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US Treasury Asks Biden to Work with G7 Allies to Regulate Crypto

US Treasury Asks Biden to Work with G7 Allies to Regulate Crypto

50
Cryptocurrency news
08.07.2022

The US Treasury has asked President Biden to work with international allies on regulating cryptocurrencies. In a memorandum to the president, the US Treasury called upon the Biden administration to develop global standards for digital payments and...

Oil Slides Under $100 a Barrel for First Time Since May

Oil Slides Under $100 a Barrel for First Time Since May

59
Commodities news
07.07.2022

For the first time in nearly two months, crude oil prices have dipped below $100 a barrel, reflecting increasing investor worries about a global recession that could throttle demand for energy. The price of West Texas Intermediate (WTI) crude slid...

Euro Falls to 20-Year Low as Recession Fears Grow

Euro Falls to 20-Year Low as Recession Fears Grow

47
FOREX news
06.07.2022

Investors this week flocked to the US dollar in search of a safe haven, strengthening the greenback to levels not seen since 2002. Meanwhile, the euro slumped to 20-year lows as the latest surge in European gas prices increased recession fears. ...

Ryanair Chief Says Travelers Face Years of Rising Ticket Prices

Ryanair Chief Says Travelers Face Years of Rising Ticket Prices

52
Commodities news
05.07.2022

Ryanair CEO Michael O'Leary has warned that the current low-cost carrier model is unsustainable as aviation costs continue to rise.  Citing sky-rocketing fuel prices and gradually increasing sustainability levies, the airline boss predict...

Slowing of Asian Manufacturing Adds to Global Recession Fears

Slowing of Asian Manufacturing Adds to Global Recession Fears

48
FOREX news
04.07.2022

Asia’s manufacturing slowed markedly in June as many firms suffered supply disruptions because of China’s tough COVID-19 lockdowns. This, in addition to worrying signs of economic downturns in Europe and the US, have analysts fearing a gl...

Bitcoin Faces Worst Quarterly Fall in a Decade

Bitcoin Faces Worst Quarterly Fall in a Decade

58
Cryptocurrency news
01.07.2022

Bitcoin is set for its worst quarter since the end of 2011, as more central banks tighten money supply and crypto firms fall like dominoes. A quarterly drop of 58% represents the largest fall in value since Bitcoin was in its infancy. In the years...

Iran Currency Falls to Lowest Ever Value Against US Dollar

Iran Currency Falls to Lowest Ever Value Against US Dollar

76
FOREX news
30.06.2022

The Iranian Rial plunged to its lowest value ever this monthת as talks to resuscitate the country’s broken nuclear deal with world powers remained at an impasse. Traders in Tehran exchanged the rial at 332,000 to the US dollar, up from the s...

Euro Gains Traction Ahead of Inflation Data

Euro Gains Traction Ahead of Inflation Data

58
FOREX news
29.06.2022

The euro gained ground on Tuesday as investors steadied themselves for European inflation figures to remain hot this week while they waited on a speech from European Central Bank (ECB) President Christine Lagarde. The euro climbed 0.3% in the week...

Conservative Investors Hope Bond Performance Improves

Conservative Investors Hope Bond Performance Improves

82
Stocks news
28.06.2022

The first half of the year has been difficult for investors, as stocks fell, cryptocurrencies tanked, and even the supposedly less risky bond market wobbled. That bond slump is especially bad news for conservative investors, like retirees living o...

High Inflation Drags Consumer Sentiment to Record Lows

High Inflation Drags Consumer Sentiment to Record Lows

67
FOREX news
27.06.2022

Consumer sentiment reached record lows in June as Americans continued to grapple with high prices for such everyday essentials as gas and food. The University of Michigan's Surveys of Consumers Consumer Sentiment Index reached its lowest level...

Bitcoin Plunges Below $20,000

Bitcoin Plunges Below $20,000

76
Cryptocurrency news
21.06.2022

Bitcoin plummeted below $20,000 for the first time since December 2020. Ether dropped to $1,000 and fell almost 11% to $975.24, its lowest level since January 2021. The two bellwethers of crypto are both roughly 70% lower than all-time highs set late...

Swiss Central Bank Hikes Interest Rate by Half a Point

Swiss Central Bank Hikes Interest Rate by Half a Point

65
FOREX news
19.06.2022

In an unexpected move, Switzerland's central bank announced a half a percentage-point increase to the country’s interest rate on Thursday, the first such move in almost 15 years.  The central bank said the intervention was designed...

Bitcoin Crashes More Than 30% in a Week

Bitcoin Crashes More Than 30% in a Week

52
Cryptocurrency news
18.06.2022

Bitcoin continued to plunge this week to trade at just above $20,000, as the oncoming crypto winter shows little sign of slowing.  The world's biggest cryptocurrency has fallen by nearly a third since last Friday. The coin has lost around...

Fed Hikes Interest Rates in Biggest Jump Since 1994

Fed Hikes Interest Rates in Biggest Jump Since 1994

78
Stocks news
16.06.2022

In a widely expected move, the US Federal Reserve raised interest rates by three-quarters of a percentage point in the largest single rate hike since 1994. With this aggressive attempt to tackle scorching inflation, policymakers hope to help an ec...

10-year Treasury Yield Surges to 11-year High

10-year Treasury Yield Surges to 11-year High

78
Stocks news
15.06.2022

The 10-year US treasury bond yield surged to its highest level in 11 years, as investors mulled the likelihood of the US Federal Reserve taking even more aggressive steps to tame inflation. The yield on the all-important 10-year treasury note clim...