Apple CEO Tim Cook speaks during Apple’s annual Worldwide Developers Conference in San Jose, California, June 6, 2022. Peter DaSilva | Reuters It’s almost midway through the year, and there’s no end in sight to the stock market’s volatility. Investors, already suffering from sharp falls in stocks, got another surprise last week as the Federal … Read more
In the absence of major domestic signals, some of the major global events will be focused on Dalal Street this week, at a time when concerns about sharp interest rate increases in the era of the Corona virus and their impact on economic growth continue to shake financial markets. All eyes will be on Fed … Read more
View of the exterior of the Marriner S. Eccles Federal Reserve Building in Washington, D.C., June 14, 2022. Sarah Selbiger | Reuters After years of being a beacon to financial markets, the Federal Reserve suddenly finds itself at a loss as it tries to navigate the economy through a vicious bout of inflation and steer … Read more
Russia’s Gazprom cut off gas shipments to France and Italy, just days after its leaders were in Kyiv to officially support Ukraine. Bid to join the European Union. This raises the concern that a slowdown in deliveries could hamper EU efforts to boost supplies before next winter and protect the bloc from Russian energy blackmail. … Read more
If you’ve wanted to buy contraband online in the past five years or so, you’ve probably noticed that the option to pay with bitcoin – once the most popular method of payment in darknet markets – is slowly disappearing. You may ask why you are interested in or for the regular Bitcoin enthusiast. (You’re supposed … Read more
Fixed asset investment data for the first five months of 2022 showed a decline in real estate investment on a larger scale than during the first four months of the year. Pictured here on May 16th, a development in Huai’an City, east China’s Jiangsu Province. CFOTO | Future Publishing | Getty Images Rating agency Moody’s … Read more
LONDON – IN Bank of England On Thursday it carried out a fifth consecutive rate hike as it looks to rein in high inflation. The Monetary Policy Committee voted 6-3 to increase the bank rate by 25 basis points to 1.25%, with the three opposition members voting to increase the bank rate by 50 basis … Read more
font size Federal Reserve Chairman Jerome Powell hopes to hold onto a “soft” landing, slowing inflation without hurting the economy. Sarah Selbiger / Getty Images The Federal Reserve has just raised its key interest rate by the most since 1994. That may not be enough to keep inflation from its worst since the 1970s. Indeed, … Read more
SINGAPORE – Asia-Pacific markets rebounded on Thursday to track US stocks after the Federal Reserve raised benchmark interest rates by 75 basis points in a move equalizing Biggest rise since 1994. The positive moves came on the heels of markets faltering earlier this week after initial news of a strong move by the Federal Reserve … Read more
Kudzai Kutukwa is A passionate advocate for financial inclusion and has been recognized by the fast company magazine as one of the Top 20 Young Entrepreneurs in South Africa under the age of 30. In July 1944, in Bretton Woods, New Hampshire, more than 730 delegates from 44 countries gathered at the Mount Washington Hotel … Read more
