In a stunning turnaround that has crypto enthusiasts buzzing, Bitcoin surged by over 3% in the past 24 hours to exceed $114,000 on Tuesday, September 30, 2025, shaking off an earlier weekly dip near $109,000. Keen observers of crypto volatility since the bear market started believe this rebound feels like the spark for “Uptober”, especially …
U.S. consumer spending rose more than expected in August, driven by vacations, dining out, and higher demand for services, keeping the economy on solid ground even as inflation picked up. The Commerce Department reported Friday that household consumption, which makes up over two-thirds of economic activity, climbed by 0.6% after a 0.5% gain in July. …
The U.S. economy expanded at its fastest pace in almost two years during the second quarter of 2025, driven by robust consumer spending, higher business investment, and a sharp narrowing of the trade deficit. Figures released by the Commerce Department’s Bureau of Economic Analysis on Thursday showed gross domestic product (GDP) grew at an annual …
Global stocks fell on Wednesday as the dollar strengthened, following Federal Reserve Chair Jerome Powell’s cautious remarks on U.S. interest rates. Powell avoided committing to the sharp rate cuts investors expect in the coming months, dampening market sentiment. Traders still see a 92% chance of an October cut, according to CME FedWatch, but Powell stressed …
Fidelity Investments, a financial giant managing trillions, made waves in the crypto world on September 23, 2025, by offloading $276.7 million (nearly a quarter billion) in Bitcoin through its FBTC ETF. That was yesterday’s shockwave, and today, September 24, the aftershocks are still being felt. This move doesn’t seem like panic—it feels more like a …
The crypto market has come under intense pressure after Bitcoin (BTC), the undisputed king of digital assets, crashed below $113,000 on Sunday. It also dragged Ethereum (ETH) down by over 7 per cent to $4,100 and Solana (SOL) to a grim $221. The fallout? A staggering $220 billion vaporised from the total crypto market cap, …
By Esther Ososanya Global stock markets soared to unprecedented levels on Wednesday, buoyed by softer-than-expected U.S. inflation figures and mounting investor confidence that the U.S. Federal Reserve will deliver a much-anticipated interest rate cut in September. The MSCI All Country World Index, a benchmark tracking shares across 47 countries, climbed 0.4% to a record 951.74 …
By Esther Ososanya The Federal Reserve is almost certain to cut interest rates in September after fresh inflation data showed prices rising at a moderate pace in July, with Treasury Secretary Scott Bessent hinting a surprise half-point reduction was on the table. Traders in federal funds futures are now pricing a 99.9% probability of a …
By Esther Ososanya Global equities gained on Monday as traders positioned for a pivotal U.S. inflation report. The data could sway the dollar, Treasury yields, and interest rate bets. MSCI’s world share index rose close to its late-July record, driven by strong U.S. earnings and a 0.3% lift in Europe’s STOXX 600. Economic and Geopolitical …
By Esther Ososanya U.S. job growth slowed sharply in July, with nonfarm payrolls increasing by just 73,000 jobs, well below the 110,000 forecasted by economists polled by Reuters. The shortfall is even more concerning when paired with a sharp downward revision of June’s data, which now shows only 14,000 jobs were added that month, compared to the previously reported …
