Embattled crypto lender Celsius Networks is preparing to file for Chapter 11 bankruptcy protection, according to a new report. CNBC reported late Wednesday that the New Jersey-based company was in Read more
Tag: Money/Currency Markets
Economic Report: Fed Beige Book finds rising inflation fears
The Federal Reserve said Wednesday that five of 12 district noted concerns over an increased risk of recession.
Euro takes fresh run toward parity after U.S. inflation hits 41 year high
Stronger-than-expected U.S. inflation provided the nudge to push the euro back toward parity against the dollar on Wednesday. The euro EURUSD was last changing hands at $1.0019, hitting a session Read more
Fed will have ‘zero patience’ for high inflation readings, economist
U.S. inflation is still likely to come down “in coming months” but the Federal Reserve has “zero patience” and will continue to hike its benchmark interest rate by 0.75 percentage Read more
Fed’s Barkin wants to avoid repeat of stop-and-go monetary policy of 1970s
The best policy for the Federal Reserve going forward is not to react when there is a weak month of economic growth but to get inflation under control, said Richmond Read more
Why did crypto crash? Mark Cuban compares crypto ‘lull’ to the early internet
Mark Cuban, billionaire entrepreneur and owner of the NBA’s Dallas Mavericks, thinks that cryptocurrency is on the same downward trend that tech and internet companies hit in the early 2000s. Read more
Nomura forecasts a European Central Bank rate cut — before the ECB has even begun its rate-hike cycle
What goes up, must come down. In a new post on the global economic outlook, economists at Japanese bank Nomura forecast the European Central Bank will make an interest rate Read more
Euro pauses at parity. But what comes next?
In markets, big round numbers attract. But they often also provide support and offer resistance. So after powering towards 1.00 early on Tuesday, the euro/dollar rate came to a juddering halt, Read more
Euro slips closer to parity as Goldman warns the ECB could respond more ‘forcefully’ to a weak currency’
As the euro moved ever closer toward parity on Tuesday, one big Wall Street bank warned that investors may be underestimating the firepower of the bloc’s central bank. Pressure resumed Read more
The euro suffers another big selloff, pushing it closer to parity against a strong dollar
The euro moved another step closer to parity on Monday, with traders betting that high inflation leaves the region’s central bank unable to stop a recession as war rages in Read more