Tag Archives: Prices

Uber CEO says the company may actually benefit from rising inflation

A key August inflation report sent stocks tumbling Tuesday after the consumer price index gained 0.1% for the month despite falling gas prices. But the report isn’t all bad for companies like Uber, which said its supply side may actually be benefiting from the inflationary environment. CEO Dara Khosrowshahi told …

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Bitcoin slumps 7%, reversing gains, after inflation report disappoints

Representations of cryptocurrency Bitcoin are seen in this illustration, August 10, 2022. REUTERS/Dado Ruvic/Illustration Dado Ruvic | Reuters Bitcoin fell Tuesday, following stocks lower after the August consumer price index report came in higher than expected. The cryptocurrency shed 7.31% to $20,804.00 at 12:45 p.m. ET. The declining price is …

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Bitcoin (BTC) price falls below $19,000 as crypto market drops below $1 trillion

Bitcoin continues to trade in a tight range of $18,000 to $24,000 mark, keeping investors on edge about where the price is going next. The crytpo market has been plagued with a number of issues from collapsed projects to bankruptcies. Nurphoto | Getty Images Bitcoin traded below $19,000 on Wednesday …

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Price bump expected over last year’s models

A customers holds the new green colour Apple iPhone 13 pro shortly after it went on sale inside the Apple Store on 5th Avenue in New York, March 18, 2022. Mike Segar | Reuters Apple will announce its latest hardware products, including new iPhone 14 models, at its launch event …

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Bitcoin drops below $20,000 to lowest level since mid-July as investors dump risk assets

Bankruptcy filings from Celsius and Voyager have raised questions about what happens to investors’ crypto when a platform fails. Rafael Henrique | Sopa Images | Lightrocket | Getty Images Bitcoin dropped below $20,000 on Monday as investors dumped risk assets after the Federal Reserve affirmed its commitment to an aggressive tightening …

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Coinbase stock pops 17% as cryptocurrencies bitcoin and ether rally

Monitors display Coinbase signage during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, on Wednesday, April 14, 2021. Michael Nagle | Bloomberg | Getty Images Shares of Coinbase popped 17% on Monday as cryptocurrencies like bitcoin and ether rallied. Bitcoin, the world’s largest cryptocurrency, was …

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Tesla can lower car prices if inflation ‘calms down’

Tesla CEO Elon Musk said in a tweet Friday that the electric car company could lower prices if inflation “calms down.” The Bureau of Labor Statistics reported a higher-than-expected inflation rate this week with the consumer price index rising 9.1% from a year ago. Tesa increased the prices of all …

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Wealthy customers will help Apple resist the effects of inflation

An employee arranges Apple iPhones as customer shop at an Apple store. Mike Segar | Reuters The last time Apple faced an inflationary environment like this, it had been a public company for less than a year and its best-selling product was the Apple II home computer. In May, the …

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Bitcoin (BTC) falls as market focuses on Celsius issue, Fed rate hike

Bitcoin and other cryptocurrencies fell sharply as investors dump risk assets. A crypto lending company called Celsius pausing withdrawals for its customers, sparking fears of contagion into the broader market. Nurphoto | Nurphoto | Getty Images Bitcoin tumbled below $25,000 late on Sunday, hitting its lowest level since December 2020, …

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White House hits back at Amazon’s Bezos after Biden inflation spat

Amazon CEO Jeff Bezos speaks during the UN Climate Change Conference (COP26) in Glasgow, Scotland, Britain, November 2, 2021. Paul Ellis | Reuters The White House on Monday hit back at Amazon founder Jeff Bezos after he took a swipe at President Joe Biden in a series of tweets over …

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