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Lowest weekly close since December 2020 — 5 things to know in Bitcoin this week

Lowest weekly close since December 2020 — 5 things to know in Bitcoin this week

Bitcoin (BTC) begins a new week with a totally different feel to last as BTC/USD seals its lowest weekly close since December 2020. A night of losses into June 13 means that the largest cryptocurrency is now edging closer to beating its ten-month lows from May. The weakness has left a few guesses: shock inflation …

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Stocks slump on fresh inflation, China COVID worries By Reuters

Stocks slump on fresh inflation, China COVID worries By Reuters

© Reuters. FILE PHOTO: A man looks at stock market monitors in Taipei January 22, 2008. REUTERS/Nicky Loh/File Photo By Kevin Buckland TOKYO (Reuters) – Asian stocks sank on Monday and bond yields ticked higher as red-hot inflation reignited worries about even more aggressive US interest rate increases while new mass COVID-19 testing in China …

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Markets in Asia fall after rough week on Wall Street;  Japan's yen slides to two-decade-low

Markets in Asia fall after rough week on Wall Street; Japan’s yen slides to two-decade-low

Japan’s Nikkei tumbled 2.9%, as the Japanese yen weakened to the lowest level in more than 20 years. The Japanese currency has declined rapidly in recent months because of a strong greenback and ultra-loose Japanese monetary policy. The Japanese central bank and government warned in a rare joint statement on Friday that they are concerned …

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FDA says Pfizer COVID-19 vaccine appears effective for children under 5

FDA says Pfizer COVID-19 vaccine appears effective for children under 5

Check out what’s clicking on FoxBusiness.com. The Food and Drug Administration said Sunday that Pfizer’s COVID-19 vaccine appears to be safe for children under 5 years old, the only age group not yet eligible for vaccination in the US The agency published its review ahead of a Wednesday meeting in which outside experts will vote …

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Treasury yields in focus amid key inflation data

2-year Treasury rate hits highest level since 2007

US Treasury yields surged Monday morning, led by short-term rates, as traders reacted to hotter-than-expected inflation data last week and contemplated a possible recession. The 2-year rate jumped more than 10 basis points to 3.1535%, reaching its highest level since 2007. The benchmark 10-year Treasury yield also rose, last trading at about 3.1762%, with the …

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why crypto is falling today

Crypto Crash Reason (6/13): Why is crypto crashing today? Experts speak

Why is crypto crashing today? Cryptocurrency markets have crashed to a new low of this year today. The global market cap has shrunk to $1.02 trillion from $1.10 trillion recorded yesterday. The global cryptocurrency market cap has fallen by around $1 trillion this year while almost every top coin is now worth half or even …

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Google Agrees to Pay $118 Million to Settle Pay Discrimination Case

Google Agrees to Pay $118 Million to Settle Pay Discrimination Case

Google has settled a class-action lawsuit that accused it of systematically underpaying women, promising to provide $118 million in monetary relief and invite outsiders to review its pay practices. Three former Google employees first sued the company in 2017 in Ellis v. Google LLC, claiming that it paid women less than men for the same …

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Google engineer claims LaMDA conversation AI is 'sentient'

Google engineer claims LaMDA conversation AI is ‘sentient’

Over the weekend, a Google engineer on its Responsible AI team made the claim that the company’s Language Model for Dialogue Applications (LaMDA) conversation technology is “sentient.” Experts in the field, as well as Google, disagree with that assessment. What is LaMDA? Google announced LaMDA at I/O 2021 as a “breakthrough conversation technology” that can: …

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US stock futures sink after Wall Street's worst week since January

US stock futures sink after Wall Street’s worst week since January

US stock-index futures sank Sunday after Wall Street’s worst week since January. Dow Jones Industrial Average futures YM00, -1.26% fell about 300 points, or 1%, as of midnight Eastern, while S&P 500 futures ES00, -1.64% and Nasdaq-100 futures NQ00, -2.14% posted even steeper declines. Prices of bitcoin and other cryptocurrencies also slid over the weekend, …

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Investor flight from China reverses as Beijing shifts sentiment

Investor flight from China reverses as Beijing shifts sentiment

The global flight from Chinese stocks during the routing earlier this year has reversed, underlining the rapid shift in sentiment as investors bet Beijing can engineer a recovery for the world’s second-largest economy. The Chinese stock market has staged a rebound in recent weeks as authorities step up their efforts to boost an economy blighted …

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