The aim of this strategic expansion is to strengthen key sectors such as compliance and finance. From Tether’s headquarters in Hong Kong, the creator of the largest stablecoin on the market has announced its ambitious plans to double its workforce in the coming months. Strategic Growth in Turbulent Times In an exclusive interview with Bloomberg […]
Market Highlights for the Week: Inflation, Volatility, UK
Investors will be watching key inflation data set to be released next Wednesday for clues about the potential magnitude of an expected rate cut by the Federal Reserve in September. Markets are likely to remain volatile, and retail sales results will be monitored for signs of strength in consumer spending. Here’s a look at what’s […]
Dollar Rises Ahead of CPI
The U.S. dollar rose on Monday during a light trading day as traders awaited the release of key inflation data later in the week, seeking clues about the Federal Reserve’s upcoming policy decisions. Dollar gains on CPI expectations The dollar received support at the end of the previous week after better-than-expected U.S. jobs data led […]
Nasdaq Applies to the SEC for Permission to Trade Options Linked to Ethereum ETFs
Nasdaq, the exchange for trading financial assets and stocks, made a request to U.S. regulators to allow it to trade options linked to the spot Ethereum ETFs that recently entered the market. Ethereum ETF options trading The request came in a form filed on [specific date] with the Securities and Exchange Commission (SEC), in which […]
Dollar rises, yen falls after Bank of Japan rules out another rate hike
The U.S. dollar rose on Wednesday, while Japan’s yen sank after the Bank of Japan tried to calm the turbulent waters by signaling that it will not raise rates further if markets remain highly volatile. Dollar recovers ground after sharp losses The dollar gained some ground on Wednesday, helped in part by the yen’s weakness […]
U.S. Stock Markets Rise, with Strong Earnings Supporting Sentiment Shift
U.S. stock markets rose on Tuesday, showing signs of recovery from Monday’s decline, despite continuing concerns about an economic slowdown. Recession Fears Lead to Heavy Losses Concerns about a significant slowdown in economic growth, following a string of poor data related to the purchasing managers’ index and the labor market, caused the DJIA, S&P 500, […]
Dollar Rebounds After Sharp Losses, Euro and Pound Lose Ground
The U.S. dollar gained ground on Tuesday, reversing some of its recent losses as some calm returned to currency markets. Dollar Recovers After Heavy Losses In recent weeks, the dollar has been significantly affected by fears of a possible U.S. recession after a series of weak labor market data, which has triggered bets that the […]
Dollar Falls on Recession Fears; Yen and Swiss Franc Gain
The U.S. dollar fell sharply on concerns about U.S. economic growth, while the Swiss franc and Japanese yen saw strong safe-haven demand. Dollar Loses Ground on Recession Fears The dollar’s sell-off came after data released on Friday showed a significant cooling in U.S. job creation in July, and U.S. Treasury yields fell as traders began […]
Market Highlights for the Week: Economy, Markets, Oil
Concerns about the economy continue, especially over fears that the Federal Reserve has kept interest rates high for too long, hurting growth. More high-profile earnings reports are expected, and oil prices look set to remain volatile due to a combination of recession fears and geopolitical risks. Here’s a look at what will happen in the markets this week. U.S. Data […]
Trump Plans to Use Cryptocurrencies to Pay Off U.S. Debt and Lead the Sector
Former President Donald Trump recently hinted at the potential usefulness of cryptocurrencies to pay down the $35 trillion U.S. national debt. In an interview on Fox Business and at the Bitcoin2024 Conference, Trump argued that the cryptocurrency sector could play a role in the national financial strategy, although he did not provide specifics on how […]