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Oil Prices Hover Near 8-Mth Low as Recession Fears Dent Outlook

GDP
168 views 2 mins

Oil prices held near eight-month lows on Monday after falling sharply last week as markets feared that slowing global economic activity will dent demand for crude. Anderson-traded Brent oil futures rose 0.3% to $85.29 a barrel, while U.S. West Texas Intermediate futures were unchanged at $78.67 a barrel by 21:30 ET (01:30 GMT). Both contracts […]

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BOJ Holds Ultra-Low Interest Rates Despite High Inflation, Fed Pressures

Economic News
172 views 2 mins

The Bank of Japan (BOJ) held its benchmark interest rates at ultra-low levels on Thursday, as expected, citing the need for accommodative monetary policy amid continued headwinds from rising commodity prices and the aftermath of the COVID-19 pandemic. The world’s third-largest central bank held its short -term policy interest rate.  at negative 0.1% after a […]

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Asian Stocks Slammed by Fed Rate Hike Risks

Stock
159 views 3 mins

Asian stock markets sank on Wednesday, tracking overnight losses on Wall Street as investors awaited an interest rate hike and more hawkish signals from the Federal Reserve. Hong Kong’s technology-heavy Hang Seng index continued to lag behind its peers, falling 1.5%, while Japan’s Nikkei index lost 1.3%. The day’s losses also negated a soft rebound […]

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10-year yields highest since 2011 before expected Fed rate hike

Economic News
144 views 28 secs

Benchmark 10-year U.S. Treasury yields jumped to their highest level since 2011 on Monday as investors adjusted for the likelihood that the Federal Reserve will hike rates higher and for longer than previously expected as inflation remains near multi-decade highs. Data last week showed higher-than-expected consumer prices in August, dashing hopes that the worst of […]

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Dow Futures Tick Higher After Indices Post Their Worst Week Since June

Uncategorized
153 views 42 secs

U.S. stock futures were trading slightly higher during Sunday’s evening deals, after major benchmark indices posted their greatest weekly losses in 3 months, with investors remaining cautious amid persistent inflation fears ahead of Federal Reserve’s two-day meeting and rate decision later this week. By 7:10pm ET (11:10pm GMT) Dow Jonas Futures and S&P 500 Futures […]

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Will Mining Die With Ethereum 2.0?

Economic News
153 views 5 mins

The crypto community is celebrating the coming of Ethereum 2.0, however, there are also concerns for miners. Since Ethereum has switched to a proof-of-stake model, Ether  will no longer be necessary. Due to this, mining machinery will become obsolete, leaving miners with fewer options. Where Will Ethereum Miners Go From Here? The Ethereum mining industry has flourished and thrived just like […]

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Oil prices and financial markets brace for recession

Economic News
165 views 6 mins

U.S. economic data remains strong but a range of financial indicators point to a sharp slowdown over the next year that would dampen oil consumption and lead to lower prices. The apparent contradiction between the real economy and financial markets has puzzled some commentators but is normal around a peak in the business cycle. Economic […]

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Japan set to waive some visa requirements in October to boost tourism

Economic News
167 views 24 secs

Japan is expected to waive visa requirements for certain tourists and remove a limit on daily arrivals in October as it aims to benefit from a rebound in global tourism, Nikkei reported on Thursday. Following the change, Japan will not require visas for short-term travelers from the United States and certain other countries and will scrap the daily entry cap […]