Wall Street Might Open Higher Following Heavy Selloff

Wall Street headed into Tuesday on hopes of a higher opening following five consecutive sessions of a heavy selloff. This followed concerns that there would be further Fed rate increments that would lead to a market meltdown. Consequently, top indexes in the market also dipped into a bearish zone. Early Market Leads Shares sensitive to … Read more

The Chinese Authorities Busted Digital RMB Money Laundering Operation

The Chinese Law enforcement agency stopped money laundering activities that involved Digital Yuan. China included four additional provinces into the testing operation of the Central Bank Digital Currency (CBDC).  The increasing use of China CBDC in China has gained international recognition. Australia, South Korea, India, and Sweden are all developing their CBDCs. 19 G20 countries … Read more

Wall Street Gets the Fed’s Memo on Rate

The stock markets are finally listening to the Federal Reserve’s Chairman, Jerome Powell. According to everyone’s anticipation, the Federal Reserve raised the interest rates on Wednesday by 75 basis points after raising it by the same figure two times prior. Powell and other fed officials went further to raise expectations of more interest rate increases … Read more

UN Launches First International Finance Facility For Education

On Saturday, the United Nations Secretary-General, Antonio Guterres, and Gordon Brown, his global education diplomat, introduced a billion-dollar education funding. The project, dubbed the International Finance Facility for Education (IFFEd) will provide educational funding for children in lower-income nations. UN Introduces Finance Facility For Education In Low-Income Countries  Meanwhile, the first projects the funding is … Read more

US Stocks Sink This Week After Hitting Rock Bottom In June

The US stocks market plummeted this week, recording the work drop since the market hit bottom in June. This is mainly due to mounting anxiety over excessive Fed interest-rate rises and FedEx Corp.’s alert. Major Selloff In US Stock Market  The S&P 500 declined for three consecutive days this week, falling to about 5%. However, … Read more

ECB Picks Five Firms To Develop Digital Euro Prototype

According to a Friday statement, the European Central Bank (ECB) has selected five firms to assist in developing user interfaces for a future digital Euro. The ECB intends to conduct experiments to see how effectively the technology underpinning the digital Euro can combine with the user interface design built by enterprises. Amazon Among Companies Chosen … Read more

Increased Rates Could Lead To Global Recession – World Bank

The World Bank has given a warning to central banks recently. The financial body stated that the present trend of interest rate increases might not be adequate to prevent a worldwide recession next year.  World Bank Warns Of Impending Recession  Recently, the organization conducted an analysis. The result revealed that if supply shortages and labor … Read more

Goldman Sachs Warns of a Long Time of a Slow Economic Growth

One of the world’s leading consulting firms, Goldman Sachs, through its Chief Economist, has asked people to get ready for a long time of experiencing slow economic growth. Jan Hatzius, the firm’s Chief Economist, shared the view in a discussion with Yahoo Finance during the Communacopia and Tech Conference organized by Goldman Sachs. He said … Read more