The Federal Reserve on Wednesday enacted a quarter percentage point interest rate increase, expressing caution about the recent banking crisis and indicating that hikes are
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Tag: Markets
XRP cryptocurrency jumps as investors hope Ripple will win legal battle with the SEC
A visual representation of the digital cryptocurrency, XRP. S3studio | Getty Images The XRP cryptocurrency soared on Wednesday as investors grew hopeful that Ripple, a
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Goldman Sachs is using ChatGPT-style A.I. in house to assist developers with writing code
The Goldman Sachs logo displayed on a smartphone. Budrul Chukrut | Sopa Images | Lightrocket | Getty Images Goldman Sachs is experimenting with generative AI
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DCG-owned crypto exchange Luno replaces CEO, seeks outside investment after layoffs
LONDON — The CEO of cryptocurrency exchange Luno is stepping aside and handing the reins to its head of operations, the company announced Wednesday. It
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Euro pushes higher as ECB chief Lagarde says inflation is still too high
European Central Bank (ECB) President Christine Lagarde announces a new monetary policy decision. Frederick Florin | Afp | Getty Images The euro traded higher against
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Everyone’s talking about Credit Suisse’s risky bonds. Here’s what they are and why they matter
A sign of Credit Suisse bank is seen on a branch building in Geneva, on March 15, 2023. Fabrice Coffrini | AFP | Getty Images
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UK inflation rate breaks 3-month stretch of declines with surprise rise to 10.4%
U.K. inflation data paints a picture of the British economy. Bloomberg / Contributor / Getty Images U.K. inflation unexpectedly jumped in February, as food and
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‘Inundated with requests’: Digital currency firms look to Swiss banks after crypto-friendly lenders fail
Switzerland has created what they dub “Crypto Valley” in the region of Zug. Nurphoto | Nurphoto | Getty Images Crypto firms are scrambling to find
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The Fed is likely to hike rates by a quarter point but it must also reassure it can contain a banking crisis
U.S. Federal Reserve Chair Jerome Powell addresses reporters after the Fed raised its target interest rate by a quarter of a percentage point, during a
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Credit Suisse bondholders prepare lawsuit after contentious $17 billion writedown
A sign of Credit Suisse bank is seen at their headquarters in Zurich on March 20, 2023. Fabrice Coffrini | AFP | Getty Images A
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