Expect less transparency from Fed Chair Jerome Powell this week, economist says Expect less transparency from Fed Chair Jerome Powell this week, economist says Federal Reserve Chair could offer less clarity during the central bank’s policy meeting Federal Reserve Chair Jerome Powell is expected to provide less transparency during the central bank’s policy meeting, which … Read more
Cryptocurrencies rebound after previous day’s sell-off Selim Korkutata | Anadolu Agency | Getty Images Cryptocurrencies recover, Bitcoin surges over 7% Cryptocurrencies bounced on Wednesday, recovering much of the losses from the previous day’s sell-off, which came soon after bitcoin hit an all-time high. According to Coin Metrics, Bitcoin jumped 7.2% to $66,801.38, while ether rocketed … Read more
The downgrade could trigger contractual obligations from business clients of NYCB who require the bank to maintain an investment grade deposit rating, according to analysts who track the company. (Consumer deposits at FDIC-insured banks are covered up to $250,000.) NYCB finds itself in a stock freefall that began a month ago when it reported a … Read more
News Article Hong Kong-listed China EVs are under pressure 4 Hours Ago BYD Han EV sedan is on display during the Shanghai International Automobile Industry Exhibition on April 18, 2023 in Shanghai, China. Chinese EV makers shares listed in Hong Kong fell in early trading on Monday. Shares of Li Auto led declines with falls … Read more
Will the Chinese Yuan, Indian Rupee, and Korean Won Benefit from Global Monetary Policy Changes? The portrait of Mahatma Gandhi is displayed on Indian rupee banknotes in an arranged photograph in Bangkok, Thailand, on Wednesday, Sept. 12, 2018. Brent Lewin | Bloomberg | Getty Images The Chinese Yuan and Monetary Policy The Chinese yuan has … Read more
Americans Shopping Online After Midnight More Likely to Default on Loans: Affirm CFO Americans Shopping Online After Midnight More Likely to Default on Loans: Affirm CFO A young man holds a credit card and uses a laptop for online shopping. Diy13 | Istock | Getty Images Americans shopping online after midnight often make riskier transactions … Read more
Nvidia Shares Reach New Record High, Jan van Eck Sees Continued Upside Potential An expert believes Nvidia’s dominance in the AI chip industry positions the stock for further gains Nvidia shares surged to new all-time highs, hinting at potential further growth still to come, according to Jan van Eck, CEO of investment firm VanEck. Van … Read more