In an attempt to stabilize the markets, the Bank of England plans to buy long-dated bonds and also postpone the planned start of its gilt sale program. The move comes as the British pound has reached a record low against the US dollar, which has been strengthening, over the past couple of days. UK Postpones Bond Sale Amid Pound Crash The […]

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. New York (CNN Business)Semiconductors are in everything. Our phones, our laptops, our televisions. Even our cars. But concerns about a global recession and continued worries about supply shortages stemming from lingering pandemic-related shutdowns in Asia over the past […]

After moving to the upside late in the previous sessions, treasuries pulled back sharply during trading on Thursday. Bond prices came under significant pressure in morning trading and remained firmly negative throughout the afternoon. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, spiked by 19.8 basis points to 3.708 percent. The ten-year yield more […]

Bitcoin and Ethereum tanked sharply in the early morning hours as the markets opened ahead of the Federal Reserve’s policy meeting on Sept. 20-21. The drop further exacerbates BTC and ETH’s recent downturns, with both losing more than 50% over the past six months. Global Market Cap Down at $942B As Crypto Takes Another Fall Bitcoin (BTC) and Ethereum (ETH) […]

The futures were crushed as shell-shocked investors return to the scene of the crime after the markets closed down big-time across the board Friday, completing the fourth straight week of stock market losses. All the major indexes were pounded, and with investors anticipating a minimum of a 75-basis-point increase in the federal funds rate on Wednesday, we could be in […]

When the COVID-19 pandemic grounded planes and shuttered hotels around the world, the travel industry was instantly in dire straits. However, the sector has come roaring back between pent-up demand for travel and the resumption of everyday activities, creating ample opportunities for online travel agencies. Despite the earnings strength of companies like Booking Holdings Inc (NASDAQ:BKNG) and Expedia Group Inc […]

ETHW has reportedly airdropped on FTX, according to multiple highly credible crypto accounts on Twitter. The rumors of an airdrop emerged shortly after FTX announced it has listed the Ethereum Proof of Work (ETHW) spot market following the completion of the long-awaited Merge. Widely followed Twitter accounts are reporting that EthereumPoW (ETHW) has just airdropped on the crypto derivatives exchange […]

Tether announced the launch of its flagship stablecoin USDT on the NEAR Network, a layer 1 blockchain network used for building decentralized applications (dApps). The launch marks another blockchain to announce support for USDT, including Ethereum, Solana, and Polygon, among others. NEAR Becomes 13th Blockchain to Host USDT Tether, the blockchain-powered platform behind the stablecoin USDT, said it is launching […]

Gold prices climbed higher on Friday, as the dollar came further off a 20-year high touched a couple of sessions ago. The dollar index dropped to a low of 108.36 in the Asian session, and despite recovering fairly well, continues to languish in negative territory at 108.90, down 0.74% from the previous close. Gold futures for December ended higher by […]

Gold prices fell on Thursday, weighed down by hawkish comments from Fed Chair Jerome Powell, and the European Central Bank’s interest rate decision. The ECB today raised its interest rates by a massive 75 basis points, the biggest hike ever in the single currency bloc’s history, and signaled more tightening in the coming months as policymakers try to rein in […]