World stocks up, dollar dips as Fed officials calm inflation fears
Published by Reuters By Simon Jessop and Kevin Buckland LONDON/TOKYO (Reuters) – Global stocks edged higher and the dollar dipped on Friday after U.S. Federal Reserve officials said there would be no imminent move to tighten monetary policy in the…
Why does bitcoin consume ‘insane’ energy?
Published by Relaxnews Cryptocurrency fans have counted Tesla boss Elon Musk as among their champions, but this week he rocked their world by questioning the future of the digital assets and singling out carbon emissions from bitcoin mining for particular…
Why does bitcoin consume ‘insane’ energy?
Published by AFP New York (AFP) – Cryptocurrency fans have counted Tesla boss Elon Musk as among their champions, but this week he rocked their world by questioning the future of the digital assets and singling out carbon emissions from…
Wall Street gains as investors ‘buy the dip’ on upbeat jobs data
Published by Reuters By Stephen Culp NEW YORK (Reuters) – Wall Street advanced in a broad rally on Thursday, bouncing back from three straight days of selling as upbeat labor market data prompted investors to buy shares that stand to…
Everything Going Down the Inflation Drain?
Published by ValueWalk The inflation scare amplified by CPI data caught the mainstream off guard, and the S&P 500 made no attempt at the opening gap. Both the VIX and put/call ratio sharply rose to levels unseen in quite a…
Musk decries bitcoin’s ‘insane’ energy use after Tesla payment U-turn
Published by Reuters By Hyunjoo Jin and Subrat Patnaik (Reuters) – Tesla Inc boss Elon Musk denounced the “insane” amount of energy used to produce bitcoin on Thursday, doubling down on his sudden rejection of the cryptocurrency as a means…
Tesla suspends Bitcoin transactions
Published by BANG Showbiz Tesla is no longer accepting Bitcoin for vehicle purchases due to concerns over climate change. CEO Elon Musk opened up about the decision this week, which comes after an announcement in March that the cryptocurrency would…
Bitcoin recoups some losses after Musk-triggered tumble
Published by Reuters By Kevin Buckland and Alun John TOKYO/HONG KONG (Reuters) -Bitcoin popped back above $50,000 in Asian trade on Thursday, clawing back some of the 17% plunge that followed Elon Musk’s tweet that Tesla Inc would stop accepting…
Tesla’s Musk halts use of bitcoin for car purchases
Published by Reuters By Hyunjoo Jin and Kanishka Singh (Reuters) -Tesla Inc will no longer accept bitcoin for car purchases, Chief Executive Elon Musk said on Wednesday, citing long-brewing environmental concerns for a swift reversal in the company’s position on…
Asia shares spooked by U.S. inflation scare, hope for Fed calm
Published by Reuters By Wayne Cole SYDNEY (Reuters) – Asian shares slipped to seven-week lows on Thursday after a dismaying rise in U.S. inflation bludgeoned Wall Street and sent bond yields surging on worries the Federal Reserve might have to…