Category: Economy

Economy

Bitcoin hits highest level since May 2022

1 min read

Overall crypto market capitalization is at its highest level since May 2022 with nearly $400 billion added since the start of October. During European morning hours on Friday, Bitcoin surged to $38,800 for the first time since May 2022, extending its robust multi-month upward trend supported by expectations of institutional demand. The asset increased by almost 3% in the last day, tracking a rise in stock markets around the world. Premarket trading saw a 0.17% increase in the futures of the S&P 500 and Dow Jones, while the European index Stoxx 600 gained 0.52% since Friday’s opening. […]

Economy

The ‘biggest threat to global order since the 1930s’ is underway

FILE - In this May 14, 2019, fiel photo, containers are piled up at a port in Qingdao in east China's Shandong province. China’s economic growth slowed to a 26-year low in the latest quarter as a tariff war with Washington weighed on exports and auto sales and other domestic activity weakened. The world’s second-largest economy expanded by 6.2 percent in the three months ending in September, down from the previous quarter’s 6 percent, data showed Friday, Oct. 18, 2019. (Chinatopix via AP, File)
3 min read

The United States is facing its fourth major inflection point in history since the early 20th century, and if world leaders get it wrong, the results could […]