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Search resuls for: "Commodities Futures"


2 mentions found


☆ FTX's founder dismisses balance sheet concerns as 'false rumors'
  + stars: | 2022-11-07 | by ( Hannah Lang Elizabeth Howcroft | Hannah Lang | Elizabeth Howcroft | ) www.reuters.com   time to read: +4 min
loading"A competitor is trying to go after us with false rumors," FTX's Bankman-Fried said in a series of tweets on Monday. According to CoinDesk's report, much of Alameda's $14.6 billion in assets are held in FTX's token, which is called FTT. Reuters was unable to independently verify the accuracy of the report or the origin of the leaked balance sheet. Since the CoinDesk report on Nov. 2, FTX's token has shed around $400 million from its market cap as traders sold the token. With a market cap of around $3 billion, FTX's token ranks as the 28th largest cryptocurrency, according to CoinGecko.
☆ Inflation rate for September 2022: 8.2%. CPI up by 0.4%
  + stars: | 2022-10-13 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | Rob Wile | ) www.nbcnews.com   time to read: +3 min
The annual U.S. inflation rate was little changed in September, hitting 8.2% year-over-year compared with August's 8.3% reading as the pace of price increases remains at multidecade highs, causing pain for many U.S. households. Inflation remains at the top of Americans' minds going into the last quarter of a year that has seen across-the-board volatility in food, gasoline and energy prices. So the burden of bridling a stubborn inflation rate sits on the doorstep of the Federal Reserve. "There's definitely still a Russia-Ukraine effect keeping food prices elevated," he said. "Food price inflation is going to stay a problem in US for next couple of months," Adams said.
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