Category Finance

The U.S. Senate Banking Committee has voted to advance the confirmations of President Donald Trump’s picks to run the Securities and Exchange Commission and the Office of the Comptroller of the Currency — both key positions for the future U.S. regulation of the crypto sector. The nominations of…

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The Fed is in a tough spot. If these tariffs last, it could lead to 5% inflation in the US this year. Now many would argue that’s a temporary shock that policymakers would look thorough but that harkens back to the the ‘Team Temporary’ talk that is a…

All instruments are on the table to respond Perceived trade imbalances do not take into account digital services Indirect consequences of tariffs may lead other countries in Asia to boost exports to Europe The US economy and consumers will become poorer and weaker We will react in organised…

Tech Sector Takes a Dive The US stock market saw a significant downturn today, with the technology sector facing acute pressure. Major players such as Microsoft (MSFT) declined by 2.21%, and Oracle (ORCL) fell by 4.86%, reinforcing concerns about the stability of this sector. Apple’s plunge of 7.89%…

The NASDAQ index is now down -5.42%. That takes the percentage loss to the highest since the 2020 pandemic. In 2022 the index fell -5.16%. In June 2020, the index fell -5.27%. At the start of the pandemic in 2020 the index fell -12.32% on March 16. That…

Ethereum developers set May 7 as the target date for the long-awaited Pectra upgrade on Thursday, beginning the countdown for the blockchain’s biggest changes since March 2024. Pectra contains a series of improvements aimed at making Ethereum more user-friendly and efficient. One such improvement is adding “smart contract”…