Price

Namthip Muanthongthae/Getty Images (NEW YORK) — The price of bitcoin has tumbled about 12% from a record high reached earlier this week. After topping $108,000 for the first time on Tuesday, the world’s largest cryptocurrency dropped to a price below $93,000 in early trading on Friday. Bitcoin soon recovered some of those losses, settling around $95,000 at 9:30 a.m. […]

Anton Petrus/Getty Images (NEW YORK) — Inflation data to be released on Thursday will show whether a monthslong cooldown of price increases continued in July. The fresh data arrives roughly two weeks after the Federal Reserve raised its benchmark interest rate another quarter of a percentage point, reviving its aggressive inflation fight despite a slowdown […]

Javier Ghersi/Getty Images (NEW YORK) — Consumer prices rose 4.9% last month compared to a year ago, extending a monthslong slowdown and bolstering hopes that inflation will continue its return back to normal levels. The fresh data aligns with the Federal Reserve’s effort to slow the economy and slash prices while averting a recession. The […]

Javier Ghersi/Getty Images (NEW YORK) — Consumer prices rose 5% last month compared to a year ago, extending a months-long slowdown of price increases as the Federal Reserve aims to bring inflation down to normal levels without pushing the U.S. into a recession, government data on Wednesday showed. The fresh data showed the lowest year-over-year […]