U.S. Treasury yields drop despite stronger-than-expected inflation data
Treasury yields declined despite inflation data exceeding forecasts. Investors focused on upcoming Fed signals as markets awaited the PCE index to gauge inflation trends and...
Tag : financial markets
Germany’s Commerzbank announces 3,900 job cuts as part of new plan
Commerzbank will cut 3,900 jobs by 2028 while targeting a €2.4B profit in 2025, as part of a restructuring plan amid speculation over UniCredit’s increasing...
Dow, S&P 500, Nasdaq drop after inflation data surprises markets
U.S. stocks tumbled Wednesday after inflation data exceeded forecasts, raising fears of delayed rate cuts. The CPI report fueled uncertainty, sending the Dow, S&P 500,...
Portugal’s Golden Visa welcomes crypto investors through new fund
Portugal’s KvarnPortugal Fund merges Bitcoin investment with residency, offering investors a way to secure a Golden Visa through a minimum €500,000 commitment over five years....
Nobel economist says Bitcoin will go bust, questions its utility
Nobel laureate Eugene Fama warns Bitcoin may be worthless in 10 years, arguing its volatility prevents it from being a viable currency. His remarks reignite...
U.S. consumers ramp up retail spending in July despite high prices
Consumer spending in the U.S. experienced a notable boost in July, with retail sectors like autos and electronics leading the gains....
UAE IPOs accumulate $890 million in second quarter 2024
UAE's IPOs raise a robust $890 million in Q2 2024, with significant listings on the Abu Dhabi and Dubai exchanges....
Standard Chartered to launch Bitcoin and Ether trading desk
Amid subdued Bitcoin volatility, Standard Chartered is launching a direct trading service for cryptocurrencies....
Gold prices drop as strong US dollar curbs record rally
With the US dollar maintaining its robust stance, gold and other precious metals experienced declines from recent peaks....
US national debt skyrockets to record $34.4 trillion
US national debt hits record $34.4 trillion, raising alarms over fiscal policy and market stability. Experts warn of dire consequences....