All US-based users of Instagram and Facebook can now display nonfungible tokens by connecting their crypto wallets on the platforms, according to a blog post by META, -2.75% on September Read more
Tag: Money/Currency Markets
California launches crackdown on crypto scams as scrutiny intensifies
California’s Department of Financial Protection and Innovation, or DFPI, announced on Tuesday that it had issued desist and refrain orders against 11 entities for violations of California securities laws. Each Read more
Fed’s Mester cool to talk of potential ‘pause’ in rate hikes
Cleveland Federal Reserve President Loretta Mester on Thursday pushed back on the notion that the central bank might pause hiking interest rates out of a concern that something might “break” Read more
Amazon, Google stock-price targets fall as odds of a recession rise
Truist analyst Youssef Squali lowered his price targets and revenue estimates on some internet giants, saying they aren’t immune to the negative effects of a surging U.S. dollar and slowing Read more
Central banks drove this vital skill out of investor brains. Here’s how to relearn it.
Staying above the turmoil is easier said than done for investors these days. The calm that settled on global markets after the Bank of England’s unprecedented intervention to shore up Read more
Opinion: Bank of England’s surprise move was smart – but the U.K. government still faces big challenges
The Bank of England’s surprise decision to intervene in the bond market by buying long-dated government bonds is a prudent move, not a sign of panic. It won’t stop U.K. Read more
NFT trading volume slumps since beginning of 2022
Nonfungible token trading volume has declined approximately 97% since the start of 2022, according to data from Dune Analytics, a crypto analytics data company. The charts show a drop from Read more
Bank of England actions have no immediate implications for Fed policy, analyst says
The Bank of England’s dramatic about-face decision to temporarily buy bonds in an effort to calm its disorderly bond market has no immediate implications for the Federal Reserve, a former Read more
Here are two reasons the Bank of England had to step in and buy bonds
Why did the Bank of England say it would purchase government bonds, just a week after announcing a plan to sell them? The central bank said it acted on financial-stability Read more
Opinion: Russia’s invasion has been very profitable for the IMF, which is gouging Ukraine and other countries in crisis
It has now been six months since Russia, in an outrageous act of aggression, launched its brutal and unprovoked full-scale invasion of my country. In that period, while much of Read more