Key Highlights: Higher-than-expected U.S. inflation data sparked a widespread market retreat, driving down the S&P 500 by 1.1% and the Nasdaq Composite by 1.9%. Artificial intelligence infrastructure and high-growth tech firms absorbed steep losses, with CoreWeave dropping 16%, Nebius sliding 11%, and Oracle declining 9%. Bitcoin mining companies reallocating energy infrastructure toward AI workloads now ...
Key Highlights U.S. Consumer Price Index (CPI) and Producer Price Index (PPI) releases will gauge inflation trajectories ahead of the Federal Reserve’s October gathering. Third-quarter bank earnings from financial heavyweights BlackRock and BNY will provide clarity on corporate lending, trading activity, and capital flows. The crypto ecosystem faces a busy calendar with Ethereum developer meetings, ...
Bitcoin, Ethereum, and XRP extended their losing streak on Thursday after fresh U.S. inflation data fueled speculation that the Federal Reserve will raise interest rates at its upcoming policy meeting. The renewed sell-off across major cryptocurrencies highlights the asset class’s continued sensitivity to macroeconomic shifts and central bank signaling. Inflation Data Triggers Rate-Hike Bets The ...