Market Analysis
Joe Biden Says US Recession is Not Inevitable: S&P500 Gains 1.5% on Open
US President Joe Biden believes an economic recession is not inevitable as the job market and consumer spending remain robust.
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Crypto
China Will Airdrop $13.5M of eCNY to Stimulate Economic Demand After Lockdown
China will give out over $13.51 million to residents of various areas in an attempt to boost local consumption.
Market Analysis
US Interest Rate Could be Hiked to 9.25% if Soft Landing Not Possible: SocGen
The Fed's tight-roping acrobatics will have to impress to avoid US stagflation.
Market Analysis
Gold Refuses to Break $1,900 Psychological Barrier – Why?
When stocks and bonds are volatile and geopolitical tensions remain high, gold would usually outperform. So, what's holding gold back right now?
Market Analysis
US Annual Inflation Lowers to 8.3% But Falls Short of Expectations
For the first time since August 2021, the US annualized inflation rate decreased.
Market Analysis
GBP Plunges as Bank of England Hikes Interest Rates By 25 Basis Points
The Bank of England raises interest rates to a 13-year high, with inflation expected to hit 10%, meanwhile, the Pound Sterling is weakening against other currencies.
Crypto
El Salvador Has No Takers for its Volcano Bonds: Some Fear Country Near Default
El Salvador's volcano bonds haven't received any investment, which deepens concerns about how the country would pay a $800 million debt repayment due early 2023.
Best Stocks
Fat-Finger Error by Citi Trader Led to Europe’s $315B Flash Crash on Monday
Citigroup admits an input error by a trader caused a flash crash in the European markets on Monday.
Best Stocks
Fed Likely to Raise Interest Rate by 0.5%: IMF Deputy Warns Inflation Could Get Worse
IMF Deputy warns that inflation could rise even faster than what central banks anticipate.
Forex
Japanese Yen Falling 14% to 20-Year Low Signals a New Era For Forex Trading
The global market may be set for a shift as the Yen maintains a steady decline amidst a bolstering USD.
Market Analysis
The Multi-Faceted Supremacy of China as a Rising Global Super Power
From international trade, to economic growth, to cybersecurity, to CBDCs and beyond—other global super powers are taking notice.
Market Analysis
After Sanctions Block Crypto Transfers, Russia May Use Illicit Gold Markets
Gold may offer Russia and other targeted entities a more suitable option for bypassing sanctions as generating and accessing foreign exchanges becomes increasingly tricky.
Best Stocks
Melvin Capital to Limit Fund to $5B, Will Continue Short Selling
Melvin Capital plans to make a seamless recovery with a smaller capital at disposal for future short-selling.