Cryptocurrencies
Sunset Market Commentary
Markets The UK central bank kept the policy rate unchanged at 3.75% in a 6-3 vote. While not a surprise, the Bank of England is in fact preparing markets for a first hike, perhaps as Read more…
Cryptocurrencies
171-year-old clothing retailer closing iconic store
Luxury apparel retailers are facing economic issues, such as high lease rates or rising debt obligations that have led certain establishments to close down stores, and in certain cases, file for bankruptcy protection. Problems related Read more…
Cryptocurrencies
Fed Raises Interest Rates, Signals Potential Start of Tightening Cycle
The US Federal Reserve raised interest rates by 25 basis points to 4%, in line with expectations, in the first policy meeting under command of new central bank’s Chairman Kevin Warsh. Wednesday’s action marks the Read more…
Cryptocurrencies
Bank of England Review – Some Less Hawkish Tunes
The BoE kept Bank Rate unchanged at 3.75%, as widely expected. Inflation and labour market data released ahead of the meeting indicate no imminent need for rate hikes. We maintain our call for unchanged Bank Read more…
Cryptocurrencies
Luggage brand makes comeback after bankruptcy shutdown
A luggage brand that disappeared from the market after a bankruptcy is preparing to return, giving a familiar name in the travel industry a second chance. The relaunch comes as the luggage market continues to Read more…
Cryptocurrencies
Vanguard sends eye-opening warning for hidden millionaires
Regular 401(k) contributions, growing home equity, and vested stock options can slowly add up to a $1 million net worth over the course of a career, without any big windfall. For many people, the milestone Read more…
Cryptocurrencies
Cathie Wood sees $10 trillion opportunity for Elon Musk’s SpaceX
For years, Elon Musk has been making big promises about SpaceX (SPCX). This time, one of Wall Street’s best-known investors is doing it for him. Cathie Wood, CEO of ARK Invest, described a future in Read more…
Cryptocurrencies
Dollar Retreats as Brent Oil Slips; BoE Minutes Cushion Sterling
Dollar retreated from its post-FOMC highs as Brent crude dropped more than 3% to below $103 and WTI fell around 2.8% to $99.5, moving back under the psychologically important $100 level. DXY pulled away from Read more…
Cryptocurrencies
Credit Card fees are so annoying, Americans are going back to cash
You’re in line at your local coffee house during your lunch hour. You have limited time but need that caffeine fix. The line stops suddenly. And right in front of the sign asking customers to Read more…
Cryptocurrencies
Another airline files for bankruptcy, cancels all flights
Granted by the civil aviation authority in a given country, the air operator’s certificate (AOC) is the single most important approval a commercial airline needs before it can begin flying and selling tickets to passengers. Read more…