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Markets

Stock Market Today: Dow Drops, Bitcoin Plunges

Textsize If the losses hold, the Dow would fall for the sixth day in a row. Ed Jones/AFP via Getty Images The stock market was falling again Thursday, as investors were fretting about the impact of inflation and the Federal Reserve’s monetary policy on the economy. In afternoon trading, the Dow Jones Industrial Average retreated […]

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Economy

Lorie K. Logan Named President and CEO Of Dallas Fed

News Releases Logan Currently Leads the Fed’s Implementation of Monetary Policy at the New York Fed May 11, 2022 DALLAS—The Federal Reserve Bank of Dallas today announced the appointment of Lorie K. Logan as president and chief executive officer. In this role, Logan will represent the Eleventh Federal Reserve District on the Federal Open Market […]

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Business

Bitcoin Plunges To Lowest Level Since January 2021

Bitcoin extended losses to reach levels last seen in January 2021 on Wednesday amid a broader market sell-off. The peer-to-peer digital currency struggled to hold the $30,000 level throughout the day as US inflation levels were reported above market expectations and a macroeconomic risk-off movement keeps gaining traction globally. Bitcoin drops to levels last seen […]