Live news: Traders price in fed rate hike for December as bitcoin and gold retreat
Markets price in a December Fed rate hike ahead of U.S. inflation data, while bitcoin and gold fall and oil retreats on easing Iran tensions. Source:CoinDesk
U.S. Treasury moves to cut off crypto exchange MEXC over $16 billion in alleged illicit flows
Treasury billed the move as part of its campaign against Iran, but the order rests on MEXC's alleged role in Russian illicit finance. Source:CoinDesk
US sanctions Canadian money-exchange firms over Iran ties
US also offers as much as $20 million and possible relocation for information about Iran’s nuclear program. Source:Cointelegraph
Trump’s Iran war has changed the future of Social Security
It’s a mathematical certainty that the Iran war is going to have an enormous influence on the future of retirement in America. Source:MarketWatch
Interest rates could go ‘significantly higher’ if oil prices keep climbing — even if the Iran war ends soon
Strategists at Bank of America found a dramatic correlation between interest rates and oil prices in the U.S., U.K. and Germany. Source:MarketWatch
A prolonged war in Iran is the market’s real ‘black swan,’ says this strategist
Alicia Levine, of BNY’s wealth management business, said markets have not priced in the possibility of the war in Iran lasting for a long time.…
Dow scores its best day in 18 months in a broad relief rally after Democrats sweep to power in Congress
Stocks surged, oil prices plunged and bond yields fell Wednesday on optimism around a quicker end to the Iran war now that Democrats have clinched control of…
Oil prices are in freefall now that the Democratic sweep is ‘rewriting the Iran playbook’
Oil dropped Wednesday, putting prices on track for their largest oneweek decline since 2020. Source:MarketWatch
Bitcoin risks drop below $76K as 7% oil slide fails to spark BTC price rally
Bitcoin fell around 1.7% on Monday as stocks pared early gains fueled by hopes of a diplomatic resolution to the USIran war. Source:Cointelegraph
Bitcoin claws back toward $79,000 as markets shake off crypto's biggest hack
ZEC led the majors and oil slid on a report that Trump wants to give Iran diplomacy more time, with U.S. midterm elections on Tuesday. Source:CoinDesk
Why gold plunged to its lowest price in a year despite renewed Iran jitters
Safehaven gold fell to its lowest price in a year, despite jitters around the potential for fresh Middle East attacks following the U.S. midterm elections on…
As Trump touts energy companies’ fortunes, U.S. consumers face the most expensive year for gas prices ever
President Donald Trump can’t stop touting the fortunes U.S. energy companies have made during the Iran war, while canvassing the country to support Republican…