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Finance & Markets

Bitcoin Holds, Wall Street Stalls as Oil Shock Revives Fed Hike Bets

Bitcoin is defending its golden zone support while the S&P 500 grinds inside its tightest range yet, both waiting on Friday's inflation report before the Fed's September 16 rate call.

Bitcoin Holds, Wall Street Stalls as Oil Shock Revives Fed Hike Bets

We haven't written up this one. Decrypt has the full story — the link below goes straight to it.

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China Adds 650,000 Ounces of Gold in Biggest Monthly Buy Since 2023

China's central bank bought more gold in August than in any single month since 2023, and the metal still can't hold above $4,400 an ounce.

  • China's central bank bought 650,000 ounces of gold in August 2023.
  • This is the largest monthly purchase since 2023.
  • PBOC's gold reserves increased to 76.73 million troy ounces.

D.C. Gas Ban Gets Favorable Hearing in Federal Appeals Court

A federal appeals panel appeared inclined Tuesday to let Washington, D.C.’s restrictions on natural gas in certain new buildings stand.

  • D.C. Circuit court supports ban on natural gas in new buildings.
  • D.C. Circuit panel unconvinced by industry's preemption argument, similar to California decision.

More from Tuesday 8 September →