Binance confirms it’s backing out of deal to buy FTX assets
[ad_1] Binance, the world’s largest crypto exchange, has confirmed that it is indeed backing out of its deal to buy rival FTX’s non-U.S. assets, according to a tweet sent from…
Crypto exchange Binance to provide proof of reserves soon, says CEO
[ad_1] The world’s largest crypto exchange Binance will start providing proof of reserves soon, after it proposed an acquisition of the non-U.S. assets of rival exchange FTX, which faced a…
Fidelity launches waitlist to offer crypto trading to retail investors and why aren’t more financial products meeting the needs of Latinos in the U.S.?
[ad_1] Hi, MarketWatchers. Don’t miss these top stories. Fidelity launches waitlist to offer crypto trading to retail investors Fidelity Crypto has opened up an early access waitlist for retail investors…
U.S. productivity picks up a bit in third quarter. After two hefty declines ‘any gain is welcome’.
[ad_1] The numbers: U.S. productivity rose at a 0.3% annual clip in the third quarter, the government said Thursday. That’s the first gain after two straight sharp quarterly declines. Economists…
Oil slumps as fears rise Fed rate hikes will crimp crude demand, dollar jumps
[ad_1] Oil fell Thursday, losing ground on fears aggressive tightening by the Federal Reserve will tip the economy into recession, while the U.S. dollar rose sharply. Price action West Texas…
Google Cloud launches first Web3 product in private view
[ad_1] Google Cloud this week announced the launch of a blockchain product, which is available in private view. “This is the first time Google Cloud has launched a first party…
U.S. home prices fall for second straight month in August, according to Case-Shiller index
[ad_1] The numbers: The S&P CoreLogic Case-Shiller 20-city house-price index fell 1.3% in August, its second consecutive monthly decline. Year-over-year price appreciation rose 13.1%, but that reflects the stronger conditions…
Pound, U.K. bonds slide on further political uncertainty as retail sales disappoint
[ad_1] U.K. bond yields rose while the British pound fell on Friday, reflecting both the political turmoil as well as the state of the underlying economy as retail sales fell…
Fed’s Bullard thinks inflation can come down without throwing a wrench in strong labor market
[ad_1] The Federal Reserve can get inflation back down to its 2% target without throwing a wrench in the strong labor market, said St. Louis Fed President James Bullard on…
New York factory activity stumbles in October
[ad_1] The numbers: The New York Fed’s Empire State business conditions index, a gauge of manufacturing activity in the state, fell 7.6 points to negative 9.1 in October, the regional…
Bored Ape creators Yuga Labs faces probe by SEC over unregistered offerings: report
[ad_1] Yuga Labs, founder of the Bored Ape Yacht Club NFT collection, is being probed by the U.S. Securities and Exchange Commission as to whether nonfungible tokens are considered unregistered…
$568 million theft from Binance blockchain just one of many cross-chain hacks this year
[ad_1] Cryptocurrency exchange Binance temporarily halted its blockchain network after $568 million worth of cryptocurrency was stolen off the platform. The exploit occurred on a bridge between blockchains and hackers…
Fed’s Daly says more rate hikes needed, dismisses ‘pivot’ talk
[ad_1] The Federal Reserve needs to keep raising its benchmark interest rate in order to cool inflation that hit a 40-year high earlier this year and has shown little signs…
Celsius co-founder Daniel Leon resigns
[ad_1] S. Daniel Leon, co-founder and chief strategy officer of Celsius, has left the firm just a week after chief executive Alex Mashinsky declared his departure. “We confirm that Daniel…
Fed’s Daly says ‘churn’ in labor market might be settling
[ad_1] There are signs that the U.S. labor market is starting to cool off a bit, San Francisco Federal Reserve President Mary Daly said Tuesday. “I think…some of the churn…
If Fed gives up fight, ‘you’re going to see bitcoin and other assets take right back off,’ says Michael Novogratz
[ad_1] “ ‘If he gives up this fight, you’re going to see bitcoin and other assets take right back off.’” — Michael Novogratz, CEO of digital asset and blockchain lender…
Pound climbs, U.K bond yields fall again on expectations U.K.’s Kwarteng will speed up debt-cutting plans
[ad_1] The British pound rose and gilt yields fell a second day after reports that U.K. Chancellor Kwasi Kwarteng will publish debt-reducing plans early, a day after a U-turn over…
Fed’s Barkin expects inflation to come down a bit in coming months
[ad_1] All signs point to lower U.S. inflation in coming months, Richmond Fed President Thomas Barkin said Friday. “Inflation should come down a bit. I don’t expect it to be…
Fed must try to avoid a ‘harsh recession,’ Daly says
[ad_1] The Federal Reserve does not need to induce a deep recession in order to bring down high inflation, San Francisco Fed President Mary Daly said Thursday. “Inducing a deep…
Why bitcoin and ether are outperforming stocks, despite dollar’s rally
[ad_1] Bitcoin and ether have outperformed major stock indexes so far this week, despite the dollar’s continued rally as Treasury yields have climbed. Bitcoin BTCUSD, -0.49% lost about 1.4% on…
IMF scolds U.K. on fiscal plan that has upset financial markets
[ad_1] The International Monetary Fund on Tuesday afternoon weighed in on the massive tax-cut package and other measures at the heart of a U.K. government fiscal plan that sank the…
U.S. stock futures dip, dollar rises as Italian election results add to uncertainty
[ad_1] U.S. stock-index futures fell late Sunday, suggesting losses Monday, as the projected victory of a far-right party in Italy added to uncertainties about rising interest rates and recession fears.…
Yellen: Inflation will come down next year
[ad_1] Treasury Secretary Janet Yellen on Thursday said she believed high U.S. inflation would fall next year, but cautioned there are risks to this outlook. “I believe it’s going to…
Yen rallies after Japan unilaterally intervenes for first time in 24 years
[ad_1] The dollar dropped sharply against the Japanese yen on Thursday, in the first intervention to support its currency since 1998, after the Bank of Japan bucked the trend of…
Apple hikes app store prices in Europe and Asia as dollar soars
[ad_1] Apple Inc. has announced a price increase of its apps and in-app purchases in Europe and Asia as a measure to safeguard its profit margins as other currencies have…