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Economic Challenges Impact Goldman Sachs; Revenue Slump And Job Cuts Looming
Goldman Sachs Group Inc (GS.N), a prominent institution in the US financial market, is facing challenging times as it anticipates a sharp…
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Debt Ceiling Deal Is A Huge Relief; Investors Shift Focus To The U.S. Jobs Report
U.S. President Joe Biden and Republican House of Representatives Speaker Kevin McCarthy on Sunday signed off on an agreement to temporarily suspend…
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Ongoing Debt Ceiling Negotiations In Washington; Weak Corporate Results Dampened Investor Risk Appetite. What’s Expected In The Coming Weeks?
The ongoing debt ceiling negotiations in Washington continue to make investors nervous, especially after U.S. Treasury Secretary Janet Yellen expressed concerns that…
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European Central Bank Warns Interest Rate Hikes Could Increase Bad Debts As Inflation Persists
European Central Bank has warned that increasing borrowing rates by the central banks could make it difficult for borrowers to repay their…
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Race Towards Financial Innovation; Britain Contemplates Introducing “Digital Pound”
The Bank of England and the finance ministry launched a public consultation in February this year to explore the possibility of issuing…
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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…