Latest Market News
Zhu, whose whereabouts had been unknown for weeks, delivered an affidavit that disputed Teneo claims and elucidated the internal structure of the failed hedge fund. 592 Total views 11 Total shares According to a document seen by Bloomberg, Zhu delivered the affidavit in person on Aug. 19. In it, Zhu states that Teneo “had not […]
The Dow skid 1,008 points on Friday, marking its biggest pullback in more than three months, as stocks sold off sharply after Federal Reserve Chairman Jerome Powell warned of the pain to households and businesses to come as the central bank works to bring inflation back to its 2% target. The Dow Jones Industrial Average […]
Oil futures settled higher on Friday, contributing to a gain for the week. Oil prices continue to “look reasonably underpinned given this week’s commentary from OPEC about the prospect of production cuts … but with recession concerns rising, fears over demand destruction do appear to be increasing,” said Michael Hewson, chief market analyst at CMC […]
The stock-market selloff was intensifying Friday afternoon following Federal Reserve Chairman Jerome Powell’s terse speech at Jackson Hole vowing to fight inflation until the battle has been won by bringing the annual cost of living back down to the central banks’s 2% target. The Dow Jones Industrial Average DJIA, -3.03% was down 740 points, or […]
Algorithmic stablecoin USDN fell to $0.90, marking the fourth time that it failed to defend its dollar peg in 2022. 2347 Total views 64 Total shares As the crypto community tries to navigate the bear market and recover from the onslaught brought about by stablecoin incidents like the Terra crash, another algorithmic stablecoin shows signs […]
Losses in the U.S. stock market have steepened in the final hour of trading on Friday, with the Dow Jones Industrial Average DJIA, -3.03% down more than 880 points as investors digest hawkish remarks made by Federal Reserve Chair Jerome Powell this morning at the Jackson Hole economic symposium. The Dow was down around 2.7% […]