Latest Market News

Jul 01
Investment Bank Outlook 01-07-2022

Credit AgricoleCHF: no denying parity no more EUR/CHF dipped below parity yesterday for the first time since 7 March, as prior to that such levels had not been seen since January 2015 and the aftermath of the floor removal. Three months ago, the pair was quick to reverse higher as the SNB possibly lent a […]

Jul 01
Worst quarter in 11 years as Bitcoin price and activity plunges

Quarterly returns on Bitcoin haven’t been this bad since it was trading under $20 in the early days of Mt. Gox, but the stock market isn’t faring so hot either. 3457 Total views 8 Total shares Bitcoin (BTC) has seen its worst quarterly loss in 11 years with price and activity on the blockchain both […]

Jul 01
Facebook’s Meta warns of engineer job cuts, sharp downturn ahead: report

Facebook owner Meta is bracing for a sharp downturn, with plans to cut 30% of engineer jobs this year, Chief Executive Officer Mark Zuckerberg told employees on Thursday, Reuters reported. “If I had to bet, I’d say this might be one of the worst downturns that we’ve seen in recent history,” Zuckerberg said during a […]

Jul 01
Ethereum fork a success as Sepolia testnet gears up to trial the Merge

The difficulty bomb has been successfully delayed according to core dev Tim Beiko and Ethereum ecosystem developer Nethermind. 1200 Total views 7 Total shares The difficulty bomb-delaying Gray Glacier hard fork went live on Ethereum on Thursday without a hitch according to the network’s core devs including Ethereum Foundation’s Tim Beiko. The Sepolia testnet is […]

Jul 01
FedEx cut to hold from buy at Berenberg, amid ‘cloudy macroeconomic outlook’

FedEx Corp. FDX, -3.04% was downgraded to hold from buy, and its price target cut to $275 per share from $300 by Berenberg analysts, who said the shipping giant had become “too much of a ‘show-me story. Shares had seen a recent reprieve amid a CEO change and apparent influence of an activist investor, analysts […]

Jul 01
Central Bank of Ireland hosts inaugural meeting of the Climate Forum and publishes Sustainable Investment Charter

Climate Forum will meet twice yearly and brings together climate change experts, industry representative bodies, regulated firms, and Central Bank representatives. Central Bank also publishes its first Sustainable Investment Charter. Charter provides a guide to apply sustainable investment principles to the Central Bank’s investment assets. The Central Bank of Ireland has hosted the inaugural meeting […]