Payments start-up Checkout.com poaches Meta crypto exec to lead product strategy
Checkout.com has hired Meta executive Meron Colbeci as its new chief product officer. Checkout.com LONDON — Checkout.com, a $15 billion payments start-up based in Britain, has hired Meta executive Meron Colbeci as its chief product officer. Colbeci joined Meta, the...
Gold Back above 1800, EUR/USD Still Ranging in Mixed Markets
Overall markets are rather mixed so far, as guided by the volatile risk sentiment. There is no clear follow through moves in the markets. Sterling is the strongest one for the week so far, after the surprised BoE rate hike....
Biden signs debt ceiling increase, preventing first-ever U.S. default
U.S. President Joe Biden speaks prior to signing an executive order intended to reduce bureaucracy around government services for the public, in the Oval Office at the White House in Washington, U.S., December 13, 2021. Evelyn Hockstein | Reuters President...
Former U.S. Treasurer on the economy: ‘I’m much more optimistic about 2022’
Count former U.S. Treasurer Rosie Rios among the experts who sees brighter days ahead for the U.S. economy. If she’s right, it could mean good news for businesses and shoppers. “I’m much more optimistic about 2022 than I was about...
Engine No.1 CEO Jennifer Grancio on the firm’s new approach after winning the battle against Exxon
(Click here to subscribe to the new Delivering Alpha newsletter.) Engine No. 1 was founded a year ago this month, and since then, has made a splash in the investing world. Most notably, the ESG-oriented investment firm took on Exxon Mobil in...
Euro Gains Ground after ECB
ECB to wind up PEPP, increase APP The euro has extended its gains and touched 1.1360 earlier, its highest level in December. This follows the ECB policy meeting earlier today. In the North American session, EUR/USD is trading at 1.1332,...
EURCHF Raises Bullish Odds above 20-SMA
EURCHF is determined to improve its fortunes above the 20-day simple moving average (SMA) for the first time since mid-September, with the price crawling as high as 1.0465 in mid-European trading hours on Thursday following the plunge to a six-year...
ECB Reduces PEPP Purchases, Upgrades Inflation forecasts
The ECB meeting came largely in line with expectations. While leaving the policy rates unchanged, the members confirmed that the PEPP program would end in March 2022. Meanwhile, they have extended the reinvestment process and topped up the APP program,...
Fed Struck a More Hawkish Tone; BoE Raises Interest Rates
Fed catches up with inflation; BoE raises interest rates On Wednesday, the Fed struck a more hawkish tone, doubling its tapering pace and signaling three rate hikes for 2022. However, the US dollar quickly erased early gains closing the day...
Weekly jobless claims total 206,000, higher than expected and above pandemic low
Jobless claims were higher than expected last week after previously hitting their lowest level since 1969, the Labor Department reported Thursday. Initial filings for unemployment insurance for the week ended Dec. 11 totaled 206,000, above the 195,000 Dow Jones estimate...