European stocks made small gains on Tuesday with traders hopeful that central banks would not push global economies into recession by raising interest rates too far in their battle against inflation. Europe’s region-wide Stoxx 600 added 0.2 per cent, while France’s Cac 40 and Germany’s Dax rose 0.1 per cent. Trading volumes were expected to
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Crypto exchange Gemini founder and CEO Cameron Winklevoss is again threatening to sue Digital Currency Group and its CEO Barry Silbert over delays in the resolution of Genesis for its Earn customers while slamming the CEOfor allegedly trying to play the victim card. In the July 3 “Open Letter to Barry Silbert,” Winklevoss alleged the
Hedge fund manager Chris Rokos has reached a settlement with Deloitte over claims he received bad advice on a failed investment scheme that left him with a £40mn tax bill. The billionaire had sued the Big Four firm in London’s High Court, alleging Deloitte was in breach of its duties when it advised him on
Swiss authorities are probing a prominent Geneva-based oil trader’s legal arrangements to sidestep Russia sanctions, in a sign the country has begun actively policing its large commodity industry’s ties with Moscow. The regulatory questions to Paramount, posed in April in a letter seen by the Financial Times, are one of the first known efforts by
More than has been the case for many years, France appears deeply divided. Last week’s police killing of a teenage driver of North African descent triggered unrest across the country, with stark images of cities ablaze providing evidence of anti-government sentiment caused by a range of inequality issues. President Emmanuel Macron has been accused of
Central banks have been raising interest rates at the fastest pace since the 1990s, but the most severe bout of inflation in a generation is yet to be tamed. While many were late to spot just how big a problem this wave of inflation would prove, officials representing the world’s 20 largest economies have now
Bitcoin (BTC) has been the “primary focus” for institutional investors over the last two weeks, according to Coinshares, as the cryptocurrency continues to hit new prihighs for 2023. In a July 3 report from CoinShares’ Head of Research James Butterfill, the analyst noted that Bitcoin-related products saw $310.6 million of inflows over the last two
The Ascending Triangle: -It resembles accumulation. -It is a bullish pattern. -It doesn’t have to happen on an uptrend, but it is very helpful when it does. -The top of the triangle is fairly straight and the bottom of the triangle is ascending. The stock ascends and descends between these two lines of the triangle.
As Chinese stocks rocketed higher in January after stringent Covid restrictions were lifted, strategists at Goldman Sachs made the case that a 46 per cent rise in a matter of weeks was only the beginning. “China looks well positioned across the growth, policy and inflation cycles in a global context in 2023,” they argued, noting
Kevin Matras compares the PEG ratio to the P/E ratio and shows how to use them both for finding classically undervalued stocks with market beating growth rates. Highlighted stocks include CSIQ, MEOH, RCL, SBRA and TRN.
Britain’s energy regulator has warned suppliers not to pay dividends unless they are financially stable, as it seeks to avoid a repeat of last year’s energy crisis. Jonathan Brearley, the chief executive of Ofgem, has written to company bosses warning them to “behave responsibly” as the price pressures ease in the wholesale energy markets. The
Australia: The Reserve Bank of Australia will announce its cash rate target. Economists are split over whether the central bank will raise the cash rate to 4.35 per cent or pause, according to a Reuters poll. Thailand: Parliament is expected to choose a House speaker. Progressive opposition party Move Forward and the biggest partner in
Hong Kong crypto ETFs’ rise to popularity During a June 28 interview with Hong Kong’s public broadcast agency Radio Television Hong Kong, Peishan Li, chief executive and board member of Hang Seng Investment Management, disclosed that digital asset ETFs listed in the Special Administrative Region (SAR) of China have now surpassed $12 billion Hong Kong
The Open Network (TON) has released an on-chain encrypted messaging feature, according to a July 3 announcement from the network’s developer, TON Foundation. The new feature allows for private messages to be sent between TON users. TON Foundation Introduces Encrypted Transaction Messageshttps://t.co/HXKtk0gxKC pic.twitter.com/0z1z4E5ku1 — TON (@ton_blockchain) July 3, 2023 TON is a blockchain network forked
“A room or part of a home in which a woman may indulge in hobbies and interests without being distracted by other family members,” explains Collins Dictionary in defining the she shed, which could easily have added ‘and a response to the better known man cave male equivalent.’ Of course, women have always had their
The United States equity markets have witnessed a solid year so far. The Nasdaq Composite has soared 31.7%, its best first-half performance since 1983. Similarly, the S&P 500 Index’s (SPX) 15.9% gain is its best first half since 2019. This suggests that risky assets remain in demand. In the cryptocurrency markets, Bitcoin (BTC) has led
The UK’s financial watchdog has summoned bank chief executives to address concerns that savings rates are lagging behind the surging cost of mortgages. Top bankers at HSBC, NatWest, Lloyds and Barclays are expected to attend a meeting at the Financial Conduct Authority on Thursday amid accusations they are profiteering from rising interest rates, according to
New Jersey Gov. Phil Murphy averted a government shutdown Friday, signing into law a record-setting $54.3 billion fiscal 2024 spending plan hours ahead of a July 1 budget deadline. The budget records an $8.3 billion surplus and features $5.4 billion of new spending in addition to major tax code changes and tax-relief provisions. For the
Municipals were little changed ahead of the Fourth of July, while U.S. Treasuries were weaker and equities ended up. Triple-A yields were steady, while UST yields rose three to eight basis points. Municipal to UST ratios fell as a result. The two-year muni-to-Treasury ratio Monday was at 59%, the three-year at 61%, the five-year at
Russian warlord Yevgeny Prigozhin called on the Russian public to stand up for his Wagner paramilitaries on Monday as the group continued to recruit troops for the war in Ukraine, in apparent contradiction of the terms of a truce with the Kremlin. Speaking on the Telegram messaging app for the second time since leading an
Illinois headed into the new fiscal year with fresh deposits to its rainy-day and pension stabilization funds, a low bill balance, and $1 billion in available general revenue funds — hitting several high marks on some fiscal metrics that had sunk during the state’s budget impasse six years ago. The state ended the year with