Fear Engulfs Bitcoin Traders Betting on Free Fall to $80,000

Bitcoin is in free fall — and traders are positioning for more pain. The world’s largest cryptocurrency plunged below $90,000 on Tuesday morning during Asia trading, deepening a selloff that’s erased all of its gains for the year. In the options market, traders are...

Notices of Impending Layoffs by US Companies Surged in October

Notices of impending mass layoffs by US companies surged in October to among the highest levels on record, according to a tally by Federal Reserve Bank of Cleveland researchers. Some 39,006 Americans were given advance notice as required under the Worker Adjustment...

Ethiopia Confirms First Outbreak of Marburg Virus After Testing

Ethiopia confirmed its first outbreak of Marburg virus disease after sending samples from a cluster of suspected cases of viral hemorrhagic fever for testing earlier this week. The virus is the same strain reported in previous outbreaks in other East African nations,...

China Heads for Longest Consumption Slowdown in Four Years

China is heading for its longest slowdown in consumption growth since its post-Covid rebound lost steam more than four years ago, underscoring how the government’s rhetoric about supporting domestic demand has struggled to match reality. Government data due on Friday...