Investing.com – “No, not again!” — the Saudis must be thinking. But that’s exactly what it was as crude prices hit near seven-month lows on Tuesday, plunging to $70 territory, as disappointing trade data from China raised fresh concerns about the economic health of the world’s largest crude importer. New…

The Japanese yen’s depreciation accelerated today, edging closer to its highest level in 33 years, amid signals from Federal Reserve Chair Jerome Powell that interest rate hikes could continue in the face of persistent inflation concerns. The yen traded at 151.44 to the dollar, a marginal increase of 0.06% from…

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content. Chimpzee ($CHMPZ) is redefining giving and passive earnings in the Web3 space after already contributing to charitable organizations making a difference in helping fight deforestation and protecting endangered animals. The project has already raised…

With the Federal Reserve holding its benchmark interest rate at the highest level in 22 years, analysts at Goldman Sachs Group say the “big question” for investors is whether the return to bond yields seen before the global financial crisis of 2008 proves persistent. “For the U.S., we have more…

© Reuters Geely’s Zeekr inches closer to U.S. IPO, may file this week Reuters reports Thursday, citing unnamed sources, that Chinese automaker Geely’s premium electric car brand, Zeekr, is set to publicly release details of its plans this week to list shares on the New York stock exchange (NYSE). According…

By Catarina Demony and Sergio Goncalves LISBON (Reuters) – Portuguese Prime Minister Antonio Costa resigned on Tuesday, hours after prosecutors detained his chief of staff in an investigation into alleged corruption in his administration’s handling of lithium mining and hydrogen projects. Costa, who prosecutors said was the target of a…

The US dollar crisis in Bangladesh has intensified as the open market rate soared to Tk128 per dollar Today, a sharp increase from the rate earlier in the week. Despite the Bangladesh Bank’s (BB) stringent directives and warnings of harsh penalties for non-compliance, banks and money changers continue to bypass…

The oft forecasted Recession hasn’t yet appeared. Has it been avoided (i.e., “soft-landing”)? A look at the growing evidence leads us to conclude that the Recession is coming; we suspect that when the NBER gets around to dating it, this quarter (Q4) will mark its beginning. The first evidence of…

Bitcoin (BTC) Chart / Source: TradingView The Bitcoin (BTC) bulls are taking a breather on Saturday, with the cryptocurrency moving sideways just below the yearly highs it printed earlier this year near $38,000, with BTC last changing hands for around $37,150. The cryptocurrency remains on course to post a strong…

A telltale recession signal on Wall Street hasn’t been this jumpy since the Volcker era some 40 years ago. Paul Volcker, chairman of the Federal Reserve from 1979 to 1987, relied on interest-rate hikes four decades ago to tame high inflation, a similar challenge faced by today’s Fed Chair Jerome…