Tag: Forex

Reassuring internally and externally. This is the mission that Ulrich Körner set for himself at a time when Credit Suisse, founded in 1856, is going through one of the most difficult and painful periods in its history.  Körner, who took over as CEO last August, wants to give the impression that all is well, that…

DKosig for iStockphoto; Canva ContentsWhat Caused the Financial Crisis of 2007–2008? How Did it Start?How Did Banks Contribute to the Financial Crisis? What Happened When the Housing Bubble Burst? How Did Fannie Mae and Freddie Mac Contribute to the Financial Crisis? Contagion Effect Leading to Global Financial CrisisHow Was the Financial Crisis of 2007–2008 Resolved?…

When it comes to investing, time is your friend. The stock market returns an average of 9% every year when you look at it over decades. That doesn’t mean your money will grow by that much every year — there will be volatility — but if you invest in the stock market, your money will…

Share to FacebookShare to TwitterShare to LinkedinTopline Oil prices continued to plummet on Monday, plunging to their lowest levels since January and continuing weeks of decline as fears of a looming global recession mount, inflation rates remain historically high and the strong performance of the U.S. dollar dampens demand. Crude oil prices hit their lowest…

U.S. equity futures deepened their recent declines Monday, while the dollar extended its relentless march against its global peers, as investors retreated from risky global markets amid widespread disruption in currencies and increasing concerns of a near-term recession. An overnight slump in the pound, which briefly dragged the British currency to an historic low of…

The British pound slumped to an all-time low against the U.S. dollar in overnight trading Monday, prompting increased speculation of an emergency rate hike from the Bank of England over the coming days. Sterling was marked as much as 5% lower against the greenback, at an historic low of 1.0325 during its overnight trough extending…

Share to FacebookShare to TwitterShare to LinkedinTopline A Malaysian contractor known as “Fat Leonard”, who conned the U.S. military out of tens of millions of dollars and sat at the center of a sprawling corruption scheme, has been arrested in Venezuela after fleeing house arrest earlier this month, officials announced, the latest chapter in one…

A 23-year-old self-described “Crypto King” from Whitby, Ontario, a town east of Toronto, allegedly owes at least $35 million to investors in what is shaping up to be a cryptocurrency scam. More than 150 investors who handed over a collective $20 million to Aiden Pleterski and his company, AP Private Equity Limited, which reportedly invests…

The Bank of Japan directly intervened in global currency markets overnight Thursday as officials moved to support the yen amid its two-decade lows against the U.S. dollar in the first such move since 1998. Masato Kanda, Japan’s Vice Finance Minister For International Affairs, told reporters in Japan that the government took “decisive action” in the currency…

We’re officially making our way into another cuffing season. If you’re unfamiliar with the term, cuffing season is the time of year when single people start to secure a relationship for the cold winter months. The season is typically thought to begin sometime in September and last until February of the following year. That’s when…