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The US stocks market plummeted this week, recording the work drop since the market hit bottom in June. This is mainly due to mounting anxiety over excessive Fed interest-rate rises and FedEx Corp.’s alert. Major Selloff In US Stock Market The S&P 500 declined for three consecutive days this week, falling to about 5%. However, … Read more
According to a Friday statement, the European Central Bank (ECB) has selected five firms to assist in developing user interfaces for a future digital Euro. The ECB intends to conduct experiments to see how effectively the technology underpinning the digital Euro can combine with the user interface design built by enterprises. Amazon Among Companies Chosen … Read more
The World Bank has given a warning to central banks recently. The financial body stated that the present trend of interest rate increases might not be adequate to prevent a worldwide recession next year. World Bank Warns Of Impending Recession Recently, the organization conducted an analysis. The result revealed that if supply shortages and labor … Read more
One of the world’s leading consulting firms, Goldman Sachs, through its Chief Economist, has asked people to get ready for a long time of experiencing slow economic growth. Jan Hatzius, the firm’s Chief Economist, shared the view in a discussion with Yahoo Finance during the Communacopia and Tech Conference organized by Goldman Sachs. He said … Read more
Stocks in the US oscillated back and forth on Thursday while news from various sectors caught investors’ attention with moves from economic indexes. The S&P 500 index rose by 0.2% and the Dow gained by about 90 points which amount to 0.3%. The Nasdaq index, on the other hand, increased by 0.1%. Indexes Gained a … Read more
The CPI (Consumer Price Index) statistics in the United States recently surpassed economists’ forecasts. As a result, there is widespread panic as inflation rose with an economic downturn around the corner. US Fed Having A Hard Time Battling Inflation On September 13th, the US released the CPI data. Following the announcement, the markets and their … Read more
Stocks in the US opened trading on a high note on Wednesday while investors tried to come to terms with their losses following the worst day for stocks since the middle of 2020. Not long after the bells went off for trade to begin, the Dow went up by 0.1%, the S&P 500 saw a … Read more
Crypto firm Huobi Global and its South Korean subsidiary, Huobi Korea, have penned an MoU (Memorandum of Understanding) with the government’s assistance. Huobi will help the city to develop its blockchain ecosystem. Huobi To Help Develop Busan’s Blockchain Infrastructure On Wednesday, Huobi Global announced that it had entered a partnership with Busan in South Korea. … Read more
EUR-GBP remains well bid as markets await today’s ECB rate decision. An inverse head & shoulders suggest 0.92 in the coming times. The Europe Central Bank might surprise investors with a hawkish commentary. Europe and the Euro’s bearish sentiment dominated this year’s subject in the Forex market. That came due to the Ukraine war … Read more
Stocks in the US experienced huge selling pressure on Tuesday following the publication of the awaited inflation figures for August. The report revealed that prices were stronger than expected last month. Stocks Began to Fall Almost immediately after the inflation report was released, Nasdaq shares dropped by about 1.8% while S&P 500 lost 1.2%, and … Read more
In recent reports, there has been an addition to the list of users of the central blockchain systems and application developer, Hyperledger. These new members include the CBN (Central Bank of Nigeria), Casperlabs, DSR corporation, and five others. As the result of the recent impressive progress made on the study of CBDC (Central Bank Digital … Read more
According to reports, Charles Hoskinson said the suggestions might cause the complete prohibition of Bitcoin while being critical about the proposals of the recent White House Office of Science and Technology statements. This proposal involves carrying along the United States DoE (Department of Energy) and the United States EPA (Environmental Protection Agency) to develop proof-driven … Read more