Goldman Sachs has predicted that unless the US resolves its current debt issue, it will exhaust its cash reserves within the next three weeks.
Debt default risks ‘worldwide panic’, warns US Treasury Secretary
The US Treasury Secretary, Janet Yellen, has issued a stark warning that the clock is ticking to prevent an economic disaster due to the failure to increase the US debt
Bank of England likely to hike, all eyes on the BOE this Thursday
The Bank of England’s governor, Andrew Bailey, along with the Monetary Policy Committee (MPC) members, is expected to announce another interest rate hike this coming Thursday. There is ongoing debate
Latest Federal Reserve Update: Jay Powell increases US interest rate for the 10th consecutive time
US Federal Reserve boosts borrowing costs for the 10th time in a row, aiming to curb inflation
Federal Reserve initiates discussions that may potentially conclude the sequence of interest rate increases.
Today, the US Federal Reserve commenced a two-day meeting to determine whether to increase its benchmark lending rate for the 10th, and potentially final, time in order to address surging
Federal Reserve Chair Jerome Powell comments and Admiral are dragging down the markets
The FTSE 100 index experienced a decline, with Admiral leading the fall due to the motor insurer reducing its full-year dividend.
Bitcoin extended its drop below $20,000 on Monday
Bitcoin extended its drop below $20,000 on Monday as part of a wider cryptocurrency-market retreat, amid concern about the Federal Reserve’s rate-hike path.
Trader’s Café with Zak Mir: A Week In Small Caps, Saturday 27th August 2022
Just when you might have thought the worst was over for the stock market, Fed Chair Jerome Powell, via Jackson Hole, threw a spanner in the works.
Copper, a key economic bellwether, has fallen into a bear market.
The bear market was triggered by a key economic indicator. This has happened before any recessions in the past 30 years. Copper just tipped into a bearish market. This has
Bitcoin Falls Below $20,000, Digital Assets Remain Under Pressure
Bitcoin fell below $20,000 for the first time since December 2020, a sign of increasing stress in the crypto industry against a background of tightening monetary policy.
Run-on crypto as Bitcoin slumps and majore lender ‘pauses’ withdrawals
As Bitcoin drops to its lowest level since December 2020, markets are in chaos