Crypto Washout – Bitcoin experienced a significant downturn on Wednesday, dropping nearly 6% and marking its worst monthly performance in April since late 2022. Investors began pulling funds from cryptocurrencies in anticipation of the Federal Reserve’s upcoming interest rate decision. The value of the world’s most traded cryptocurrency fell by almost 16% in April, as …
Crypto Washout Sends Bitcoin Below $58,000 Ahead Read More »
BlackRock, the world’s largest asset manager, is set to launch a new investment platform in Saudi Arabiawith the backing of up to $5 billion from the country’s sovereign wealth fund, the Public Investment Fund (PIF). This significant collaboration aims to boost Saudi Arabia’s capital markets and further the kingdom’s economic diversification efforts. A New Investment …
Traders Expect and investors are bracing for a significant move in the S&P 500 as the Federal Reserve prepares to announce its policy decisions later today. Data from Citibank suggests that the index could experience a swing of nearly 1%marking the most significant movement since May 2023when the Fed’s policy meeting also led to a …
Traders Expect Largest S&P 500 Movement Since 2023 Read More »
Global Investors around the world are rethinking their strategies as Wall Street’s turbulence and stubborn inflation lead to a recalibration of expectations for U.S. Federal Reserve interest rates. April was a rough month for U.S. stocks and bonds, with the S&P 500 share index and U.S. Treasuries experiencing their most significant monthly losses since September. …
Global Investors Seek Shelter from Wall Street’s Turbulence Read More »
Australian Banks are set to report weaker first-half profits, with high operating costs and intense competition in the mortgage and deposit markets squeezing their margins. The pressure on profits comes despite an initial boost to the banking sector from rising interest rates, indicating a potential slowdown in the strong performance that had been driving the …
Australian Banks Face Profit Squeeze Amid Rising Costs Read More »
Kiwi Plumbs often affectionately referred to as the “Kiwi,” has seen better days. It recently hit a two-week low, following the release of disappointing labor data that has stirred up the market. This dip has sharpened the Kiwi’s losses against the US dollar, leading investors to wonder about the broader implications for the New Zealand …
Kiwi Plumbs Two-Week Trough After Disappointing Labor Data Read More »
