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Our news section is a meticulously compiled repository of the latest events, updates, and emerging trends spanning the dynamic industries of Liquidity, Forex, Cryptocurrency, and FinTech and serves as an informative platform for those seeking to keep up-to-date with the rapidly evolving landscapes of these sectors. This curated collection acts as a hub, capturing the pulse of these industries and ensuring our readers are always at the forefront of the latest developments.
Hong Kong Retail Banks Are Having Their Worst Time In A Decade As Low-Interest Rates Crimp Profits
Hong Kong's retail banks are experiencing their worst year in a decade, as low-interest rates combined with the ongoing Covid-19 outbreak have slashed profit margins for the third straight year.
Banks and Finance
Chip Shortage Leaves U.S. Companies Dangerously Low on Semiconductors, Report Says
Commerce Secretary Gina Raimondo stated that the survey findings demonstrate the critical significance of Congress approving the U.S.'s The Innovation and Competition Act which contains a $52 billion investment to stimulate domestic semiconductor manufacturing.
Companies
This Fed Meeting Is Crucial. Future Rate Hikes Are Just The Start
Ryding also does not expect the Federal Reserve to follow in the footsteps of the Bank of Canada, which unexpectedly terminated its asset purchasing in 2021. "What I expect to receive is clarification from the Federal Open Market Committee Session," he said.
Banks and Finance
Bitcoin, Ether, and Other Cryptos Claw Back Losses
Bitcoin, the world's most valuable digital asset, went up 8.3 percent in the previous 24 hours to $36,398, according to CoinDesk statistics. It had traded at $33,000 in the midst of Monday's dumping - it had previously been over $42,000 the previous week.
Crypto
Bank of Korea Says First Phase of CBDC Test Completed Successfully
It is noted in the statement the first part evaluated the fundamental functionalities of a CBDC in a simulated ecosystem, involving fabrication, releasing, and delivery. It summed up that the CBDC "functions properly" under test settings.
Banks and Finance Discover
The Stock Market Just Suffered Its Worst Week Since 2020. Here’s What Comes Next
Although rational, the loss has been unpleasant for investors who have been taught to trade on the dips. This week, the Nasdaq Composite saw two straight one-percentage-point gains, which converted into losses by the end of the trading day.
Stocks Discover
GameStop apes are all talk: Webull CEO
"If you look at the prices today [at GameStop], it tells me that whether it's diamond hands or monkeys, I believe it's just chatter," Denier remarked on Yahoo Finance Live. "We are witnessing our traders and our investors take money off the table in GameStop."
Companies