Bitcoin plunged and the world’s largest stablecoin, tether, briefly edged down from its $1 peg, adding to fears of more turbulence in the cryptocurrency market. Cryptocurrencies have been hit by two forces this week. On one side, concerns that inflation will necessitate aggressive central-bank tightening have sapped the desire to hold assets perceived as higher … Read more
Bitcoin prices have suffered a rout over the past week alongside other cryptocurrencies. Dreamstime Text size Bitcoin and other cryptocurrencies remained under pressure on Wednesday, but above their Tuesday lows, with the focus on the meltdown of stablecoin TerraUSD, which is designed to be pegged to the US dollar. The price of Bitcoin fell 2% … Read more
Airfare costs have taken off ahead of a summer travel season running on steep demand and high gas prices, according to new price inflation data released Wednesday. The record-breaking cost increase for airline tickets stood out in a Consumer Price Index reportt that showed an overall 0.3% increase in the cost of living from March … Read more
This article is reprinted by permission from The Escape Home, a newsletter for second homeowners and those who want to be. Subscribe here. © 2022. All rights reserved. This week we caught up with Jeff Keiter, our resident landscape architecture guru, who previously chatted with us about winter trends for your yard. Today we are … Read more
Bitcoin prices have suffered a rout over the past week alongside other cryptocurrencies. Dreamstime Text size Bitcoin and other cryptocurrencies remained under pressure on Wednesday, but above their Tuesday lows, with the focus on the meltdown of stablecoin TerraUSD, which is designed to be pegged to the US dollar. The price of Bitcoin fell 2% … Read more
A man wearing personal protective equipment walks near a locked area due to the recent Covid-19 coronavirus outbreaks in Beijing on May 10. Photo: Christmas celis/Agence France-Presse/Getty Images Beijing’s Covid lockdowns are an economic danger for China and everyone, and the Communist Party seems to know it. Witness recent and belated attempts to spur economic … Read more
A selloff in a cryptocurrency that was supposed to be pegged to $1 accelerated Wednesday, briefly sending its price to less than a quarter of that value. TerraUSD traded as low as 23 cents on Wednesday, according to data from CoinDesk. As of 5:15 am ET, it had partially rebounded to about 41 cents in … Read more
The majority of Americans — 7 out of 10 — plan to travel in the next 12 months for leisure, according to a February Nerd Wallet survey. Many Americans are looking to travel this summer, and most hope to find a good deal. Air travel has nearly returned to pre-pandemic levels. The number of flyers … Read more
Hello and welcome to Financial Face-off, a MarketWatch column where we help you weigh financial decisions. Our columnist will give her verdict. Tell us whether you think she’s right in the comments. And please share your suggestions for future Financial Face-off columns. The job market is hot and so are salaries. People are quitting jobs … Read more
Bitcoin’s tumbling price is dragging down MicroStrategy’s stock. Dreamstime Text size MicroStrategy , a software and Bitcoin holding company, was tumbling again as the price of the crypto continued to slide. Shares of MicroStrategy (ticker: MSTR) were down 23% in trading Monday, to around $227 a share. The company held 129,218 Bitcoins on its balance … Read more
