Forex news, Company news, Analysis

FTX signs a deal giving it the option to buy crypto lender BlockFi

Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, at the Bitcoin 2021 conference in Miami, Florida, on June 5, 2021.Eva Marie Uzcategui | Bloomberg | Getty ImagesFTX has signed a deal ...
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The S&P 500 just had its worst first half in more than 50 years, which ‘stressed’ this classic investment strategy

Stock trader on the floor of the New York Stock Exchange.Spencer Platt | Getty Images News | Getty ImagesThe S&P 500 Index, a barometer of U.S. stocks, just had its ...
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A new ETF investing in disaster relief launches in time for hurricane season

The Atlantic hurricane season is in full swing, and a new exchange-traded fund that focuses on disaster recovery has launched just in time for it.The first-of-its-kind Procure Disaster Recovery Strategy ...
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North Korea is likely culprit behind $100 million crypto heist, researchers say

A photo illustration showing the North Korean flag and a computer hacker.Budrul Chukrut | Sopa Images | Lightrocket | Getty ImagesNorth Korean state-sponsored hackers were likely the perpetrators of a ...
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SPACs wipe out half of their value as investors lose appetite for risky growth stocks

A trader works on the floor of the New York Stock Exchange (NYSE) in New York, June 16, 2022.Brendan McDermid | ReutersSPACs, once Wall Street's hottest tickets, have become one ...
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JPMorgan Chase tells employees the bank will pay for travel to states that allow abortion

JP Morgan CEO Jamie Dimon speaks at the Boston College Chief Executives Club luncheon in Boston, Massachusetts, U.S., November 23, 2021.Brian Snyder | ReutersJPMorgan Chase, one of the largest employers ...
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Stock futures fall after the major averages dip, investors mull recession concern

Stock futures declined early on Thursday after the major indexes slipped into the red at the end of regular trading and investors weighed the likelihood of a recession after Federal ...
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Fed promises ‘unconditional’ approach to taking down inflation in report to Congress

U.S. Federal Reserve Board Chairman Jerome Powell takes questions after the Federal Reserve raised its target interest rate by three-quarters of a percentage point to stem a disruptive surge in ...
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U.S. recession isn’t ‘inevitable,’ but inflation is ‘unacceptably high,’ Treasury Secretary Yellen says

Talk of a recession has accelerated this year as inflation remains high and the Federal Reserve takes aggressive steps to counter ...
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Inflation and recession fears are squeezing some industries more than others

A woman pushes a shopping cart through the grocery aisle at Target in Annapolis, Maryland, on May 16, 2022, as Americans brace for summer sticker shock as inflation continues to ...
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Here are the three things the Fed has done wrong, and what it still isn’t getting right

The exterior of the Marriner S. Eccles Federal Reserve Board Building is seen in Washington, D.C., June 14, 2022.Sarah Silbiger | ReutersAfter years of being a beacon for financial markets, ...
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Pandemic-era checks rewired how these Americans see money: ‘Stimulus changed how I think about what’s possible’

Ciydemimages | E+ | Getty ImagesFor Denise Diaz, the benefits of pandemic-era stimulus checks went beyond everyday dollars and cents. They rewired how she thinks about money.Diaz, a mother of ...
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Powell vows that the Fed is ‘acutely focused’ on bringing down inflation

Federal Reserve Board Chairman Jerome Powell speaks to reporters after the Federal Reserve raised its target interest rate by three-quarters of a percentage point to stem a disruptive surge in ...
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Everyone knows inflation is on fire. This is what’s really fueling it

Meat is seen in a supermarket as rising inflation affects consumer prices in Los Angeles, California, June 13, 2022.Lucy Nicholson | ReutersInflation doesn't just happen at the gas pump and ...
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A day after Powell’s assurances about the economy, markets are worried that ‘the Fed breaks something’

Federal Reserve Chairman Jerome Powell's insistence that the central bank is not deliberately trying to cause a recession and that the economy is on solid footing is exactly what someone ...
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Amid record inflation, 36% of employees earning $100,000 or more say they are living paycheck to paycheck

South_agency | E+ | Getty ImagesMore than a third of high-earning American workers feel strapped for cash — a share that has risen dramatically in recent years.Thirty-six percent of U.S ...
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Fed hikes its benchmark interest rate by 0.75 percentage point, the biggest increase since 1994

The Federal Reserve on Wednesday launched its biggest broadside yet against inflation, raising benchmark interest rates three-quarters of a percentage point in a move that equates to the most aggressive ...
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Stock futures rise after Fed raises rates by most since 1994

U.S. stock index futures were higher in overnight trading on Wednesday ...
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Powell says the Fed could hike rates by 0.75 percentage point again in July

Federal Reserve Chair Jerome Powell said Wednesday the central bank could raise interest rates by a similar magnitude at the next policy meeting in July as it did in June."From ...
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Here’s what the Federal Reserve’s 0.75 percentage point rate hike — the highest in 28 years — means for you

What the federal funds rate means to youThe federal funds rate, which is set by the central bank, is the interest rate at which banks borrow and lend to one ...
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