By Lucia Mutikani WASHINGTON (Reuters) – U.S. manufacturing contracted for a third straight month in June as demand remained subdued, while a drop in a measure of prices paid by factories for inputs to a six-month low suggested that inflation could continue to subside. The weakness at the end of the second quarter reported by […]
Tag: Ebbing
Bitcoin Sinks on Ebbing Fed Rate-Cut Bets and Cooling ETF Demand
(Bloomberg) — Bitcoin sank amid cooling demand for dedicated US exchange-traded funds and ebbing bets on looser Federal Reserve monetary policy. Most Read from Bloomberg The digital asset fell as much as 5.3% before paring some of the drop to change hands at $66,735 as of 1:10 p.m. Tuesday in Singapore. Tokens earlier favored by […]