Good evening.
Markets tumble, Janet Yellen says a U.S. recession is unlikely, and Ken Griffin's Citadel is entering the crypto market.
Let's dive in.
Markets
Here are today's market moves:
What Happened?
U.S. stocks fell on Thursday as investors awaited key inflation data that will be released tomorrow.
The tech-heavy Nasdaq Composite fell nearly 3%:
Investors are anxious about the U.S. consumer price index for May. Tomorrow's reading will help determine the path of Fed policy.
The crypto market fell on Thursday, with Bitcoin trading near $30,000, a key level that it has been hovering around for the past month.
Catch Up
Treasury Secretary Janet Yellen said on Thursday that she believes a recession in the U.S. is unlikely.
Ken Griffin's Citadel Securities is reportedly creating a crypto trading marketplace.
The World Bank released a grim forecast for the global economy due to the war in Europe and the risk of stagflation.
What Else?
