Latest News
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.
As Germany’s Business Confidence Deteriorates, The Euro Slides to July 2020 Lows
The euro sank on Wednesday as a poll revealed that German business confidence declined in November, while the Turkish currency stayed under pressure as President Tayyip Erdogan supported interest rate cuts despite rising inflation.
Forex
Japan Will Spend $313 Billion In Additional Budgetary Funds Due To Tax Revenue Overshoots
Japan is likely to submit an additional budget for fiscal 2021 on Friday, with spending of $313 billion, according to a draft obtained by Reuters, while maintaining market issuance of interest-bearing bonds stable as it concentrates efforts to mitigate the impact of the coronavirus outbreak.
Banks and Finance
China Asks Didi to Delist From U.S. On Security Fears
According to sources familiar with the case, Chinese officials have ordered Didi Global Inc.'s senior executives to design a strategy to delist from U.S. exchanges, an extraordinary request that is certain to reignite anxieties about Beijing's ambitions for its colossal tech industry.
Banks and Finance
One of America’s Youngest Billionaires Details His Biggest Financial Mistake
Sam Bankman-Fried may have made his wealth by starting crypto exchange FTX, but he is still learning about some elements of the industry. Indeed, according to Yahoo Finance, the 29-year-old billionaire's worst financial blunder was waiting too long to enter the crypto craze.
Banks and Finance
Why These Are The Worst Stocks To Own Right Now: Goldman Sachs
Even if equities are still on autopilot, Goldman Sachs strategists warn that not every section of the market is a long-term buy. Stocks with strong exposure to tight labor markets, which run the risk of eroding profit margins as wages are boosted, are among the worst to invest in a US economy striving to recover from the COVID-19 epidemic.
Stocks
Inflation Data, Black Friday Sales: What to Know This Week
Investors will receive a slew of new economic data and company announcements during this holiday-shortened week. New inflation statistics will be extensively scrutinized, and preliminary data on Black Friday sales will provide merchants with an early indication of Christmas buying momentum.
Banks and Finance
Not All Cryptos Are Scarce Like Bitcoin
One of the most significant reasons why bitcoin continues to make national headlines is its scarcity. Bitcoin is regaining its reputation as "digital gold" as major advisers such as JPMorgan tout it as an inflation hedge as the US Treasury issues more fiat money.
Crypto
USDC Issuer Plans to Enter the Japanese Market
According to the company's plans to expand its commercial activities there, a potential location for Circle, the stablecoin issuer, is Asia. Many Asian countries, like Laos, Singapore, and the United Arab Emirates, see the digital asset market as a new business potential, despite China's ban on cryptocurrency exchanges.
Stocks
Euro’s Pain Makes For Dollar’s Weekly Gain
On Friday, the dollar appeared set to make a second week of significant gains versus the euro as traders gambled on interest rates increasing quicker and further on the North Atlantic's western side, while sterling and the kiwi firmed as well.
Forex Discover
