NEWS13 NOV 2022
New York Fed Partners with MAS to Research The Benefits of Wholesale CBDCs
The New York Innovation Center, as part of the Federal Reserve Bank of New York and Singapore’s Central Bank (MAS), has jointly announced…
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Economy
Every entry published under this category, with original dates and authorship preserved.
119 ENTRIES · LANG EN · SECTION NEWS
NEWS12 NOV 2022
Consumer Confidence Plunges, Despite Waning Inflation – Study Reveals
According to the sentiment index released Friday, 11th November, consumers are significantly less optimistic about the current status of…
NEWS12 NOV 2022
EU Commission 2022 Eurozone GDP Predicts a Greater Decline in 2023
The European Commission forecast disclosed on Friday, 11th November, that the Eurozone Gross Domestic Product will rise more than…
NEWS11 NOV 2022
Rate Hikes See an End as U.S. October CPI Declines More Than Expected
The worst stage of the post-pandemic rate hikes appears to be over, following reports of a better-than-expected decline in the U.S. annual…
FX11 NOV 2022
Average Long-Term U.S. Mortgage Rate Top 7% This Week
The average rate on 30-year fixed mortgages returned to its previous 20-year highs when rates crossed the 7% threshold two weeks ago for…
NEWS11 NOV 2022
Rate Hikes See an End as U.S. October CPI Declines More Than Expected
The worst stage of the post-pandemic rate hikes appears to be over, following reports of a better-than-expected decline in the U.S. annual…
NEWS10 NOV 2022
The Earnings Season Is in Full Flow as European Markets Decline
The German DAX index was trading 0.1% down at 03:55 Eastern Time (08:55 GMT). On the other hand, the French CAC 40 index likewise had a…
NEWS09 NOV 2022
Asian Shares Mixed as the Market Anticipated Midterm Election Results
Following the ongoing conclusion of the U.S. midterm elections, Asian shares mixed on Wednesday, 9th November 2022. Investors anticipate…
NEWS09 NOV 2022
EU Commission Suggests Negotiated Debt-Reduction Routes for EU Nations
The European Commission presented a proposal on Wednesday, despite the skepticism of certain countries, notably Germany. Modifying the EU’s…
NEWS08 NOV 2022
Nigeria’s Presidential Candidate to Use Crypto to Create 30 Million Jobs
Adewole Adebayo is a notable contender for the presidency of Nigeria. Blockchain technology implementation and cryptocurrency trading are…
NEWS08 NOV 2022
Fed’s Balance Sheet Underwater Due To Treasury Volatility
Fed’s undermined books were incited by increased volatility and low liquidity in the US treasury debt market. This begs the question,…
SECURITY07 NOV 2022
Message To Tesla Investors and Fans from Elon Musk
Serial entrepreneur Elon Musk manages several companies while also administering them all. He is affiliated with two businesses: Neuralink…
NEWS05 NOV 2022
PM Matteo Meloni Borrows More to Solve Italy’s Energy Problem
The Treasury has published the year’s Economic and Financial Document (DEF). Giorgia Meloni’s cabinet authorized the paper, which included…
NEWS03 NOV 2022
Stocks Drop as Powell Warns of Further Fed Rate Hikes
The stock market fell significantly on Wednesday. This came as Federal Reserve Chair Jerome Powell warned that inflation was still too…
FX03 NOV 2022
The Pace of Rate Hikes by Central Banks Typically Slows in October
Four of the ten most frequently traded currencies’ central banks upped their benchmark interest rates. Over the last month, the currencies…
NEWS29 OCT 2022
Major Oil Company, Shell, Announces Dividend Increase
On Thursday, Shell revealed greater quarterly earnings. Additionally, its decreased refining and trading income broke its record profits…
NEWS28 OCT 2022
Looming Global Recession as U.S. Trade Sanctions Provoke Invasion of Taiwan
The survey was in response to the Commerce Department and Biden administration’s trade restrictions targeting China’s semiconductor…
NEWS28 OCT 2022
By 2023, Japan Plans to Allow Digital Salary Payments
Companies and firms in Japan will soon be able to pay employees using money transfer fund vendors. Cryptocurrencies, meanwhile, are not…