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Elon Musk Announces New Twitter CEO As Platform Increases Focus On Crypto
Twitter has found a new chief executive officer, Elon Musk, who acquired the social media giant for $44 billion last year, tweeted…
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Inflation Eases To 4.9% In April; The Path To 2% Will Be Bumpy
The U.S Bureau of Labor Statistics reported this Wednesday that Consumer Price Index (CPI) rose 0.4% month-on-month (m/m) in April, meeting the…
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With A Rebound In US Financial Markets, Asian Markets Look To Follow Suit
As US financials experience a rebound, Asia’s stock markets are poised to climb this week. The surge in the S&P 500 by…
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HSBC Survives Bid By Top Shareholder To Spin Off Lucrative Asian Operations
Top global bank HSBC foiled a plan Friday by one of its largest shareholders to split the bank from its Asian operations.…
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Stripe Launches Fiat-to-Crypto Onramp To Accelerate Cryptocurrency Adoption
Stripe, one of the largest payment service providers, announced the launch of a Stripe-hosted fiat-to-crypto onramp. The move makes it easier for…
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The Fed Raises Interest Rates By 25 BPS This Wednesday; Effects On Crypto And Financial Markets
As widely expected, the U.S. Central Bank raised interest rates by 25bps this Wednesday. It signalled it could pause further increases, giving…
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Morgan Stanley to Slash 3,000 Jobs Amid Market Uncertainty
Morgan Stanley plans to eliminate 3,000 jobs from its global workforce in the second quarter due to slow deal-making and an uncertain…
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United States May Fund Its Deficit By Printing More Money; Could Default By June 1st
Ray Dalio, the billionaire founder of one of the world’s largest hedge funds, Bridgewater Associates, was recently interviewed. He explains that the United…
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United States May Enter Mild Recession As Yet Another Hike In Fed Rates Expected
Financial markets worldwide are abuzz with talk of the US Federal Reserve’s (Fed) upcoming decision to raise its benchmark lending rate to…
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BRICS Currency Against The U.S. Dollar; International Trade And De-Dollarization
Josh Sullivan, a former economic advisor for the White House, believes that a new BRICS-issued currency may have the ability to lessen…