Tag: FX

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…

Purchasing power has an inverse relationship with inflation.  Igal Ness via Unsplash; Canva ContentsWhat Does Purchasing Power Mean? How Does Purchasing Power Relate to Inflation and Cost of Living? What Is Purchasing Power Parity? What Is a Purchasing Power Index? What Does Purchasing Power Mean? Remember when you could buy two Mcdonald’s Big Macs with…

The U.S. government and automakers seem to be on the same page about transforming the country’s car culture from one based on an internal combustion engine to one based on battery-powered electric vehicles.  Both sides seem to understand that such a large change will require tens of billions of dollars in investments before consumers migrate…

Share to FacebookShare to TwitterShare to LinkedinDENVER, CO – FEBRUARY 18: Ethereum co-founder Vitalik Buterin speaks at ETHDenver on February 18, 2022 in Denver, Colorado. (Photo by Michael Ciaglo/Getty Images) Getty Images Six years in the making, the most sophisticated upgrade in crypto’s history is complete. At 6:42 A.M. Coordinated Universal Time (2:42 A.M. EDT),…

Share to FacebookShare to TwitterShare to LinkedinNio EC6 electric SUV is seen at a NIO battery swap station (Photo by Jin Zheming/VCG via Getty … [+] Images) VCG via Getty Images The $1billion bankruptcy of Better Place seemed to have ended battery swapping as the way to recharge electric cars. But Chinese players are having…