Kickstarter, Discord and others are raving about ‘Web3.’ Their users give them a reality check
Chris Ratcliffe | Bloomberg | Getty Images When Kickstarter unveiled its ambition to develop a blockchain-based crowdfunding system, the company characterized the move as a way to push creators closer to their audiences. “Backers should be able to easily discover...
Chinese electric car start-up Nio reveals a new sedan, augmented reality glasses
Nio’s et5 electric sedan is set to begin deliveries in Sept. 2022. Nio BEIJING — Chinese electric car company Nio revealed Saturday a new sedan and custom augmented reality (AR) glasses that reduce the need for in-car screens. Augmented reality...
Dollar Stands Tall after A Week of Central Bank Surprises
It was a very volatile week full of central bank surprises. Fed indicated that there would be as many as three rate hikes next year. BoE surprised by raising the Bank Rate. Even ECB turned out to be less dovish...
Weekly Economic & Financial Commentary: Hawkish Fed Steals the Show
Summary United States: Hawkish Fed Steals the Show, but Supply Issues Persist Behind the Scenes The more hawkish tone coming out of the Fed’s latest policy meeting was the main event grasping markets’ attention this week. But in other news,...
Week Ahead: Omicron in Focus as Holidays Begin
The last two weeks of the year are typically reserved for holidays and slow markets as much of the world is away from their desks after wrapping up the year. Indeed, many market participants finished trading a bit early this...
What Does Surprise BOE and Less Dovish ECB Mean for US Dollar Index (DXY)?
The Bank of England surprised markets AGAIN on Thursday with a hike in interest rates to 0.25%. (Recall at their last meeting they left rates unchanged when a hike was expected.) In addition, the ECB was slightly less dovish as...
Week Ahead – The Festive Season is Upon Us
Will markets coast into the new year? Last week was action-packed, dominated by major central bank announcements that in many cases represented a change of direction as we head into 2022. From supporting the economy through the pandemic to reining...
Lost work due to omicron? What to know about unemployment benefits
Pedestrians stand in line at a Covid-19 mobile testing site at Columbus Circle in New York, on Dec. 5, 2021. Jeenah Moon/Bloomberg via Getty Images Covid cases are spiking in some parts of the U.S., and the highly contagious omicron...
The Weekly Bottom Line: Slaying the Inflation Dragon
U.S. Highlights Evidence of accelerating price pressures continued to trickle in this week. Producer prices accelerated to 9.6% year-on-year in November. This was accompanied by an elevated share of small businesses raising prices (+6 points to 59%). After a strong...
Weekly Focus – Central Banks Choose the Hawkish Path
Central banks were in the spotlight this week, and the general outcome was on the hawkish side. The Federal Reserve brought its forward guidance more in line with what markets and analysts had already been expecting, signalling an end to...