Sygnum, a Switzerland-based asset manager and crypto bank, is set to make its first debut on the metaverse. The banking firm plans to launch a virtual hub on Decentraland before the end of September. Swiss Bank Embraces The Metaverse On September 1st, the Swiss bank, Signum, announced that it wants to open a digital branch […]
On Monday, there was a drop in European shares, with tech stocks leading declines, but hawkish comments from central bankers pushed up bond yields. This is because the comments fueled worries about the aggressive measures that the banks may take for curbing inflation, even though there is a risk of a recession. Rate hike possibilities […]
On Friday, there was a drop in UK stock indexes, which saw them record their biggest decline in a week since mid-June amidst mounting concerns about a cost of living crisis in the country. Furthermore, the speech of the chairman of the US central bank, Jerome Powell highlighted that there would be further interest rate […]
On Thursday’s trading session, the share prices for Tesla experienced a downtrend. The decline has been recorded just as Tesla made a debut on the NASDAQ stock exchange with a 3-for-1 stock split. Tesla Shares Experienced a Dip The share prices for Tesla moved downwards as the company launched its 3-for-1 stock split through the […]
On Thursday, European shares closed the day higher, as there was a rise in tech and oil stocks. But, gains were capped due to rising concerns about a potential economic recession brought on by an energy crisis. Stocks The continent-wide STOXX 600 index recorded gains of 0.3%. There was a 1.2% rise in energy shares […]
On Thursday, Asia-Pacific markets were trading mostly higher ahead of the economic symposium in Jackson Hole in the United States. A typhoon warning had seen trading in Hong Kong halted, but it resumed in afternoon trading. Markets trading higher There was a 3.63% gain recorded in the Hang Seng index in Hong Kong, as it […]
It had been a while since the trading value of the greenback had been moving higher against the EUR. The trading value of the USD had hit a two-decade high for the first time against the euro. USD Price Edged Unfortunately, the bullish trend for the USD ended as its value started falling lower against […]
On Wednesday, European shares ended the day on gains, thanks to a rise in defensive stocks, even though the gains were kept in check by a gloomy growth outlook and a looming gas crisis. Index rises There was a 0.2% rise in the continent-wide STOXX 600 index, as it finally ended a losing streak of […]
On Tuesday, Asia-Pacific markets were trading lower, after the major indexes on Wall Street ended their worst day since June because of increasing rate hike worries. Asian markets lower The Hang Seng index in Hong Kong recorded a drop of 0.78% in the last hour of trading. There was a 0.404% drop in the Shenzhen […]
On Monday, the shares in the Asia-Pacific markets were trading mostly lower, as there was a re-emergence of concerns about the aggressive hikes from the US Fed. But, there was a rise in Chinese markets, after the country’s central bank reduced its benchmark lending rates. Asian markets The Hang Seng index in Hong Kong saw […]
After the trading bell on Thursday, there was a 35% drop in the shares of meme stock Bed Bath & Beyond, as billionaire investor Ryan Cohen decided to exit the struggling retailer of home goods. This month had seen meme stocks record a stunning rally, but the investor decided to sell his stake in Bed […]
Rivian officials have just made a public announcement, which is more like a public bomb about the discontinuation of its cheapest electric vehicle truck. The company has announced that it has discontinued the production of the R1S SUV and R1T pickup truck’s Explore Package. This is a clear confirmation that it will not be manufacturing […]
It has been a while since the trading value of gold has not been performing well against the dollar. The dollar’s price seems to be gaining strength versus the yellow metal and the trend appears to be bearish. Gold’s Prolonged Bearish Trend Since the beginning of the running week, the value of gold has been […]
On Tuesday, a new report disclosed that Alex Mashinsky, the Israeli-American chief executive and founder of Celsius Network, was the one behind the trading strategy of the lending platform. According to several people familiar with the matter, the CEO had sold bitcoin worth millions of dollars in anticipation of buying it for a cheaper price. […]
A cryptocurrency investment platform called Bluebenx suspended its withdrawal services in the previous week. The Brazilian company was forced to do so after an alleged hack that saw it suffer losses of about $31 million. The announcement dictated that withdrawals would be suspended for at least six months. Back in January, the Brazilian Securities and […]
Referred to as Union Bank, the Union Bank of Philippines, announced recently that it is introducing yet another crypto service for its customers. According to the financial institution, a select few users of its mobile app would be given the facility of exchanging bitcoin and other digital currencies, without requiring a separate wallet for this […]
On Monday, UK’s FTSE 100’s index climbed, as drugmaker AstraZeneca recorded gains, as did consumer stocks. This relieved the pressure on the index from oil and mining heavyweights, after data showed that there was an unexpected slowdown in the Chinese economy last month. UK data There was a 0.2% gain in the blue-chip FTSE 100 […]
On the Thursday forex trading session, the prices of the Asian currencies seem to have taken a fall. The data shows that the fall is due to the announcement made by the US Feds surrounding the interest rates. The US Feds Want to Hike Interest Rates The US Federal Reserve announced on Thursday that they […]
The recent data surrounding the GBP/USD pair shows that it has been trying hard to resist the downtrend. The data suggests that the pair has been facing a negative trend for the past few days. The downtrend continued for two days, but the buyers tried resisting it, and even the recent inaction was not able […]
For the past couple of days, the trading value of the EUR/USD pair has been moving in the bearish zone. It seems that the two-day bearish momentum may get extended. The Tuesday trading session has also witnessed a downward movement for the EUR/USD pair. The price of the pair has continued moving in downward momentum. […]
