to misery. “The Fed only has one tool to bring in inflation and that is they have to slow demand,” the Bianco Research president told CNBC “Fast Money” on Tuesday. “We may …

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Coinbase lays off 18% as execs prepare for recession, 'crypto winter'

Coinbase lays off 18% as execs prepare for recession, ‘crypto winter’

Coinbase Founder and CEO Brian Armstrong attend Consensus 2019 at the Hilton Midtown on May 15, 2019 in New York City. Steven Ferdman | Getty Images Coinbase is laying off almost a fifth of its workforce amid a collapse in its stock and crypto prices. The cryptocurrency exchange will cut 18% of full-time jobs, according …

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Bitcoin plunge spells trouble for Michael Saylor's MicroStrategy

Bitcoin plunge spells trouble for Michael Saylor’s MicroStrategy

Michael Saylor, chairman and chief executive officer of MicroStrategy, first got into bitcoin in 2020, when he decided to start adding the cryptocurrency to MicroStrategy’s balance sheet as part of an unorthodox treasury management strategy. Eva Marie Uzcategui | Bloomberg | Getty Images Having once lost $6 billion at the height of the dotcom bubble, …

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Bitcoin (BTC) falls as market focuses on Celsius issue, Fed rate hike

Bitcoin (BTC) falls as market focuses on Celsius issue, Fed rate hike

Bitcoin and other cryptocurrencies fell sharply as investors dump risk assets. A crypto lending company called Celsius is pausing withdrawals for its customers, sparking fears of contagion into the broader market. Nurphoto | Nurphoto | Getty Images Bitcoin tumbled below $24,000 on Monday, hitting its lowest level since December 2020, as investors dump crypto amid …

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Crypto lender Celsius breaks withdrawals;  bitcoin slides

Crypto lender Celsius breaks withdrawals; bitcoin slides

Celsius CEO Alex Mashinsky. Piaras Ó Midheach | Sportsfile for Web Summit | Getty Images Celsius, a controversial cryptocurrency lending platform, said Monday it was pausing all withdrawals, causing more pain in the fragile crypto market. Celsius is one of the largest players in the nascent crypto lending space, with more than $8 billion lent …

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Stocks retest the lows with investors facing an aggressive Fed, consumers in combustible mood

Stocks retest the lows with investors facing an aggressive Fed, consumers in combustible mood

Lily Tomlin might have been talking about today’s stock market when she said, “No matter how cynical you become, it’s impossible to keep up.” Wall Street for months has been working to take a dimmer view of the future, brace for uncomfortably corrosive inflation and dampen its optimism on economy. Yet so far these efforts …

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Stocks like Planet Fitness & ChargePoint are winners in this market

Stocks like Planet Fitness & ChargePoint are winners in this market

Investors scrambling for safety amid the persistent market downturn have plenty of buying opportunities, analysts said this week. There’s still a bunch of stocks that are attractively valued that analysts believe have tremendous upside even amid the growing concerns the economy is barreling toward a recession induced by a 40-year high in inflation. CNBC Pro …

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