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

Recession Odds Now Very High As Inflation Lingers – Ex Fed VC

The CPI (Consumer Price Index) statistics in the United States recently surpassed economists’ forecasts. As a result, there is widespread panic as inflation rose with an economic downturn around the corner. US Fed Having A Hard Time Battling Inflation  On September 13th, the US released the CPI data. Following the announcement, the markets and their … Read more

Huobi Signs MoU With Busan For Blockchain Development

Crypto firm Huobi Global and its South Korean subsidiary, Huobi Korea, have penned an MoU (Memorandum of Understanding) with the government’s assistance. Huobi will help the city to develop its blockchain ecosystem.  Huobi To Help Develop Busan’s Blockchain Infrastructure  On Wednesday, Huobi Global announced that it had entered a partnership with Busan in South Korea. … Read more