Buck Bully
[CNBC] CDC officials said Wednesday that the new strain of Covid-19 that was discovered in the U.K. could further stress hospitals that are already overwhelmed with coronavirus patients. The CDC’s Dr. Henry Walke said the new variant appears to spread “more easily and quickly than other strains,” but it does […]
[Forbes] BitcoinBTC, ethereum and other major cryptocurrencies have crashed along with the S&P 500 and stock prices this year (with some people betting on ‘a $28 trillion opportunity’). The bitcoin price has plummeted around 70% from its all-time highs, dropping under $20,000 per bitcoin, and dragging on other top ten […]
[MoneyWise] Bank of England recently bought £19.3 billion of U.K. government bonds to prevent a collapse in the country’s pension industry. In the eyes of Rich Dad, Poor Dad author Robert Kiyosaki, that’s a sign to acquire three specific alternative assets. “Bank of England pivot means buy more GSBC,” he […]
[Fortune, AP] The dollar is up 18% this year and last month hit a 20-year high, according to the benchmark ICE U.S. Dollar Index, which measures the dollar against a basket of key currencies. The cost of living in Cairo has soared so much that security guard Mustafa Gamal had to send […]
[The Motley Fool] KEY POINTS Polygon makes Ethereum faster and cheaper to use for everyone. New technology will help increase speeds further and promote more development on the blockchain. With multiple partnerships with some of the world’s more recognizable brands, 2022 has been a year of building for Polygon. Polygon’s […]
[CNN Business] Stubborn inflation and the Federal Reserve’s jumbo-sized interest rate hikes will drive the American economy into a 1990-style mild recession starting in the spring, Fitch Ratings warned on Tuesday. In a report obtained first by CNN, Fitch slashed its US growth forecasts for this year and next because of one of the […]
[Yahoo! Finance] Walmart (WMT) made headlines late last year, when the company sought several new trademarks that signaled its intent to make and sell virtual goods in the metaverse. Now, the retail giant’s Global Chief Technology Officer says crypto transactions will be right “in the middle” of its digital strategy […]
[MarketWatch, Getty Images] Investors eye U.K. meltdown with caution, but find yields they like. Things could always get worse. That was the message from investors hitting the sell button in September as the Federal Reserve renewed its vow to use rapid interest rate hikes to fight stubbornly high inflation, even if it […]
[Washington Post, Bloomberg] Nearly every major currency has lost ground against the U.S. dollar this month, an offshoot of the Federal Reserve’s campaign to rein in inflation through higher interest rates. For Americans, a stronger dollar means cheaper imports and trips abroad. But it can also weigh on other economies, […]
[Markets Insider, AP] China’s yuan dropped to its lowest level versus the dollar since 2008. The onshore currency weakened to 7.2409 per dollar, its lowest in 14 years. Beijing must navigate a weakening currency, a real estate crisis, and disruptive COVID-19 lockdowns. China’s yuan weakened to its lowest mark against […]
[CNBC, Reuters] KEY POINTS The Federal Reserve began its two-day meeting Tuesday, and economists expect the central bank to announce a third consecutive three-quarter point rate hike. “This is really moving into restrictive monetary policy territory. We will be moving into no man’s land,” said one economist. “We actually haven’t […]