The banking crisis continues in the US as another regional American bank shuts shop.
Monday, November 6, 2023
US Banking Crisis: Citizens Bank closed, FDIC appointed as receiver
Sunday, September 10, 2023
The Dollar Index Approaches 105 Amidst Surging US Bond Yields: A Sign of Trouble Ahead?
As US bond yields climb and dollar index nears 105: A sign of trouble ahead?
In September, the US Dollar Index once again approached the 105 level, and the yield on 10-year Treasury bonds briefly rose above 4.3%. Optimism around the US economic outlook and the Treasury Department's larger-than-expected bond issuance for H2 2023 have been the key factors driving both the US dollar and 10-year yields higher in recent weeks. Underlying support for the US dollar and bond yields looks strong, but momentum is running out of steam and a stabilization period is expected to ensue over the coming months.
Cannabis, Indian and Japanese Strategies Soar Amidst a Volatile Market
The shortened trading week due to the Labor Day holiday saw light data and low trading volumes.
Despite some positive data, U.S. stocks trended lower for much of the week, amid signs that the economy was starting to cook once again. Weekly initial jobless claims fell and came in at 216,000 for the week ending September 2, one of the lowest readings since the pandemic and showed that businesses were still hiring at a fevered pace. The ISM Services PMI unexpectedly surged to 54.5 in August, marking the strongest growth in the services sector in over six months. August's reading reversed the dip seen in July and also came in higher than the forecasted number of around 52.5. This sent stocks lower due to fears the Fed would keep its pace of interest rate hikes going for the foreseeable future. However, on a bright note, the announcement of an IPO for British chip-maker ARM, with a valuation of $52 billion, kept tech stocks higher on the week.
Monday, December 26, 2022
Visa Proposal Would Bring Ethereum Users One Step Closer To Being Their Own Bank
Credit giant VisaV +0.4% today released a proposal that would let owners of the ether cryptocurrency set up automatic payments directly from their own, self-custodial wallets, a proposal that would not require banks or other centralized entities to be part of the picture.
PayPal and MetaMask team up to make it easier to buy crypto
PayPal is primarily known as an online payment method. But the company wants to become an easy way to get started with cryptocurrencies. In that regard, ConsenSys, the company behind MetaMask, announced that it would add an integration in its crypto wallet so that users can buy cryptocurrencies using their PayPal account.
Saturday, December 3, 2022
ApeCoin geo-blocks US stakers, two Apes sell for $1M each, marketplace launched
The U.S. made the list of regions blocked from using an upcoming website for ApeCoin staking with the related DAO claiming regulations are to blame.
Read more...
https://cointelegraph.com/news/apecoin-geo-blocks-us-stakers-two-apes-sell-for-1m-each-marketplace-launched
Tuesday, April 12, 2022
Why You Should – or Should Not – Care About the Yield Curve
There's plenty for investors and observers of the U.S. economy to worry about these days: inflation spiking at the highest pace in 40 years, a land war on the continent of Europe, an aggressive Federal Reserve hiking interest rates and political deadlock in Washington.
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