The market’s been a in a free fall, and that might actually be a good thing. The last time increasing interest rates made investors this nervous was in 2018 when the Federal Reserve hiked rates Read more…
Of course it’s simulated. | Image: Google At the end of its I/O presentation on Wednesday, Google pulled out a “one more thing”-type surprise. In a short video, Google showed off a pair of augmented Read more…
Risk sentiment improved Friday, pushing U.S. equity futures higher into the final trading day of a volatile week on Wall Street. Updated at 8:01 am EST U.S. equity futures moved higher Friday, potentially snapping a Read more…
ECB Governing Council member Mario Centeno said normalization of monetary policy was “necessary and desirable”. But such normalization must be done gradually. He urged not to “over-react” to inflation rising across Europe or risk penalizing Read more…
BoJ Governor Haruhiko Kuroda told the parliament, “it’s important for currency rates to move stably reflecting economic and financial fundamentals… The recent sharp, short-term fluctuations in the yen are undesirable, as it heightens uncertainty and makes Read more…
A sell-off in the equity market and a new wave of flight to the dollar on Thursday provided the perfect combination to knock out gold, which slipped to $1810 in thin trading on Friday morning, Read more…
Bears are taking a breather on Friday, as traders collects profits after a sharp fall this week (the index was down over 3% during Mon/Thu period. Stock markets were slashed by worries of high inflation Read more…
The New Zealand dollar is headed for its seventh consecutive losing week. NZD/USD has declined 2.51% this week and the currency is trading at July 2020 lows. The currency plunged 1.01% on Thursday but has Read more…
Stock futures moved higher as Powell rate soothe rate betting bulls; Twitter shares plunge as Elon Musk says $44 billion takeover ‘On Hold’; Bitcoin prices move higher as stablecoin market finds footing; Robinhood shares surge Read more…
Updated at 6:46 am EST Twitter (TWTR) – Get Twitter, Inc. Report shares plunged lower in pre-market trading after Tesla (TSLA) – Get Tesla Inc Report CEO Elon Musk said his $44 billion takeover of the social Read more…