How major US stock indexes fared Wednesday
USA finance

How major US stock indexes fared Wednesday

Stocks closed higher on Wall Street Wednesday after the latest report of surging prices appeared to keep the Federal Reserve on track to raise interest rates later this year. The S&P 500, the Dow Jones Industrial Average and the Nasdaq rose. Technology stocks led the market higher. Inflation jumped 7% last month, its fastest year-over-year pace in nearly four decades, but in line with economists’ forecasts. Fed Chair Jerome Powell told Congress Tuesday the Fed stands ready to raise rates to fight inflation.

‘AEX takes back gas with Fed boss Powell in its sights’ | Financial
USA finance

‘AEX takes back gas with Fed boss Powell in its sights’ | Financial

We also look forward to the statements that Federal Reserve (Fed) Chairman Jerome Powell will make to Congress on Wednesday and Thursday. Investors are especially curious about what Powell will say about the rapidly rising inflation in the United States. On Tuesday it was already announced that inflation in June reached the highest level in …

Bitcoin Falls to Two-Week Low as China Cracks Down on Crypto
Bitcoin news

Bitcoin Falls to Two-Week Low as China Cracks Down on Crypto

(Bloomberg) — Bitcoin fell to a two-week low amid an intensifying cryptocurrency crackdown in China.The largest virtual currency fell 10% to $32,350 as of 8:50 a.m. in New York. Ether declined 13% to $1,950.China announced on Monday that it summoned officials from its biggest banks to a meeting to reiterate a ban on providing cryptocurrency services. It’s the latest sign that China plan to do whatever it takes to close any loopholes left in crypto trading. Representatives from Industrial and Co