Plato Data Intelligence.
Vertical Search & Ai.

Tag: Labor Department

Bitcoin mining stocks surge with broader market as traders see less aggressive Fed

Shares of publicly traded Bitcoin (BTC) miners surged on Jan. 9 as traders piled into equity markets amid growing bets that the United States...

Markets: Bitcoin back above US$17,000; Ether, crypto market extend weekend gains

Bitcoin and Ether rose in Monday morning trading in Asia, rising with the rest of the top 10 non-stablecoin cryptocurrencies by market capitalization, with...

Bitcoin (BTC) Price Under Bearish Pressure, Could Dip To $10k Soon! Here’s Why

In November, the U.S. consumer price index (CPI) rose 0.1% from the previous month, slower than the 0.4% pace in October. This is a...

This Week in Coins: Bitcoin Avoids Heavy Losses as FTX Contagion Spreads

This being week two of the FTX disaster story, crypto investors can expect things to get worse before they get better. However, the two...

Data Shows US Consumer Prices Hit a 40-Year High, Biden Blames Inflation on ‘Putin’s Aggressive Actions’

Data Shows US Consumer Prices Hit a 40-Year High, Biden Blames Inflation on 'Putin’s Aggressive Actions'Following the record 7.5% high for January, the U.S. Labor Department’s Consumer Price Index (CPI) data shows February’s CPI metrics rose to 7.9%. The CPI data published on Thursday is a new 40-year high and month over month, inflation jumped by 0.8%. President Joe Biden is blaming the inflation spike on Russia’s invasion, as he […]

SkyWater Launches Apprenticeship Program to Support Employee Career Growth and Domestic Semiconductor Workforce Development

Program developed in partnership with National Institute of Innovation and Technology and Hennepin Technical College BLOOMINGTON, Minn.–(BUSINESS WIRE)–SkyWater Technology (NASDAQ: SKYT), the trusted technology realization partner, today announced the launch of an apprenticeship program at its Bloomington, Minnesota facility, designed with a combination of on-the-job training and formal education, and based on industry and academic-approved […]

The post SkyWater Launches Apprenticeship Program to Support Employee Career Growth and Domestic Semiconductor Workforce Development appeared first on Fintech News.

US Senator’s Inflation Report Says ‘Its Only Going to Get Worse,’ Truflation Oracle Reveals True Inflation Rate

America’s media, central bankers, and bureaucrats continue to debate the rising inflation in the U.S. that has raised the cost of living and increased the prices of goods and services nationwide. Senator Rand Paul, R-Ky., believes the inflation is “only going to get worse” and he published a report on the issue and blamed excessive […]

Euro Inflation Hits Record Highs

Euro Inflation Hits Record Highs

According to preliminary Eurostat estimates cited by Trading Economics, annual inflation in the eurozone surged for the sixth straight month in December to a record high of 5 percent. Inflation last dipped in June, when it dropped to 1.9 percent from 2 percent in May.  “We view these figures with some concern, as they are higher than we initially expected,” Isabel Schnabel, member of the Executive Board of the ECB, commented in a recent interview with Süddeutsche Zeitung. The official also acknowledged that many individuals in Europe are concerned about the decline in real salaries and interest income. Nonetheless, Schnabel made it plain that the European Central Bank is not yet ready to hike interest rates in the eurozone, citing estimates that the global pandemic’s price spike will be followed by a ‘marked decrease.’ The banker also indicated that the ECB should avoid suffocating the recovery, saying: “In our predictions, medium-term inflation will even fall below our objective of 2 percent, even if we accept that the projections are currently subject to great uncertainty.” European Central Bank to Act if Inflation Settles Above 2% The ECB executive body’s spokesman also stated that the euro zone’s central bank ‘would act promptly and aggressively if we determine that inflation may stabilize over 2 percent.’ She stated that ending net asset purchases is a prerequisite for raising rates. The decision by the ECB’s Governing Council in December to progressively cut them over the next quarters, according to Schnabel, is the first move in that direction. The Pandemic Emergency Purchase Program is expected to be phased out by the end of March 2022. The official denied claims that the ECB’s silence reflected its fears that the euro debt crisis could resurface if interest rates are raised, particularly in countries like Italy.  “Our actions are guided solely by our price stability mandate. Public borrowing by individual countries has no bearing on the Governing Council’s decisions,” she insisted. The findings from Eurostat and Schnabel’s statements come as other major nations experience rising prices as a result of steps taken to deal with the economic consequences of the COVID-19 outbreak. The consumer price index jumped to 7 percent last month, according to data released by the US Labor Department on Wednesday. This is the most significant annual growth in the last four decades.

The post Euro Inflation Hits Record Highs appeared first on Cryptoknowmics-Crypto News and Media Platform.

Euro Inflation Hits Record Highs, ECB Not in Rush to Raise Interest Rates

Euro Inflation Hits Record Highs, ECB Not in Rush to Raise Interest RatesThe European Central Bank is concerned over inflation in the euro area rising beyond its own expectations, a high-ranking ECB official has admitted. However, Europe’s monetary authority is not prepared to raise interest rates at this point in time, the executive unveiled. ECB Sees No Reason to Adjust Interest Rates Despite Eurozone Inflation Reaching 5% […]

Turks traded $1.8 billion in cryptocurrency in the wake of Lira crash in Q4 2021

Turkish citizens are putting their money into bitcoin and tether to protect themselves from the country’s soaring inflation rate.  The fourth quarter of 2021 saw cryptocurrency trade volumes utilizing the Turkish lira reach an average of $1.8 billion, a significant rise over previous quarters. Turkey’s inflation rate increased by 36% in December 2021, reaching a […]

The post Turks traded $1.8 billion in cryptocurrency in the wake of Lira crash in Q4 2021 appeared first on BitcoinerX.

US Inflation Rate Jumps Highest in 40 Years to 7%, Democrats Concerned Inflation Will Haunt the Party

US Inflation Rate Jumps Highest in 40 Years to 7%, Democrats Concerned Inflation Will Haunt the PartyOne of the hottest topics in the United States in 2022 is the rising inflation, as the U.S. Labor Department’s data published on Wednesday indicated that the consumer price index (CPI) rose to 7% in December. This represents the largest annual jump since 1982. Federal Reserve governor Lael Brainard is set to tell congressional leaders […]

Joe Rogan talks Bitcoin and Silicon Valley’s dystopian version of the metaverse

Joe Rogan and internet entrepreneur Adam Curry discuss crypto during episode #1760 of the Joe Rogan Experience, aired on January 8, 2022.

The post Joe Rogan talks Bitcoin and Silicon Valley’s dystopian version of the metaverse appeared first on CryptoSlate.

Latest Intelligence

spot_img
spot_img
spot_img

Chat with us

Hi there! How can I help you?