(Bloomberg) Fed’s Chair Jerome Powell expects the central bank to achieve the 2% inflation target once supply constraints subside. Powell acknowledges the uptick in inflation in recent months, a factor…
Bitcoin traded at $33,000 level after surging about 4.50% on Tuesday, a day after the digital token experienced sell-offs, plunging at least 10%. Bitcoin’s Monday sell offs were fueled by…
(Bloomberg) Stock transactions spiked on Friday to defy Fed’s hawkish tone and uncertainty of expiration of options and futures in “triple witching” quarterly event. Transaction volumes on S&P 500 was…
(Reuters) The EU has lifted a ban targeting eight banks in syndicated debt sales amounting to 800 billion euro or $950.7 billion. Nomura, Credit Agricole, UniCredit, Citigroup, JPMorgan, Bank of…
(CNBC) Miami is courting Bitcoin miners to transfer from China by offering lower electricity costs sourced from nuclear energy. Mayor Francis Suarez said Miami will compete to host Bitcoin miners…
(Office for National Statistics) Retail sales in the UK declined by 1.4% between April and May as easing of coronavirus restrictions encouraged more people to dine out. Average retail sales…
(Bloomberg) A hawkish surprise from the Fed, overvaluation concerns, and expected slowdowns in growth have done little to deter S&P 500 rise. The index has defied odds to rise for…
(US Department of Labor) US jobless claims rose by 37,000 to hit 412,000 for the week that ended June 12. The claims were higher than expected 360,000 and the highest…
(MarketsInsider) Climate impacts of bitcoin and its limited transparency has seen the World Bank reject a request by El Salvador to turn the digital token to the legal tender. Alejandro…
(Federal Reserve) The Federal Reserve projects two rate hikes by the end of 2023 even as officials plan to hold discussions to scale back bond purchases. Fed Chair Jerome Powell…
(General Motors) General Motors Co. has said it will raise its EV and AV investments by 75%, or $35 billion up to 2025. GM aims to become a market leader…
(Statistics Canada) Canada recorded the fastest rise in inflation since 2011, with annual consumer prices rising 3.6% in May. The jump in Canada’s inflation was higher than expected 3.5% gain.…