News
Central Banks struggle with the consequences of Monetary Policies
Central Banks struggle with the consequences of Monetary Policies 📌 The rapid increase in interest rates has posed significant challenges for central banks worldwide, particularly the Bundesbank and the Bank of Italy. These banks accumulated long-term bonds during the...
International Support Pledges Billions to Aid Ukraine’s Reconstruction at Recovery Conference
International Support Pledges Billions to Aid Ukraine's Reconstruction at Recovery Conference 📌International leaders, officials, and investors gathered in London for a two-day "Ukraine Recovery Conference" aimed at securing funding for Ukraine's reconstruction...
European Central Bank Raises rates to 22-Year High, Diverging from Fed
European Central Bank Raises rates to 22-Year High, Diverging from Fed 📌The European Central Bank (ECB) has announced an increase of 25 basis points for its main interest rate to 4%, diverging from the U.S. Federal Reserve's decision to pause its own rate hikes and...
US Launches Lawsuits Against Coinbase and Binance in Escalating Crypto Crackdown
US Launches Lawsuits Against Coinbase and Binance in Escalating Crypto Crackdown 📌The top US securities regulator, the Securities and Exchange Commission (SEC), has filed two lawsuits against major cryptocurrency platforms Binance and Coinbase, marking a significant...
Asian stocks slide as China data disappoints, dashing recovery bets
Asian stocks slide as China data disappoints, dashing recovery bets 📌 For the past few weeks, the United States has been facing a delicate situation regarding its debt ceiling. As negotiations to raise the U.S. government's $31.4 trillion debt ceiling reach a critical...
Potential US debt ceiling crisis and consequences of a US default
Potential US debt ceiling crisis and consequences of a US default 📌 For the past few weeks, the United States has been facing a delicate situation regarding its debt ceiling. As negotiations to raise the U.S. government's $31.4 trillion debt ceiling reach a critical...
Wall Street Ends Lower as Home Depot Outlook and US Retail Sales Disappoint
Wall Street Ends Lower as Home Depot Outlook and US Retail Sales Disappoint 📌U.S. stock indexes closed lower on Tuesday due to several factors impacting investor sentiment. The Dow Jones Industrial Average declined by 1.01% (336.46 points), the S&P 500 dropped by...
Ireland considers new sovereign wealth fund for corporate tax revenue co
Ireland considers new sovereign wealth fund for corporate tax revenue 📌 Ireland is considering using its skyrocketing corporate tax receipts to create a new sovereign wealth fund, according to Finance Minister Michael McGrath. The fund would act as a "longer-term...
Federal Reserve raised interest rates by 25 basis points
Federal Reserve raised interest rates by 25 basis points 📌 The Federal Reserve announced on Wednesday the new interest rates. These rates increased as expected by 25 basis points from 5% to 5.25%. As a result of this increase, the U.S. central bank no longer expects...