• Producer prices up 0.5 pct from April, 3.1 pct in past year

    7 days ago - By Chron

    WASHINGTON - U.S. wholesale prices last month posted the biggest 12-month gain since January 2012, a sign that the strong economy is beginning to rouse inflation.
    The Labor Department said its producer price index- which measures inflation before it reaches consumers- rose 3.1 percent from May 2017. The index rose 0.5 percent from April, biggest one-month increase since January. In April, producer prices rose just 0.1 percent.
    Energy prices surged 4.6 percent last month from April, the biggest jump in three years.
    Core wholesale prices - which excludes the volatile food and energy sectors...
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  • Bitcoin is slipping after a study claiming its 2017 bull run was driven by market manipulation

    7 days ago - By Chron

    Markets Insider
    Bitcoin fell 2% on Wednesday after a new academic paper was published claiming bitcoin's price run to December last year was driven by manipulation.
    The University of Texas at Austin paper alleges that exchange Bitfinex may have used Tether, a cryptocurrency it is closely linked to, to support the price.
    Bitfinex's CEO told BI: "Bitfinex nor Tether is, or has ever, engaged in any sort of market or price manipulation. Tether issuances cannot be used to prop up the price of Bitcoin or any other coin/token on Bitfinex.
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  • UK inflation holds at one-year low despite oil price rise

    7 days ago - By Reuters

    British consumer price inflation unexpectedly held at a one-year low last month, though rising oil prices suggest an increase could be on its way, according to official figures which keep a Bank of England rate rise in view. As David Pollard reports, consumer price inflation held at an annual rate of 2.4 percent in May, its joint-lowest since March 2017.
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  • Bitcoin is slipping after study claims its 2017 bull run was driven by market manipulation

    Bitcoin is slipping after study claims its 2017 bull run was driven by market manipulation

    7 days ago - By Business Insider

    Bitcoin fell 2% on Wednesday after a new academic paper was published claiming bitcoin's price run to December last year was driven by manipulation.
    The University of Texas paper alleges that exchange Bitfinex may have used Tether, a cryptocurrency it is closely linked to, to support the price.
    Bitfinex's CEO told BI: " Bitfinex nor Tether is, or has ever, engaged in any sort of market or price manipulation. Tether issuances cannot be used to prop up the price of Bitcoin or any other coin/token on Bitfinex."
    The price of bitcoin fell against the dollar on Wednesday after an academic paper...
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  • The Fed may need a total of four rate hikes in 2018

    7 days ago - By CNBC

    Scott Nations of NationsShares says the case for hiking four times this year rests on signs of inflation outside of wages and consumer prices.
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  • Bitcoin's Price Was Artificially Inflated Last Year, Researchers Say

    7 days ago - By NY Times

    A University of Texas team found evidence that a cryptocurrency boom may have been largely due to manipulation.
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