Newsbreak 6 months ago in 10 things, 10 things opening bell, Around The World, Binance, crypto, cryptocurrency, ECB, Economy, ftx, Markets, Newsletter, OKX, Sam Bankman-Fried 0 Category: ECB
A crypto exec shares details of his phone calls with Sam Bankman-Fried days before FTX imploded
Newsbreak 6 months ago in 10 things, 10 things opening bell, Around The World, Binance, crypto, cryptocurrency, ECB, Economy, ftx, Markets, Newsletter, OKX, Sam Bankman-Fried 0 Good morning to my favourite nook of the web. Senior reporter Phil Rosen right here. It’s good to see you. Today, we’re zooming in on the revealing calls that occurred simply before the autumn of FTX, between Sam Bankman-Fried and a rival exec. I caught up with that exec to listen to about Bankman-Fried’s eleventh-hour scramble for a billion-dollar deal. But before we get to…
The Fed and other central banks could deliver a ‘Santa Pause’ rally for global stocks this year as they dial...
Newsbreak 7 months ago in Around The World, Bank of England, Brazil, Canada, ECB, Federal Reserve, Inflation, Interest Rates, Markets, MI Exclusive, Monetary Policy, Norway, S&P 500, Stock markets, Stocks 0 A “Santa Pause” rally could also be on its manner for 2022. Bryan R. Smith/Getty Images A “Santa Pause” rally for stocks could also be taking form as central banks sign a step-down in rate hikes, Charles Schwab mentioned. The Fed and the BoE are amongst these indicating they’re contemplating much less aggressive rate hikes in the future. The MSCI EAFE Index of worldwide stocks…
US stocks climb after GDP shows economy returning to growth, while Big Tech earnings continue to disappoint
Newsbreak 7 months ago in Alphabet, Around The World, Earnings, ECB, Fed, GDP, Interest Rate, Markets, Meta, MI Exclusive, Recession, Stock market news today 0 Meta logo Arnd Wiegmann/Reuters US stocks traded mixed Thursday as a better-than-expected GDP print showed the economy grew 2.6%. Meta shares shed 23% after reporting an earnings miss after the closing bell on Wednesday. Meanwhile, the European Central Bank raised interest rates to 1.5%, the highest mark since 2009. US stocks climbed Thursday after a better-than-expected GDP print, while Big Tech earnings continue to roll…
The European Central Bank raises interest rates by 75 basis points for its second jumbo hike in a row
Newsbreak 7 months ago in Around The World, ECB, Economy, Euro, European Central Bank, Eurozone, Inflation, Interest Rates, interest rates rising, Investing Analysis, Investing Outlook, Investing Strategy, Markets, MI Exclusive, Stock Market Analysis, Stock Market Outlook, Stock Market Strategy, Stoxx 600 0 The European Central Bank raised interest rates by 75 basis points Thursday in a bid to tame sky-high inflation. Reuters The European Central Bank raised interest rates by 75 basis points for the 2nd time in a row Thursday. The central bank opted for another rate hike to tame soaring inflation and promised more. The euro fell below $1 after the ECB decision, extending its…