Day: July 23, 2022

Jul 23
Coronavirus tally: U.S.COVID cases and hospitalizations are climbing as BA.5 takes hold

U.S. COVID cases and hospitalizations are rising again to the highest seen this summer so far, as the BA.5 omicron subvariant becomes dominant. BA.5 is understood to be the most transmissible variant seen so far and to have an ability to break through vaccination and cause reinfection. BA.5 accounted for more than 53% of global […]

Jul 23
Crypto market cap climbs 15% in a week following Ethereum Merge date revelation

It has been a volatile yet positive week for cryptocurrencies, as traders ignored the warnings from crypto winter veterans that there was more downside in store and jumped back into the market at the first sign of rising prices.  Evidence for the reversal in sentiment can be found in the Crypto Fear & Greed Index, […]

Jul 23
GameStop starts split-adjusted trading with a near 2% gain

Shares of GameStop Corp. GME, -6.74% rallied 1.9% in premarket trading Friday, which implies a price of just above $39 as the videogame retailer and “meme” stock has started trading on a split-adjusted basis. The split was first announced in March, and the 4-for-1 ratio for the split was announced on July 6. Just ahead […]

Jul 23
Bitcoin dips to $22.6K, risking further losses if it fails to hold above 200-week MA

BTC price slides back below its 200-week moving average as analysts stress the importance of staying above $22,800 for bullish momentum to continue. 9264 Total views 28 Total shares The mood across the cryptocurrency ecosystem is noticeably brighter on July 22 after a week of gains helped traders put the events of the past two […]

Jul 23
HCA Healthcare profit falls but beats expectations, stock gains

Shares of HCA Healthcare Inc. HCA, +11.43% gained 0.6% in premarket trading Friday, after the hospital and ambulatory sites operator reported second-quarter profit that fell from a year ago, amid labor market and inflation challenges, but beat expectations. Net income declined to $1.16 billion, or $3.90 a share, from $1.45 billion, or $4.36 a share, […]

Jul 23
Higher real income growth, reduced spending and precautionary savings contributed to significant increase in Irish household deposits during the pandemic

Central Bank Economic Letter finds that, while household deposits increased across all euro-area countries during the pandemic, Irish deposit growth was among the highest, exceeded only by Baltic countries. Unlike Ireland, these countries had very high pre-pandemic deposit growth, marking the Irish experience as exceptional. While the virus and related restrictions reduced spending, a higher […]

Jul 23
Challenges and opportunities for a financial services ecosystem in transition – Makhlouf

Governor of the Central Bank of Ireland Gabriel Makhlouf spoke this afternoon about current trends in the Irish, German and Eurozone economies, as well as opportunities and challenges in the financial system at an event hosted by the Consulate General of Ireland and IHK Frankfurt, in partnership with Verband der Auslandsbanken in Frankfurt, Europa Union […]

Jul 23
Remarks by Governor Gabriel Makhlouf at Consulate General of Ireland and IHK Frankfurt event

It is a pleasure to address you today. I would particularly like to thank our Consul General Anne-Marie Flynn for organising this event.1 German – Irish economic relationship Ireland and Germany have excellent relations, politically, culturally and economically. These relations have been documented as far back as the 7th century.   When reading about the relationship, […]

Jul 23
Transcript of Governor Gabriel Makhlouf’s interview with Niall Brady, The Sunday Times

Interview with Governor Makhlouf conducted 16 June 2022 Niall Brady: Okay, well listen thanks again for taking the time to talk to me.  You had a very busy week, from what I see yesterday was a busy day for you.  Gabriel Makhlouf: I’ve had a busy fortnight.  Niall Brady: Really?  Why a busy fortnight Gabriel […]

Jul 23
Central Bank Governor visits Tipperary to meet businesses and students

Governor of the Central Bank of Ireland Gabriel Makhlouf met with businesses and students from Tipperary yesterday during his day-long visit.  Governor Makhlouf met with local entrepreneurs, staff and Government agencies at Tipperary Technology Park, where conversations included the importance of local digital hubs and local economic development in a hybrid working world recovering from […]