Category: News
Wall Street Declines As Investors Absorbs Hawkish Fed Message
On Wednesday, the three major indexes on Wall Street spent the day see-sawing but finally declined in the last half hour of trading. This was…
European Stocks Decline For Sixth Consecutive Session
On Tuesday, European stocks dropped to lows of 11 weeks, as they extended their declines for the sixth consecutive session. Risk-taking bets remained on the…
BIS Backs Rate Hike Despite Risk Of Recession
The Bank for International Settlements (BIS) is recognized as the umbrella body for the world’s central bank. The body recently urged all major economies to…
Markets Churn And Investors Hiding In Cash Despite Inflation
2022 has proven to be a tough year for the financial markets and this has prompted some investors to hide in cash. This is because…
Russian Central Bank Reduces Key Rate To 7.5%
On Friday, the Bank of Russia announced that it was trimming its key lending rate to 7.5%, which would make it a reduction of 50…
Shares In Asia-Pacific Markets Mixed With Shenzhen Dropping 2%
On Thursday, shares in the Asia-Pacific markets saw mixed trading, after having recorded a negative trading session a day earlier. Meanwhile, there was a sharp…
Fundraising For GameFi Has Surged In August But It Is Still Low Compared To June
In recent years, the Game Finance (GameFi) sector has emerged as one of the most prominent and highly adopted spaces in the crypto-blockchain industry. The…
Federal Reserve Set For Another Rate Hike Of 75 bps
According to economists, the US Federal Reserve will announce another rate hike of 75 basis points in its policy meeting next week. Furthermore, it is…
Wall Street Records Fourth Day Of Gains Ahead Of CPI Report
On Monday, Wall Street continued with its winning streak for the fourth straight session, as a strong rally in stocks saw them close higher for…
Stocks Climb With Growth Shares In The Lead
On Friday, there was a rally in global equities with growth and tech shares taking the lead, and 2-year Treasury yields that are sensitive to…
