Lates News

The Federal Reserve raised interest rates for the first time in three years, and Warsh reiterated that inflation is too high and has persisted for too long. The three major U.S. stock indexes closed lower across the board, with the Dow down 1.21%, hitting its lowest close since mid-June; the S&P 500 fell 0.44%, and the Nasdaq dropped 0.01%. Cryptocurrency-related stocks fell broadly, with Circle down more than 6%, Robinhood down more than 5%, Coinbase down more than 4%, Bitmine down more than 3%, and Strategy down more than 2%. SpaceX rose more than 5%, as Musk once again signaled that Tesla and SpaceX could merge.