Stocks rise as Fed says inflation can temporarily climb above 2% target

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Stocks inched higher Wednesday, recovering from earlier losses. The Federal Reserve released meeting minutes from its May gathering. The dollar rallied, and the 10-year Treasury yield edged lower.  Here’s the scoreboard:  Dow Jones Industrial Average: 24,886.60 +52.19 (+0.21%) S&P 500:  2,727.20 2.76 (+0.10%) AUD/USD: 0.7563 -0.0014 (-0.18%) ASX 200 SPI futures: 6,020.0 -22.5 (-0.37%) Federal Reserve officials said they’re […]

Stocks rise as Fed says inflation can temporarily climb above 2% target

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Stocks inched higher Wednesday, recovering from earlier losses. The Federal Reserve released meeting minutes from its May gathering. The dollar rallied, and the 10-year Treasury yield edged lower.  Here’s the scoreboard:  Dow Jones Industrial Average: 24,886.60 +52.19 (+0.21%) S&P 500:  2,727.20 2.76 (+0.10%) AUD/USD: 0.7563 -0.0014 (-0.18%) ASX 200 SPI futures: 6,020.0 -22.5 (-0.37%) Federal Reserve officials said they’re […]

The once mulit-billionaire CEO who led a crypto-tech company born out of a bra-maker has quietly stepped down

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Mike Poutre, the former chief executive of The Crypto Company, stepped down from his position earlier this month, according to a company filing.  His stake in the company made him a multi-billionaire in December, according to The Wall Street Journal.  The chief executive of a crypto tech company born out of a reverse takeover of […]

Bitcoin cash sinks below $1,000

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Bitcoin cash fell more than 12% to below $1,000 on Wednesday. The cryptocurrency recently increased its block size fourfold to support more transactions. Follow bitcoin cash in real-time here.  Bitcoin cash sank more than 12% Wednesday, falling below $1,000 for the first time since April. The fourth-largest cryptocurrency by market cap is now trading near […]

Bitcoin cash sinks below $1,000

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Bitcoin cash fell more than 12% to below $1,000 on Wednesday. The cryptocurrency recently increased its block size fourfold to support more transactions. Follow bitcoin cash in real-time here.  Bitcoin cash sank more than 12% Wednesday, falling below $1,000 for the first time since April. The fourth-largest cryptocurrency by market cap is now trading near […]

What you need to know on Wall Street today

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Welcome to Finance Insider, Business Insider’s summary of the top stories of the past 24 hours. Sign up here to get the best of Business Insider delivered direct to your inbox. Credit card rewards getting culled  Who can’t relate to the pang of frustration from buying something nice and then noticing it’s been significantly marked down not […]

Bitcoin may be down 40% this year but crypto developers are still fetching $1 million bonuses

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Bitcoin may be down 40% year-to-date, but crypto developers are making out like bandits.  Some firms are offering crypto talent $1 million dollar signing bonuses, according to a Wall Street Journal report.  Bitcoin may be down close to 40% since the beginning of the year, but that doesn’t mean developers with expertise in the technology […]

8 years ago a programmer paid 10,000 bitcoin for 2 Papa John’s pizzas — now it’s the most celebrated day in crypto

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In 2010, a programmer traded 10,000 bitcoin for two Papa John’s pizzas.  Today, those bitcoin would be worth more than $80 million. In honor of that purchase, the crypto world celebrates Bitcoin Pizza Day on May 22.  Watch bitcoin trade in real time here. Happy Bitcoin Pizza Day! For bitcoin newbies, crypto-enthusiasts around the world […]