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China’s Consumer Prices Jump, Adding to Inflation Concerns
Musk Sells $6.9 Billion of Tesla Shares, First Since April
Robot Arms Are Replacing Shelf Stockers in Japan’s Stores
Micron Is Slowing Hiring But Plans to Steer Clear of Job Cuts
Alibaba Helps Korean Grocery Pioneer Take K-Food to Singapore
Why Trump’s Mar-a-Lago Document Dump May Be a Crime
US Tax Bill Costs Corporations Nearly $300 Billion More, While Middle Class Pays Less
Anna Money Founders Cut Ties to Sanctioned Russian Billionaires
Builders Are Stuck With Too Many Houses as US Buyers Pull Back
PGA Can Ban Three LIV Players From FedEx Cup, Judge Rules
Endeavor Sells 10 Minor League Baseball Teams to Silver Lake
A US-China War Over Taiwan Isn’t Happening Anytime Soon
We Shouldn’t Be Afraid to Prosecute Trump
Over New York, London and Hong Kong? Time to Move On
How Employers Benefit From Offering Unlimited Paid Time Off
The Rise of the LinkedIn B2B Influencer
Facebook Is Still Making Billions as Zuckerberg Hits the Panic Button
Facebook User’s Messages Bring Abortion Charges in Nebraska
Los Angeles Passes Ban on Homeless Camps Near Schools, Daycares
Chipotle to Pay $20 Million to NYC Workers for Unpaid Sick Leave, Scheduling Violations
China’s Cities Face Tough Choice: More Green Energy or Food
Tax Bill May Crush US ‘Mom and Pop’ Oil Drillers, Pioneer CEO Says
Gainesville, Florida, Moves to End Single-Family Zoning
This Entrepreneur Is Betting the Future of Retail Runs on the Blockchain and Discord
The Baton Rouge Secession Attempt That Could Defund the Police
Coinbase Disappoints With User Forecast, Revenue Miss
CoinFlex Crypto Exchange Files for Restructuring in Seychelles
This Entrepreneur Is Betting the Future of Retail Runs on the Blockchain and Discord
A cryptocurrency exchange kiosk in Istanbul.
Vildana Hajric
After a gut-wrenching bout of turbulence and existential angst, digital-asset investors are back to focusing on the mood of the US stock market as a gauge of whether the worst might be over.
Stocks are mostly up over the last few weeks and so is Bitcoin, which has added roughly 25% since the start of July. The 90-day correlation coefficient of Bitcoin and the S&P 500, after weakening slightly in June, now stands around 0.65 once again, among the highest such readings in Bloomberg data going back to 2010. A coefficient of 1 means the assets are moving in lockstep, while minus-1 would show they’re moving in opposite directions.
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