Curious times as fragile banks and ‘the Jim Cramer effect’ allow Bitcoin to shine March 17, 2023 Jason Deane raises concern over the state of US banks and curious coincidences that are driving the price of Bitcoin upwards.
First Republic: US stocks rally after 11 banks including JP Morgan, Citi and Goldman stump up $30bn in rescue effort March 17, 2023 US stocks rallied on Thursday after a group of big banks offered a lifeline to the bank that investors had zeroed in on in their hunt for the industry’s next victim. The S&P 500 jumped 1.8 per cent for its best day in nearly two months after 11 of the biggest banks said they would [...]
A decentralised world brings economic efficiency, economic proficiency, stability, and peace of mind – Part 2 March 16, 2023 In part two of Dr Chris Kacher's overview of what a decentralised world holds, he examines the power of what a DAO can do.
Credit Suisse and European bank stocks tumbling: How bad is it? March 15, 2023 Credit Suisse and a host of other European stocks have all suffered significant falls in Tuesday morning trading. The embattled Zurich lender took a blow after the chair of the Saudi National Bank, its largest shareholder, said he would not put additional capital in the firm if required. That built on further concerns in the [...]
FTSE 100 close: London index claws back Silicon Valley Bank induced losses as HSBC soars March 14, 2023 London’s FTSE 100 surged today, arresting the sharp declines notched yesterday as it was caught up in a global market sell off driven by investors’ fretting over the impact of Silicon Valley Bank (SVB) collapsing. The capital’s premier index gained 1.17 per cent to close at 7,637.12 points, while the domestically-focused mid-cap FTSE 250 index, [...]
Silicon Valley Bank: how has the US rescue differed from the UK… and is it a bailout? March 14, 2023 US regulators moved to insure customers' deposits and steady the sector after Silicon Valley Bank collapsed.
US inflation tumbles to lowest level since September 2021 but price pressures complicate Fed rate decision March 14, 2023 US inflation has dropped to the lowest level since September 2021, but underlying price pressures are still sticking around, complicating the Federal Reserve’s rate decision next week, official figures out today show. The rate of price growth in the world’s largest economy trimmed to six per cent over the year to February, down from 6.4 [...]
Bitcoin pushes past $24k as US financial system continues to navigate banking woes March 14, 2023 Bitcoin (+9%) posted a three-week high of $24,550 yesterday and is trading at $24,321 this morning, up more than 8% over seven days.
FTSE 100 close: Silicon Valley Bank collapse drags London index into red despite HSBC sale March 13, 2023 London’s FTSE 100 was dragged down into a global market sell off today driven by fears over how far the effects of the collapse of tech-focused Silicon Valley Bank could ricochet through the financial system. The capital’s premier index slid more than two per cent to close at 7,548.64 points, while the domestically-focused mid-cap FTSE [...]
Ukraine war: Top UN officials host Russian envoys in bid to extend grain export deal March 13, 2023 Senior UN officials have hosted Russian envoys in Geneva in a bid to extend an export agreement amid Moscow’s invasion of Ukraine and to prevent a potential new spike in world food prices. Despite being at war, Ukraine and Russia struck a deal last July that allows Ukraine – one of the world’s key breadbaskets [...]