WASHINGTON (AP) — Chair Jerome Powell on Tuesday underscored the Federal Reserve's determination to keep raising interest rates until there is clear evidence inflation is steadily falling — a high-stakes effort that carries the risk of causing an eventual recession.

The Fed's increases in its benchmark short-term rate typically lead, in turn, to higher borrowing costs for consumers and businesses, including for mortgages, auto loans and credit cards.

“What we need to see is inflation comi...

• North Korea's huge crypto hack marks a new era in cybersecurity threats.  
• "If there was ever a doubt that hacks were not tied to national security, that's been resolved," a blockchain expert told Insider. 
• Ari Redbord of TRM broke down how the hack signifies the emergence of a new kind of cyber warfare.
• Enjoy reading about Markets? Get our daily newsletter delivere...

SHIB, an Ethereum (CRYPTO: ETH)-based project, was created anonymously by a person or persons who call themselves Ryoshi. The coin came to the fore in August 2020 and was listed by a number of major cryptocurrency exchanges in the following year.

On May 10, 2021, SHIB was listed by Binance. On the same day, FTX f...

NIO stock has not been trading all that well over the last few months despite strength in other electric vehicle (EV) stocks.

While Tesla is not exactly hitting new 52-week highs, the stock has been holding up pretty well now that it's back above $1,000.

That's true even as CEO Elon Musk has continued to dump billions of dollars worth of the stock.

Ford , General Motors and others have been holding up pretty well too. However, NIO stock is not in the same category.

That's even as the company repo...