The recent movements of Asian currencies have been relatively stagnant, with minimal fluctuations observed. This stability comes amidst increasing anticipation of crucial inflation data that could significantly influence the future of U.S. interest rates. The global economic conditions have been a cause for concern, resulting in a decline in risk appetite and subsequent losses in
admin
The emergence of Credit Coop, a new private credit platform, is a significant development in the Web3 ecosystem, as it aims to support the growth of cryptonative businesses by offering innovative financing solutions. Traditional financing models have long been inadequate for the unique needs of companies operating in the Web3 space, with over-collateralization requirements and
The month of September started off on a rocky note for the stock market, especially in the semiconductor space. Nvidia experienced a significant drop in its market capitalization, marking it as the biggest one-day loss for any U.S. stock in history. The VanEck Semiconductor ETF (SMH) also suffered a nearly 12% decline last week, the
Renowned economist Joseph Stiglitz, Nobel Prize winner of 2001, has voiced his concerns over the Federal Reserve’s monetary policy decisions. Stiglitz has been critical of the Fed’s approach, claiming that they have been too aggressive in tightening monetary policy, leading to potential worsening of inflation issues. He is advocating for a half-point interest rate cut
Recently, California announced its plan to sell $2.5 billion of tax-exempt general obligation bonds, marking the state’s second largest offering this year. The purpose of this sale is to finance voter-approved projects, pay down outstanding commercial paper, and refund outstanding general obligation bonds. This move has garnered attention from various ratings agencies, including Fitch Ratings,
The recent budget forecast released by the city of Chicago is projecting a significant increase in the corporate fund deficit in the coming years. The deficit is expected to balloon to $982.4 million by 2025, a stark contrast from the $222.9 million shortfall projected at the end of 2024. Mayor Brandon Johnson’s administration presented both
The idea of reaching the trillionaire mark is something that has captured the imagination of the world ever since the concept of a billionaire was first introduced. The journey from a billionaire to a trillionaire seemed like an unattainable feat, and yet, here we are, contemplating who will be the first to achieve this unprecedented
Activist investor Starboard Value has taken steps to dissolve News Corp’s dual-class share structure, a move that could potentially challenge the Murdoch family’s control over the media company. The push was made through a non-binding shareholder resolution, with Starboard owning roughly 2% of the company’s Class A shares. This is a significant development, considering that
The Swiss National Bank (SNB) is facing a challenging situation due to the unexpected slowdown in Switzerland’s inflation and the strength of the Swiss franc. Recent data shows that inflation in Switzerland fell to 1.1% year-on-year in August, below the anticipated 1.2%, signaling that third-quarter inflation may be significantly lower than the SNB’s target of
A recent analysis by on-chain analytics firm IntoTheBlock has revealed some interesting insights into Bitcoin’s historical cycles. According to the analysis, there is a pattern that suggests a significant rally might be on the horizon for 2025. Historically, the average duration between Bitcoin’s halving events and the subsequent peak is approximately 480 days. This pattern