European equities joined a global selloff following a surprise American inflation print that heaped pressure on the Federal Reserve.

Did you know that both Madonna and Justin Bieber own expensive digital images of apes? It’s true: Bored Apes and other nonfungible tokens are a must-have celebrity accessory these days. But should you put your trust in movie stars, pop singers and athletes when it comes to crypto? What are some of the legal questions at play with these celebrity endorsements?

Bloomberg reporter Misy Egkolfopoulou stops in for a look at what's behind the buzz with celebrities’ interest in crypto investments.

European equities joined a global selloff following a surprise American inflation print that heaped pressure on the Federal Reserve to intensify monetary tightening. Treasury yields traded at a multi-year high.

The Stoxx 600 dropped 1.3% to its lowest since early March, S&P 500 futures sank as much as 2.1%, and Nasdaq 100 futures were down by as much as 2.5%. The S&P 500 is flirting with a bear market after Friday’s shock consumer prices report ignited a more than $1 trillion selloff.