Also in Weekend Reads: Adjustable-rate mortgage loans, Gen Z entrepreneurs and advice from the Moneyist.
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Bitcoin is back below $81,000 as Fed rate uncertainty weighs
Bets on an October Fed rate hike briefly spiked to nearly 50% after Wednesday’s inflation report, but have since cooled.
Business
Bitcoin miners plunge up to 13% in Wall Street’s worst selloff since July
TeraWulf, Core Scientific, Cipher Mining and IREN each lost more than 12% as hotter inflation hit AI infrastructure companies.
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Warburg Pincus CEO Says Investors See Public Markets as One Big Bet
Warburg Pincus CEO Jeffrey Perlman says investors see public markets as one concentrated bet and want private assets instead.