Bitcoin has seen a significant drop in price, falling to $64,000 as large outflows from the Grayscale Bitcoin Trust (GBTC) continue. This has raised concerns among investors and analysts about the future of the cryptocurrency market.
The Federal Trade Commission (F.T.C.) recently concluded an investigation into major grocers across the country and found that many had taken advantage of supply chain disruptions during the COVID-19 pandemic. The report details how these large retailers engaged in anticompetitive behavior to drive up prices and limit consumer choice.
US investors are bracing themselves for a potential surge in inflation as markets in Asia take a much-needed holiday. With concerns over the rapidly recovering US economy and the flood of stimulus money pouring into the system, fears of rising prices are prompting jittery investors to closely monitor the situation.
Numerous studies have emphasized the detrimental effects of excessive alcohol consumption on public health. In a recent and groundbreaking research, it has been found that an effective way of reducing alcohol intake is by eliminating large wine measures. According to the study, which analyzed data from over 10,000 participants, this measure alone could result in a 7.6% reduction in alcohol consumption.
A recent comprehensive review of US health records has found no evidence to suggest that the use of Ozempic or Wegovy, two popular medications for weight management, is associated with a higher risk of suicidal ideation. The review’s findings provide reassurance to patients and healthcare professionals alike.
The health of the U.S. labor market is set to take center stage in the financial world this upcoming week. Investors and analysts eagerly await the release of key economic data, specifically the nonfarm payroll report, which provides vital insights into the state of the job market. With the recent surge in COVID-19 cases and ongoing concerns about the Delta variant, the implications for the labor market are significant, making this report all the more crucial.
Despite a larger-than-expected inventory drawdown in the United States, oil prices dropped on Tuesday due to concerns over a potential global economic slowdown. The American Petroleum Institute (API) reported a substantial decrease in crude oil inventories for the week ending on September 10, 2021. However, fears surrounding weakening demand overshadowed this positive news, leading to a decline in oil prices.
