US Fed to embark on fastest tightening cycle in recent history, warns Goldman Sachs February 13, 2022 The US Federal Reserve will embark on the fastest tightening of monetary policy in recent history this year to tame runaway stateside inflation, Wall Street analysts are betting. Chair Jerome Powell and co will lead the charge against the soaring cost of living across the pond by hiking interest rates seven times in 2022, according [...]
Stateside inflation climbs to four decade high dialling up pressure on US Fed to go further and faster February 10, 2022 Stateside inflation is running at its hottest rate since the early 1980s, piling even more pressure on the US Federal Reserve to launch a stauncher and faster rate hike cycle. Prices in the US are 7.5 per cent higher than they were a year ago in January, according to fresh figures published today by the [...]
Stablecoins are not the future of payments, says New York Fed Bank February 8, 2022 The Federal Reserve Bank of New York has poured cold water on claims that stablecoins could form the basis of a future digital payments system.
Crypto investment products hit by record outflows February 7, 2022 Crypto investment products have suffered record outflows at the start of 2021 as investors lost their appetite for risk.
Business of Space: Is there anything slowing down space-tech investing? February 5, 2022 This week Orbex files for UK launch licence More than £100m in fresh investment for ICEYE Military eye Isotropic Systems’ landmark tech Orbex applies for licence as UK heads for landmark launches this year The countdown has begun for the UK’s first-ever launches from British soil this year, which has prompted rocket firm Orbex to [...]
US jobs surge by 467,000 in a month beating estimates February 4, 2022 The US added 467,000 new jobs to the payroll in January beating estimates despite business closures caused by Omicron.
Tech stocks in a valley February 4, 2022 Just when Silicon Valley thought things couldn’t get any worse, they did. Meta tanked over 25 per cent on Wall Street yesterday, losing around $200bn (£147bn) in value, dragging the tech-heavy Nasdaq down along with it.
Looking at a metaversal bear market February 3, 2022 Going short, going long, and trying not to catch falling knives around the metaverse, with Dr Chris Kacher.
ECB leaves rates untouched despite record high inflation February 3, 2022 The European Central Bank (ECB) yesterday left interest rates unchanged despite inflation on the Continent running at its highest level ever. The ECB’s decision to leave rates in negative territory was taken despite president, Christine Lagarge, warning the cost of living in the bloc could rise even further. Europe’s central bank’s inertia runs against the [...]
Meta shares plummet as Wall Street tech bubble begins to burst February 3, 2022 Meta, the parent company of social media platforms Facebook and Instagram, said this evening it was expecting current-quarter revenue below Wall Street expectations, as Apple privacy features keeps businesses from opting to advertise on social media sites.