Prices consumers pay for a wide variety of goods and services rose more than expected in September as inflation pressures continued to weigh on the US economy. The consumer price index increased 0.4% for the month, more than the 0.3% Dow Jones estimate, according to the Bureau of Labor Statistics. On a 12-month basis, so-called … Read more
Despite an uncertain economy with looming fears of a recession, Microsoft‘s top cloud executive Scott Guthrie has not seen organizations slow their efforts to move software programs to the cloud in the past few months. His remarks suggest demand remains strong for cloud computing services that a handful of large technology companies provide to governments, … Read more
Google’s senior vice president of advertising and commerce Sridhar Ramaswamy Krisztian Bocsi | Bloomberg | Getty Images A top form Google executive wants to make searching the blockchain easier with his new startup. Sridhar Ramaswamy, who led the internet giant’s ad business from 2013 to 2018, has started a new company called nxyz. The venture … Read more
US Treasury Secretary Janet Yellen holds a news conference in the Cash Room at the US Treasury Department in Washington, US July 28, 2022. Jonathan Ernest | Reuters The Treasury Department fined a Washington-based cryptocurrency trading platform $29.3 million for violating multiple sanctions, including those prohibiting US companies from doing business with individuals operating in … Read more
The charts of bitcoin, Tesla and Ark Innovation ETF are all showing the same thing: That the market for the some of the riskiest holdings is at an inflection point. That could be a warning sign for the broader market as well. Jonathan Krinsky, chief market technician at BTIG, says all three are testing key … Read more
Employees work on bitcoin mining computers at Bitminer Factory in Florence, Italy. Alessandro Bianchi | Reuters Software used in bitcoin mining just got its first upgrade since late 2012, and a coalition of companies including payments giant block (formerly Square) is trying to help push the open-source protocol forward to become an industry standard. The … Read more
Google Cloud CEO Thomas Kurian speaks during the Google Cloud Next event in San Francisco on April 9, 2019. Michael Short | Bloomberg | Getty Images Google said Tuesday that it will rely on Coinbase to start letting some customers pay for cloud services with cryptocurrencies early in 2023, while Coinbase said it would draw … Read more
Job growth fell just short of expectations in September and the unemployment rate declined despite efforts by the Federal Reserve to slow the economy, the Labor Department reported Friday. Nonfarm payrolls increased 263,000 for the month, compared to the Dow Jones estimate of 275,000. The unemployment rate was 3.5% vs the forecast of 3.7% as … Read more
Visa payment cards laid out on a computer keyboard. Matt Cardy | Getty Images Visa is betting that crypto investors still want to spend their digital currencies, even as prices plummet this year. The payments giant is teaming up with global exchange FTX to offer debit cards in 40 countries with a focus on Latin … Read more
The number of new workers hired in September could fall to a one-and-a-half-year low, but the US jobs market is still too hot for a Federal Reserve that worries a labor shortage is adding to high inflation. Here’s what to watch in the employment report on Friday morning: Wall Street forecast The increase in employment … Read more
