Federal Reserve officials were resolute about the need to continue to hike their benchmark policy interest rate despite seeing downside risks to economic growth, according to minutes of the June Read more
Tag: Money/Currency Markets
Fed officials in June resolute in tightening into ‘restrictive’ territory despite risk of slower growth
Federal Reserve officials were resolute about the need to continue to hike their benchmark policy interest rate despite seeing downside risks to economic growth, according to minutes of the June Read more
U.S. bond prices dip, leaving yield curve inverted ahead of Fed minutes
U.S. bond prices nudged lower on Wednesday, leaving the Treasury yield curve inverted, as traders waited for the latest update on Federal Reserve thinking. What’s happening The yield on the Read more
Is this the worst bear market ever?
Over the holiday weekend, investors were bombarded with headlines announcing “the stock market’s worst first-six-months in 50 years” and “Tech stocks lose $1.6 trillion in worst streak in six months.” Read more
Bitcoin miners struggle with crypto’s price decline, rising energy costs, and increase in mining difficulty
Many bitcoin miners, who expanded operations in 2021 to capture more profits, are now struggling as the crypto’s price crashed. The bitcoin mining industry’s daily revenue plummeted to $18 million Read more
Gold weakens as dollar climbs to 22-year high vs. euro
Gold prices weakened again on Thursday, breaking below $1,800 per ounce, as the U.S. dollar climbed to a new 22-year high against the euro. Price action Gold prices for August Read more
Euro to slide to parity against the U.S. dollar unless natural-gas situation improves, Citi strategists warn
The euro is set to keep sliding until it reaches parity against the U.S. dollar, according to strategists at Citi, unless the surge in natural gas prices brought about by Read more
Crypto hedge fund Three Arrows files for U.S. bankruptcy
Crypto hedge fund Three Arrows Capital has filed for bankruptcy under Chapter 15 of the U.S. Bankruptcy Code, according to a court filing in the Southern District of New York Read more
Crypto crash: How prices for bitcoin and ethereum changed in June 2022
Cryptocurrencies like bitcoin BTCUSD, +3.45% and ether ETHUSD, +3.91% have exploded in popularity in recent years, and are now traded by both individual investors and large companies like Tesla TSLA, -0.36% Read more
Michael Burry of ‘The Big Short’ fame thinks the market selloff may be ‘halfway there’
Blink and you’ll miss market-missive tweets doled out sparingly from Michael Burry, the investor who rose to fame after correctly predicting the collapse of the U.S. market. In his latest Read more