[ad_1] Prominent economist Nouriel Roubini has expressed his skepticism on the developments pertaining to the FTX saga questioning the bailouts in the cryptocurrency industry. “First FTX bails out collapsing crypto Ponzi…
[ad_1] Former Treasury Secretary Lawrence H. Summers said that former President Donald Trump, in many ways, set the stage for the inflation that the U.S. is witnessing and criticized Republicans over their “irresponsible” stance over…
[ad_1] Analysts at Cathie Wood’s ARK Investment Management are wondering if Bitcoin BTC/USD will lead the move back to risk-on assets given the asset’s recent price action. Research associate David Puell…
[ad_1] In its weekly newsletter, Cathie Wood’s ARK Investment Management has argued that electric vehicles are likely to capture a much higher share of the market than the fund forecast earlier. Instead of 48 million…
[ad_1] Major Wall Street indices closed in the green on Monday as the focus shifted to the U.S. midterm elections, which will decide which party will control Congress and therefore, spending. …
[ad_1] The Retirement Systems of Alabama, the administrator of the pension fund for employees of the state of Alabama, loaded up on shares of Tesla Inc TSLA and Home Depot Inc…
[ad_1] Peter Schiff, chief Economist and global strategist at Euro Pacific Capital, has asked Bitcoin BTC/USD “fanatics” to stop making fun of gold based on its market movement. “#Bitcoin fanatics need to…
[ad_1] Major Wall Street indices closed over 1% higher on Friday but closed the weak lower. The non-farm payrolls increased by 261,000 in October, the smallest gain since December 2020. However,…
[ad_1] Hong Kong stocks opened in the green on Monday morning, with the benchmark Hang Seng gaining over 1%, as investors shifted their focus toward U.S. mid-term elections and China trade…
[ad_1] After Elon Musk‘s Twitter takeover, Nobel laureate and noted economist Paul Krugman said he has opened an account on Mastodon “as a precaution against the possible Muskocalypse.” In a series of tweets, Krugman explained why he believes…
[ad_1] Tiger Global Management, a long-time China investor, has reportedly paused investing in China equities as the company re-examines its exposure to the country following Xi Jinping’s historic re-election for a…
[ad_1] Hong Kong shares traded in the green on Friday with the benchmark Hang Seng opening 3.36% higher. Investors and traders seem to have shrugged off a rise in COVID-19…
[ad_1] Stocks and bonds in the U.S. took a hit on Thursday, continuing their response to the Federal Reserve’s hawkish stance. The S&P 500 and the Nasdaq closed over 1% lower, while…
[ad_1] Hong Kong shares opened in the red on Thursday, with the benchmark Hang Seng falling over 0.9% in morning trade, after the Federal Reserve’s anticipation of a higher bar…
[ad_1] Major Wall Street indices closed over 1.5% lower on Wednesday after witnessing a volatile session during Federal Reserve Chair Jerome Powell’s policy announcement. Although markets initially cheered the 75 basis points…
[ad_1] Apple Inc AAPL is entering a transition of reducing its reliance on China that may take as long as a decade to achieve, said Gene Munster, managing partner at…
[ad_1] Tesla Inc TSLA rival and Chinese EV-maker Nio Inc NIO has suspended production at its factories owing to COVID-19 restrictions, reported Reuters. The report cited local tech news outlet…
[ad_1] Former Treasury Secretary Lawrence H. Summers has said the growing calls from politicians and economists for the U.S. Federal Reserve to pause its aggressive policy over fears of recession is “badly misguided” advice. What…
[ad_1] Major Wall Street indices ended lower on Tuesday as investors and traders braced for policy moves from the U.S. Federal Reserve on Wednesday. Better-than-expected jobs data also means the…
[ad_1] The Organization of the Petroleum Exporting Countries (OPEC) has said in its 2022 World Oil Outlook that global oil demand is projected to increase from almost 97 million barrels a day (mb/d) in…
[ad_1] President Joe Biden on Monday lambasted energy companies, saying that they had a responsibility to act beyond the interests of their executives and shareholders with the “historic” profits made from the recent surge…
[ad_1] Hong Kong shares opened in the green on Tuesday, with the benchmark Hang Seng gaining over 3%, as optimism grew over the U.S. Federal Reserve toning down its aggressive…
[ad_1] Major Wall Street indices closed in the red on Monday as investors and traders braced for a 75 basis point hike from the U.S. Federal Reserve on Wednesday. Market participants are…
[ad_1] Former Treasury Secretary Lawrence H. Summers believes the United States is facing a very complex set of macroeconomic challenges but said the current situation does not include low unemployment and is…
[ad_1] Jurrien Timmer, the director of global macro in Fidelity‘s Global Asset Allocation Division, has raised questions on why the U.S. Federal Reserve is committing to an extreme policy when inflation will no…