Bitcoin loses $10,000, or 17%, in 24 hours after overnight rout
From a 24-hour period spanning Friday morning to Saturday morning, bitcoin’s price went from about $57,000 to $47,000, losing $10,000, or more than 17%.
Financial News
WHO says Covid omicron variant detected in 38 countries, early data suggests it’s more contagious than delta
The WHO’s Maria Van Kerkhove said there are early indications omicron is more infectious, but additional data is needed.
Fidelity International CEO ‘strongly’ believes central banks should wait to tighten policy
Holding off on tightening policy is a “lesser evil than acting prematurely,” says Anne Richards, from Fidelity International.
South Africa considers vaccine mandates as omicron cases spiral
After first identifying the omicron Covid-19 variant, South Africa is bracing for a fourth wave of infections.
Powell says Fed will discuss speeding up bond-buying taper at December meeting
Federal Reserve Chairman Jerome Powell indicated Tuesday that the central bank could step up the removal of its efforts to boost the economy.
Global markets rattled by omicron vaccine worries
U.S. futures are sliding, following Asian and European markets lower, on concerns that the new omicron Covid-19 variant could potentially evade vaccines.
Omicron Covid variant poses ‘very high’ global risk and is likely to spread, WHO warns
Key Points The omicron Covid variant is likely to spread further and poses a “very high” global risk, according to the World Health Organization. It warned Monday that surges of …
Dow tumbles 900 points for worst day of year on fears of new Covid variant, S&P 500 drops 2%
U.S. stocks dropped on Friday amid renewed Covid fears over a new variant found in South Africa.
Vaccine makers move quickly against new omicron Covid variant, testing already under way
Pfizer and BioNTech said they expect more data from lab tests in two weeks at the latest.
A heavily-mutated Covid variant emerges in southern Africa: Here’s what we know so far
The World Health Organization will meet on Friday to discuss a new heavily-mutated variant of Covid-19.