Cryptoverse: The bonfire of the NFTs

Cryptoverse: The bonfire of the NFTs

July 5 (Reuters) – The NFT dream isn’t dead, but it’s taken a big non-fungible beating. The market shone gloriously last year as crypto-rich speculators spent billions of dollars on the risky assets, pumping up prices and profits. Now, six months into 2022, it’s looking ugly. Monthly sales volume on the largest NFT marketplace, OpenSea, … Read more

US consumer spending, underlying inflation slow in May

US consumer spending, underlying inflation slow in May

Consumer spending increases 0.2% in May Inflation adjusted consumers spending drops 0.4% Core PCE price index rises 0.3%; up 4.7% year-on-year Weekly jobless claims fall 2,000 to 231,000 WASHINGTON, June 30 (Reuters) – US consumer spending rose less than expected in May as motor vehicles remained scarce while higher prices forced cutbacks on purchases of … Read more

World stocks in red as consumers signal recession ahead

World stocks in red as consumers signal recession ahead

LONDON/TOKYO, June 29 (Reuters) – Global stock markets slipped for the second straight day on Wednesday and bond yields inched lower on growing fears that policymakers bent on dampening inflation will tip their economies into recession. A succession of weak data releases in Europe and the United States has not prevented central bankers from doubling … Read more

Crypto crash threatens North Korea’s stolen funds as it ramps up weapons tests

Crypto crash threatens North Korea's stolen funds as it ramps up weapons tests

SEOUL, June 29 (Reuters) – The nosedive in cryptocurrency markets has wiped out millions of dollars in funds stolen by North Korean hackers, four digital investigators say, threatening a key source of funding for the sanctions-stricken country and its weapons programmes. North Korea has poured resources into stealing cryptocurrencies in recent years, making it a … Read more

Los Alamos County, New Mexico, is healthiest US community

Los Alamos County, New Mexico, is healthiest US community

Located roughly 40 miles from Sante Fe, the county is home to canyons and mesas connected by a 58-mile trail network, 13 developed public parks and an expansive golf course. The community of more than 19,000 people scored highest in the housing, population health and infrastructure categories, according to the annual US News & World … Read more

Crypto’s latest meltdown leaves punters bruised and bewildered

Crypto's latest meltdown leaves punters bruised and bewildered

LONDON/MUMBAI/ANKARA, June 21 (Reuters) – For Jeremy Fong, US crypto lender Celsius was an ideal place to stash his digital currency holdings – and earn some spending money from its double-digit interest rates along the way. “I was probably earning $100 a week,” at sites like Celsius, said Fong, a 29-year civil aerospace worker who … Read more

Tasty name but no Big Mac: Russia opens rebranded McDonald’s restaurants

Tasty name but no Big Mac: Russia opens rebranded McDonald's restaurants

June 12 (Reuters) – It might look and smell like McDonald’s but now it’s Vkusno & tochka. The golden arches are gone, the Filet-O-Fish is simply a fish burger. The Big Mac has left Russia. A new era for Russia’s fast-food and economic scene dawned on Sunday, as McDonald’s (MCD.N) restaurants flung open their doors … Read more

US gasoline average price tops $5 per gallon in historic first

US gasoline average price tops $5 per gallon in historic first

June 11 (Reuters) – The price of US gasoline averaged more than $5 a gallon for the first time on Saturday, data from the AAA showed, extending a surge in fuel costs that is driving rising inflation. The national average price for regular unleaded gas rose to $5.004 a gallon on June 11 from $4.986 … Read more

Larry Nassar abuse case: Olympic gymnasts Biles, Raisman and Maroney are among dozens seeking $1 billion from the FBI over botched investigation

Larry Nassar abuse case: Olympic gymnasts Biles, Raisman and Maroney are among dozens seeking $1 billion from the FBI over botched investigation

The claimants include Olympic gymnasts Simone Biles, Aly Raisman and McKayla Maroney and world championship medalist Maggie Nichols. Each has asked for $50 million, according to the law firm that represents them. Gymnasts Kaylee Lorincz and Hannah Morrow are each asking for $42.5 million, the attorneys said. Lawyers say most of the 90 women are … Read more

Cryptoverse: The early birds betting bitcoin’s bottoming out

Cryptoverse: The early birds betting bitcoin's bottoming out

June 7 (Reuters) – As the crypto winter creeps into June, the first signs of a thaw are emerging. Some investors are now betting that bitcoin is bottoming out, judging by the money heading into listed cryptocurrency funds, which represent just a slice of the market yet are popular among institutional and retail players alike. … Read more