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Tag: Shock
South Korean President Change of Plan On Blockchain-based Gaming Had Developers In Shock
South Korean leadership has deviated from its plan on blockchain-based gaming. President Yoon Suk-Yeol has banned blockchain-based gaming in the domestic market. A professor of gamification Kim Jung-...
Shock inflation data may push Fed towards historic rate increase: Strategist
Another 40-year high in inflation has may leave no choice for the Federal Reserve but to hike interest rates by a 100 basis points at its July 27 policy meeting, pros are beginning to say. “I th...
Bank of Canada’s Shock 100-Basis-Point Hike Is Most Since 1998
(Bloomberg) — The Bank of Canada hiked interest rates by a full percentage point, a surprise move that supercharges efforts to withdraw stimulus amid fears four-decade-high inflation is becoming...
Bitcoin Flashing Multiple Bottom Signals After Massive Systemic Shock, According to ARK Invest Analyst
Bitcoin (BTC) is flashing multiple bottom symbols, according to Yassine Elmandjra, an analyst at ARK Investment Management. Elmandjra notes BTC is trading below its 200-week moving average (MA) short ...
Shock Bankruptcy Shows The Dark Side Of Tech SPACs
Tthe store’s going out of business sale. (Photo by Robert Alexander/Getty Images) Getty Images The stock market remains in a funk, yet the cause is not what most investors believe. A valuation b...
Stock Market Faces Earnings Shock as Economy Falters
(Bloomberg) — Don’t let optimism among equity analysts fool you: Earnings forecasts are likely to be slashed as spiraling inflation and rising interest rates put the brakes on spending. Most Rea...
OpenSea Ethereum, Polygon report card for June; stats might shock you
While NFT enthusiasts continue to bask in the euphoria of the 2021 boom in the ecosystem, the general downturn of the cryptocurrency market continued to affect the sales volume of NFTs in the last few...
BofA Says Brace for Recession Shock After Worst Rout in 52 Years
(Bloomberg) — A “recession shock” begins for markets following the worst first-half for the S&P 500 in more than 50 years, Bank of America Corp.’s Chief Investment Strategist Michael Hartnet...
Shiba Inu Shock Investors: Regain 14th Position, Surge 23% In Hours, Eliminates A Zero From Price
– Advertisement – Shiba Inu shocks investors as it rallies over 20% in hours. Shiba Inu (SHIB) has shown the crypto world that it is in no mood to remain in the dust, as it records a sign...
Stocks are still too expensive and rising rates may shock financial system, Seth Klarman warns
Investment legend Seth Klarman went back to his roots at the Harvard Business School to declare that the stock market is still too pricey even with its slide this year. “You’ve got a stock market that...
Billionaire investor Jeffrey Gundlach: Bitcoin dropping to $10K won’t be a shock
Billionaire investor Jeffrey Gundlach says it would not be surprising for Bitcoin (BTC) to drop to price levels around $10,000. The American businessman, founder of investment firm DoubleLine Capital ...
Wall Street contemplates a shock decision from the Fed
A hotter-than-expected read on inflation is testing the Federal Reserve’s resolve on the pace of its planned interest rate increases. In the face of inflation rising at a pace unseen since the 1980s, ...
Dow futures slump nearly 600 points as second day of selling in store after inflation shock
U.S. stock futures looked set to break below the lows of May, as financial markets continue to reel from a surprise acceleration in inflation just days ahead of a Federal Reserve interest-rate decisio...
Treasury Two-Year Yield Surges as CPI Shock Spurs Fed Repricing
(Bloomberg) — Yields on benchmark Treasury two-year notes surged again Monday as Friday’s US inflation surprise spurred investors to price in more aggressive Federal Reserve rate hikes. Most Rea...
The economic shock hitting the housing market is getting bigger—6% mortgage rates look close
The good news: The Federal Reserve has the instruments necessary to rein in runaway inflation. The bad news: Those instruments are, well, blunt and will hit some sectors harder than others. Among the ...
Dow tumbles as inflation reading triggers market shock waves: What investors need to know
From Wall Street to Main Street, fears that the U.S. economy could be sliding into 1970s-style “stagflation” have been percolating. References to the sticky situation appeared in news headlines all we...
CPI Inflation Rate Shock Jolts Fed Policy Outlook; Dow Jones Tumbles
The consumer price index came in hotter than expected in May, as the CPI inflation rate eclipsed March’s 40-year peak. Following Thursday’s stock market rout, the Dow Jones fell sharply a...
Shock And Awe: Bitcoin Lightning Network Capacity Reaches New ATH
The adoption of the bitcoin lightning network has been on the rise for a while now. This was especially pronounced during the multiple bull rallies of 2021. It triggered an accelerated rate of adoptio...
Oil Shock Devastates Poorer Nations as Shortages, Protests Mount
(Bloomberg) — Developing nations are suffering the biggest hit from this year’s oil shock. Many are dependent on imported fuel and are being crushed by a combination of high international prices...
First Quarter Retail Earnings Fail a Predictable “Shock”
First Quarter Retail Earnings Fail a Predictable “Shock” getty Earnings reports from the nation’s largest retailers for the first quarter recently spooked Wall Street into a broad collapse. Executives...
Why China will likely recover more slowly from the latest Covid shock
As Shanghai tries to reopen businesses, one downtown district over the weekend banned residents from leaving their apartment complexes again for mass virus testing. Pictured here, in another district ...
A $5 Trillion ‘Wealth Shock’ Is Cracking Americans’ Nest Eggs
(Bloomberg) — The world’s richest nation is waking up to an unpleasant and unfamiliar sensation: It’s getting poorer. Most Read from Bloomberg Americans’ collective net worth had been climbing a...
Biden ‘Endorsed’ Fed ‘Shock Therapy’—Why The $1 Trillion Bitcoin, Ethereum And Crypto Price Crash Could Be Just Getting Started
Bitcoin BTC and cryptocurrency prices have been hit by an almighty sell-off this month, wiping around $1 trillion from the crypto market since early April—though Elon Musk surprised some by signaling ...
Are Cryptocurrencies Worthless? The answer might shock you…
The discussion among investors has existed since the pseudonym Satoshi Nakamoto created the first cryptocurrency, Bitcoin, in 2009. Are cryptocurrencies worthless or a good investment? After cryptocur...
Vanishing Value Trade Puts Emerging Markets at Risk of Fed Shock
(Bloomberg) — The Federal Reserve’s most aggressive policy tightening in two decades is sucking emerging markets into a “sell everything” slump, not even sparing assets that should do well when ...
Amidst Ethereum’s deflationary shock, gas fees reach startling levels
The launch of NFT virtual land deeds for Yuga Labs’ Otherside, based on the Bored Ape Yacht Club- remained the largest NFT drop to date. It yielded over $900 million in total sales volume as a roaring...
Ethereum Price is RISKY! What happens next should NOT shock you
Ethereum price broke the strong psychological price of $3,000 and is currently trading lower. However, the strong consolidation area for Ether does not lie at that 3k area, but slightly lower around $...
End of Easy Money Brings a $410 Billion Global Financial Shock
(Bloomberg) — The global shift away from easy money is poised to accelerate as a pandemic bond-buying blitz by central banks swings into reverse, threatening another shock to the world’s economi...
‘Doom Loop’—Crypto Exchange Founder Suddenly Flips With Shock Bitcoin Price Prediction As Ethereum, BNB, XRP, Solana, Cardano, Luna, Avalanche And Dogecoin Crash Back
Bitcoin BTC and cryptocurrencies have swung wildly over the last week amid serious price warnings and dogecoin Twitter hype. Subscribe now to Forbes’ CryptoAsset & Blockchain Advisor and suc...
Here’s Why A Ethereum (ETH) Supply Shock May Be On Its Way
Despite struggling prices, Ether (ETH), the native token of the Ethereum blockchain, has continued to move massively on-chain. In the last few hours, 20,000 ETH (worth around $57.3 million) was transf...
Fed’s Mester casts doubt on the need for ‘shock’ interest rate hikes ahead
Cleveland Federal Reserve President Loretta Mester said Friday she’s in favor of raising interest rates quickly to bring down inflation, but not so quickly as to disrupt the economic recovery. T...