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CPI Inflation Rate Is Finally Falling—Much More Than Expected;  Dow Jones Futures Jump

CPI Inflation Rate Is Finally Falling—Much More Than Expected; Dow Jones Futures Jump

The CPI inflation rate finally pulled back from a 40-year peak in July, as the consumer price index came in cooler than expected. Even core inflation, which strips out food and energy prices, eased more than expected. Following the CPI report, which lowered odds of a big Federal Reserve rate hike, Dow Jones industrial average …

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Bitcoin braces for US inflation data as CPI nerves halt BTC price gains

Bitcoin braces for US inflation data as CPI nerves halt BTC price gains

Bitcoin (BTC) hit multi-day lows into Aug. 10 as crypto traders braced for impact with fresh United States inflation data. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader: Market “could get ugly” if CPI keeps rising Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to $22,668 on Bitstamp at the most recent daily …

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Iran Places First Official Import Order With Crypto Worth $10 Million

Iran Places First Official Import Order With Cryptocurrency Worth $10 Million – Regulation Bitcoin News

Iran has placed its first official import order using cryptocurrency worth $10 million, according to a government official. “By the end of September, the use of cryptocurrencies and smart contracts will be widespread in foreign trade with target countries,” the official added. Iran Uses Crypto to Place Import Order Iran placed its first official import …

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Aluminum foundry fights for survival in European gas crisis

Aluminum foundry fights for survival in European gas crisis

Family-owned aluminum foundry trials new shift pattern Plan to maintain production and reduce gas usage Carmakers warn output cuts inevitable if suppliers close New gas-free technologies will take years to scale up Suppliers need more help to innovate, industry says SOLTAU, Germany, Aug 9 (Reuters) – Shouting over the clanging of machinery, Gerd Roeders is …

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Elon Musk cited this tool in his bot dispute with Twitter.  Its creator has thoughts

Elon Musk cited this tool in his bot dispute with Twitter. Its creator has thoughts

Musk, who originally said part of his plan for owning Twitter was to “defeat the spam bots,” has more recently accused Twitter of lying about the number of bots on its platform, and has argued he should be able to walk away from the deal if Twitter won’t provide the information necessarily to back up …

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Auto makers warn most electric vehicles won't qualify for federal tax credit

Auto makers warn most electric vehicles won’t qualify for federal tax credit

But the auto industry is warning that the vast majority of EV purchases won’t qualify for a tax credit that large. That’s mainly because of the bill’s requirement that, to qualify for the credit, an electric vehicle must contain a battery built in North America with minerals mined or recycled on the continent. And those …

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Domino's closes Italy locations as diners prefer local pizza

Domino’s closes Italy locations as diners prefer local pizza

Comment on this story How Who would have guessed that denizens of Italy, where pizza is an internationally recognized national treasure, wouldn’t have gone crazy for mass-produced, over-the-top American riffs on the country’s national dish offered by a multinational chain? Someone probably should have. Domino’s will no longer be offering its specialty cheeseburger, Hawaiian and …

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GM Makes $1,500 OnStar Subscription Mandatory on GMC, Buick, Cadillac Models

GM Makes $1,500 OnStar Subscription Mandatory on GMC, Buick, Cadillac Models

If you don’t want to pay for in-car subscriptions every month, no problem: Just pay it all upfront. That’s the line from General Motors today after news spread that it’s making a three-year, $1,500 OnStar connected services subscription a mandatory “option” for new Buick, GMC, and Cadillac Escalade models. The subscription, which enables things like …

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