Bank of America Corp (NYSE: BAC) is the best positioned to benefit from the rising rate environment, says Wells Fargo’s Mike Mayo. The U.S. Fed is expected to lift interest rate in each of its r...
Category: Finance
Live Finance News Updates.
Cathie Wood’s Flagship Added $341 Million Just Ahead of Big Gain
(Bloomberg) — Cathie Wood fans are back at it — and this time they got the timing right. Most Read from Bloomberg Dip-buyers rushed into Wood’s flagship exchange-traded fund on Tuesday, ad...
Russia’s largest bank to issue digital financial assets following approval
advertisement Russia’s largest bank, Sberbank, will soon start issuing and exchanging digital financial assets (DFA). The bank announced on Thursday that companies will be able to make transactions on...
Joe Biden launches executive order favoring digital assets
TL;DR Breakdown • US President sees potential in the cryptocurrency industry• Digital Assets could be regulated in North America, and the country would launch its own CBDC In previous days, the presid...
Snoop Dogg Might Be NFTs and Web3’s Visage, But What Impact It Makes On Sector?
Considered by several folks as Wild West, Web3 is decentralized and open-source, and is prompting numerous to seek ways to increase profitability through its features. While investors and some organiz...
Americans are pausing investments because of the Russia-Ukraine war
The ongoing Russia-Ukraine war is degrading Americans’ financial outlook, sparking the desire to save more and postpone investing, according to a survey from MassMutual. But steering clear of st...
Companies raise consumer prices but only sleuths can detect it
Alexanderford | E+ | Getty Images Americans are paying more for a broad swath of household goods these days. Even items without a higher sticker price may still cost more — it’s just hard to not...
Key Allies Buy New F-35s As Pentagon Cuts Program
Time For Congress to debate the F-35 value proposition U.S. Department of Defense As the Cold War faded, the U.S. took a big gamble that the nation would need the advanced F-35 Lightning II fighter-bo...
BoE raises rates again: ‘double-digit inflation is not off the cards’
The Bank of England (BoE) lifted interest rates by another 0.25 percentage point on Thursday, but adopted a more dovish tone on concerns that inflation will remain higher for longer due to the Ukraine...
A Food Crisis Is Looming. This Fertilizer Stock Stands to Gain.
Text size The invasion of Ukraine could be one of the most disruptive events in the food and agricultural supply chain in decades. Louai Beshara/AFP via Getty Images Russia’s invasion of Ukraine, its ...
Mina Ecosystem raises $92 million from Three Arrows, FTX and others
The Mina Ecosystem, a group representing several teams behind the privacy-focused blockchain protocol Mina, has raised $92 million in a token sale and plans to use the funds to attract more software d...
Elona Musk scam tokens flood the market amid gender equality
TL;DR Breakdown Scam Elona Musk tokens named after Elon Musk flood the crypto market. Rugpull crypto scams are on the rise. A rising need for crypto investors to exercise caution during financial trad...
Audi expects war in Ukraine to cause ‘tremendous interference’
DETROIT – Audi expects the war in Ukraine to cause “tremendous interference” to the global supply chain, an executive with the German luxury brand said Thursday. The comments come as autom...
Hedge funds are doubling down on commodities bets with some notching big gains
Some pumpjacks operate while others stand idle in the Belridge oil field on November 03, 2021 near McKittrick, California. Mario Tama | Getty Images (Click here to subscribe to the Delivering Alpha ne...
Mississippi State Fires Ben Howland
FAYETTEVILLE, AR – FEBRUARY 15: Head Coach Ben Howland of the Mississippi State Bulldogs directs … [+] his team during a game against the Arkansas Razorbacks at Bud Walton Arena on Februar...
Warren Buffett reveals another $1.0 billion stake in this oil company
Occidental Petroleum Corporation (NYSE: OXY) is up 9.0% on Thursday after veteran investor Warren Buffett loaded up on $985 million worth of its stock. Buffett’s total stake in Occidental Petrol...
The Federal Reserve just hiked interest rates — here’s the next shoe to drop
The Federal Reserve entering an interest-rate hiking cycle will have ramifications for the U.S. economy over time, stresses former Fed economist Vincent Reinhart. “Mortgages will be a little mor...
Your Favorite Stablecoins Are Now Available to Trade on Phemex » NullTX
When Bitcoin was first created, it was considered a great way to make peer-to-peer transactions. It was touted as a payment method that would allow for more privacy transparency and a way to ease the ...
Ripple price analysis: XRP retests trendline around $0.76, ready to rally?
TL;DR Breakdown Ripple price analysis is bullish today. XRP/USD saw a strong spike lower this morning. Reaction higher seen over the last hours. Ripple price analysis is bullish today as we have seen ...
Leading Mobile FPS Game Call Of Duty Mobile Is Now “Razer Gold”
Top First Person Shooter in mobile gaming, Call of Duty Mobile is now officially available on Razor Gold, where folks can make in-game purchases through it. Razer Gold is most famous cross-platform fo...
Impossible Foods taps top Chobani executive for its new CEO
Impossible Foods CEO Pat Brown in 2019 Robyn Beck | AFP | Getty Images Impossible Foods founder Pat Brown is stepping down as CEO, and Chobani’s departing operating chief, Peter McGuinness, will...
Hamas Bans Forex Trading amid Growing Complaints of Fraud
The Hamas government in Gaza has reportedly banned trading in the Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses ...
JPMorgan Processed Russia Bond Payments, Sent Money to Citi
(Bloomberg) — JPMorgan Chase & Co. has processed funds that were earmarked for interest payments due on dollar bonds issued by the Russian government and sent the money on to Citigroup Inc.,...
The Benefits of Running Your Company as a DAO » NullTX
Decentralized autonomous organizations (DAOs) are seen by many as the future of businesses. Every day, we see different companies coming out to relaunch and give their customers a bigger piece of the ...
Paris Hilton To Shake Hands And Then Floor In Sandbox
Paris Hilton is a huge NFT fan, and has joined forces with Sandbox platform, alongside other famous celebrities, and is about to spin some tunes. Paris Hilton is at number 7 on Fortune nfty-50’s most ...
P&O Ferries sacks 800 staff and suspends sailing, says not sustainable
Three P&O Ferries, Spirit of Britain, Pride of Canterbury and Pride of Kent moor up in the cruise terminal at the Port of Dover in Kent as the company has suspended sailings ahead of a “majo...
On Eve Of NWSL Challenge Cup, Business Has Picked Up For Gotham FC
Keli Callaghan, Chief Marketing Officer, Algorand and Andrea Pagnanelli, Chief of Business … [+] Operations, Gotham FC. Photo courtesy of Gotham FC. The good news keeps coming for Gotham FC as t...
Pro: ‘three more years of a bull market is possible’
The U.S. stocks remain volatile on Thursday after the Fed Chair Jerome Powell announced a 25 basis points increase in interest rate in response to inflation that climbed to 7.9% in February. LPL&rsquo...
Citi Promoted Stuart Staley to Global Co-Head of Foreign Exchange
Citi announced that it has promoted Stuart Staley to Global Co-Head of Foreign Exchange. In an article recently shared with Finance Magnates, Stuart Staley, an executive veteran with more than thirty ...