News with the tag "Consumer"

A recent survey from the University of Michigan finds that consumer sentiment is down 26.5% since May 2024. According to the university’s ongoing Surveys of Consumers, the Index of Consumer Sentiment dropped to 50.8 this month, the second-lowest rating ever recorded. The lowest rating ever recorded ...

Consumer spending is slowing down across all income levels, according to the Bank of America’s research arm. The Bank of America Institute says consumer transactions and spending on unnecessary expenses have been waning since the beginning of the year. “The gradual easing in consumer spending moment...

Economic indicators can often feel like abstract numbers, but they paint a crucial picture of the financial landscape that influences everything, including the volatile world of cryptocurrencies. The latest data on US Consumer Sentiment has just been released, and it’s certainly caught the market’s ...

After an extended bullish period for Bitcoin , the flagship asset has moved into bearish territory, witnessing a $10,000 value drop in just 2 days. BTC’s price descent has triggered fears of heightened selling pressure in the short term as a significant portion of the asset has been moved into crypt...

In the fast-paced world of cryptocurrency and decentralized finance, keeping an eye on traditional financial markets is crucial. Why? Because movements in major currencies like the British Pound (GBP), often mirrored in forex markets, can signal broader economic trends that ripple across all asset c...

Cryptocurrency markets often react to traditional market shifts, and the recent dollar pullback is no exception. The greenback’s stumble comes as retail giant Walmart issued a cautious sales outlook, sending ripples of concern through the US economy. But what does this mean for you, and how might it...

President Donald Trump is set to sign an executive order beginning a government-wide review of regulations. According to a White House fact sheet, the order will require all federal agencies to assess their regulations to ensure alignment with the administration’s policies and billionaire Elon Musk’...

President Donald Trump is just about done naming the key figures he's seeking to get into financial regulation posts that will direct the future oversight of the crypto industry, now including lawyer Jonathan Gould as a nominee to run the Office of the Comptroller of the Currency that oversees U.S. ...

U.S. inflation unexpectedly marched higher in January, sending crypto and traditional markets sharply lower. The closely-watched Consumer Price Index (CPI) rose 0.5% in January versus an expected 0.3% and December's 0.4% pace. On a year-over-year basis, CPI was higher by 3.0% against forecasts for 2...

The crypto industry can likely look forward to two more agencies falling into line on its digital assets policy aims: the Office of the Comptroller of the Currency, which is one of the chief U.S. banking regulators, and the Consumer Financial Protection Bureau, where the lights are effectively being...