China’s factory deflation steepens as demand wanes
By Joe Cash BEIJING (Reuters) – China’s factory gate prices fell at the fastest pace in seven years in May and quicker than forecasts, as...
Fed Seen Ending Its 15-Month Hiking Campaign in Economist Survey
(Bloomberg) — Most economists expect the Federal Reserve to pause interest-rate increases next week for the first time in 15 months and leave policy on...
AI Frenzy Stalls as Tech Stocks See First Outflows in Two Months
(Bloomberg) — The AI frenzy that has driven massive inflows into tech stocks is marking a pause, Bank of America Corp. says. Most Read from...
IMF urges Fed, central banks to keep tightening to reduce inflation
WASHINGTON (Reuters) – The International Monetary Fund on Thursday urged the U.S. Federal Reserve and other global central banks to “stay the course” on monetary...
Bitcoin Liquidity Worsens on Crypto Exchange Binance.US After SEC Suit
(Bloomberg) — Liquidity on one of the most prominent crypto exchanges has worsened in the wake of head-turning regulatory actions by US officials. Most Read...
A New Crypto Banking System Arises Under the Shadow of a Regulatory Crackdown
(Bloomberg) — Two months after the collapse of Silvergate Capital Corp. and Signature Bank, a new banking landscape for crypto companies is taking shape amid...
Binance.US halts dollar deposits, Robinhood delists tokens after SEC crackdown
June 9 (Reuters) – The U.S. affiliate of Binance said it was halting dollar deposits, while trading platform Robinhood Markets (HOOD.O) said it was delisting...
Costco Execs Warn of Looming Recession Because of One Change Shoppers Are Making to Their Buying Habits
jetcityimage / iStock.com In times of economic struggles, Americans tend to change their shopping habits. The “lipstick effect,” where people will continue splurging on smaller...
Argentina unveils new 2,000-peso bill as inflation bites – DW – 06/09/2023
Alejandro Rebossio 19 hours ago19 hours ago The new note, which will be worth $11 or €10.2 officially, comes after consumer prices jumped by nearly...
3 Reasons Why Countries Devalue Their Currency
Currency devaluation is an economic policy by a country’s government to weaken the value of its currency. Ever since world currencies abandoned the gold standard...