ECB Announces 50-Basis-Point Interest Rate Hike as Observers Believe Worst Is Over
Despite a new interest rate hike by the ECB, markets climbed 3.1% with hopes that an end to rate increases is in sight.
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Despite a new interest rate hike by the ECB, markets climbed 3.1% with hopes that an end to rate increases is in sight.
Apple stopped sharing performance guidance during the COVID-19 era and the firm declined to do so also this time.
The positive stance on crypto growth had a number of unique undertones from top regulatory bodies including the Reserve Bank of India (RBI).
Crypto markets cheered the Fed announcement surging by more than 4% and crossing above the $1 trillion valuations once again.
Despite surpassing expectations in 2022 Q4, some economists are projecting that the euro zone could transit into a recession later this year.
Several chipmakers in Asia suffered drawdowns to their shares in the aftermath of poor global smartphone shipments.
Sources familiar with the matter said that the Biden administration is considering a total ban on supplies by the US firms to Huawei.
Apart from the declines in smartphone shipments in China in 2022, the country had a hard time with the persistent coronavirus pandemic.
Aptos led the rally in altcoin space jumping by more than 40% in a day amid huge whale accumulation.
The tech-heavy Nasdaq dipped 0.18% on Wednesday to close lower for the second day as corporate earnings roll on.
It is not uncommon to find mixed perceptions about the prices of Bitcoin amongst market investors and leaders.
Bitcoin price has obliterated FTX and Alameda losses after rallying more than 33 percent in the past three weeks.
The collapse of Genesis was major fueled by its deep exposure to two of the most severe bankruptcies in the digital currency ecosystem.
Tech jobs cut include Amazon dismissing 11,000 employees, Twitter lowering headcounts by 3,700, and others.
Alongside its counterpart in other developed countries, the UK BoE has been hiking interest rates as its major tool to fight headline inflation.