DOW Sheds 600 Points, Nasdaq Drops 3% Low As Stock Rates Dwindles

The frequent performance of the stock market has been a topic of debate amid rising inflation and a looming recession as market players grapple with economic turbulence. Stocks Tumbles Again Stocks dipped further again on Friday as traders assessed the impacts of the September job report. The reports indicate that unemployment rates are declining as … Read more

BOE Suspends Plan Over “Market Instability,” Will The Fed Follow Suit?

Central banks globally are in for a challenging ride as they strive to rein in the surging inflation rate threatening economic growth and making a mess of their monetary policies. Bank of England Changes Gear over Market Instability Market instability has continued to hover around despite efforts by central banks to ensure hitch-free economic activity. … Read more

Refrain From Raising Crypto Interest Rates – UN Pleads

There has been a significant decline in the price of crypto since Jerome Powell, the chairman of the Federal Reserve, released the reserve’s intention to raise the interest on crypto transactions on the 21st of September, 2022, during an economic conference. Just as expected, the UN (United Nations) has swung into action as it involves … Read more

Stock Market Bottom – Are We in?

Australian markets still trend lower this year. The question remains, when will we bottom? Economists trust more downtrends are impending. Today’s sessions had the Australian markets extending their decline, with the material sector exploring the red in the afternoon. The benchmark ASX/S&P 200 Index lost 72 basis points on the day to 6,507, while the … Read more

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