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.

Global Payments Leader, SumUp, Acquires U.S. Payments and Marketing platform, Fivestars, for $317 Million
USA finance

Global Payments Leader, SumUp, Acquires U.S. Payments and Marketing platform, Fivestars, for $317 Million

Europe’s leading fintech scales its operations within the U.S. through the acquisition of America’s largest local commerce network SumUp, the London-based global payments service provider with over 2,800 employees across three continents, today announces its acquisition of Fivestars (www.fivestars.com), America’s largest two-sided local commerce network that combines a

Biden, convert to mandate, lays financial grounds for Shot | National News
USA finance

Biden, convert to mandate, lays financial grounds for Shot | National News

By midsummer, the more contagious delta variants of the virus had eroded months of health and economic progress, and the rate of new vaccinations was slowly slowing down. Biden’s strategy has shifted from incentives to compulsions by slowly and deliberately tightening immunization restrictions. “This is a good political strategy, but it’s also a good public …

Charles Schwab Strategist Skeptical of Crypto — Puts Faith in Banking System, Federal Reserve – Featured Bitcoin News
Bitcoin news

Charles Schwab Strategist Skeptical of Crypto — Puts Faith in Banking System, Federal Reserve – Featured Bitcoin News

Charles Schwab’s chief investment strategist says she puts faith in the entire U.S. financial system, the banking system, the power of the central bank, and the Federal Reserve more than bitcoin. Charles Schwab’s Strategist Skeptical […]

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