Fed May Hike Interest Rates by 50 Basis Points in December
According to Chair Jerome Powell, the US Fed will likely raise interest rates this month by 50 basis points.
This category covers crypto market news today, including crypto index trends, major exchange data, capital flows, sentiment shifts, regulation impact and crypto’s interaction with traditional finance. Designed to help you understand the forces driving valuation across tokens, sectors and regions.
According to Chair Jerome Powell, the US Fed will likely raise interest rates this month by 50 basis points.
Tesla boss Elon Musk opines that the Fed’s attempts to stem inflation may inadvertently induce a full-blown recession.
The cost of living crisis was a major challenge for the region this year as it attempted to bring down energy costs.
The governor noted that Elon Musk is opening Twitter up for free speech, and Apple wants to take that away from him.
Development and adoption of the crypto space in the past years have prompted the expansion of mechanisms that assess the credibility of virtual tokens.
Tesla stock seems poised to drop further due to increased EV competition and Musk’s recent involvement with Twitter.
American entrepreneur Sam Bankman-Fried has failed to honor a loan agreement with BlockFi.
AAPL shares have traded sideways since hitting an ATH of $182.94 earlier this year.
Cyber Monday 2022 spending could hit an all-time high as analysts believe severe inflation may count for little to nothing.
CD Projekt realized a better-than-expected $21.94 million profit for Q3 2022 due to the soaring popularity of an IP product.
While there is no direct reason why Amazon is shutting down its distribution business in India, evidence points to the growing competition in the country’s e-commerce sector may be squeezing out the retail giant.
The Black Swan writer recently described Coinbase as “cash-flow negative,” suggesting little faith in the exchange.
German apparel company Adidas is opening an investigation into reports that Kanye West used sexual antics on staff.
After Asian trading hours, the shares of the company 1.66% to 136.60 HKD. Hopefully, the company’s shares will rebound when investors soak in the positive financials shared in the coming weeks
Following minutes from the November FOMC meeting that increases in interest rates will taper, US Treasury yields drop slightly on Friday.