End of a winning week with moderate bets from the Fed

End of a winning week with moderate bets from the Fed

European markets muted but mark sixth week of gains Europe’s Stoxx 600 Index closed unchanged on Friday, completing an upbeat week in which it broke a three-month high and secured a sixth week of gains. The main bourses in Germany and France were unchanged as the UK’s FTSE 100 gained 0.3%. Expectations of slower Federal … Read more

Texas ‘Anti-Woke’ Bank Goes Bankrupt in 3 Months

Texas ‘Anti-Woke’ Bank Goes Bankrupt in 3 Months

A banking startup backed by billionaire Donald Trump supporter Peter Thiel and billed as “anti-awakening” to “pro-freedom” Americans is shutting down after less than three months. The bank, GloriFi, spent $50 million in investment money, laid off most of its staff on Monday and informed workers it was closing, The Wall Street Journal was first … Read more

New Zealand Interest Rate Hikes, Inflation Data

New Zealand Interest Rate Hikes, Inflation Data

New Zealand dollar strengthens after biggest rate hike The New Zealand dollar strengthened to 0.6192 against the greenback after the central bank raised rates by 75 basis points, its biggest increase on record. The NZD last traded at 0.6170 against the dollar and New Zealand’s NZX 50 Index fell 0.8%. The New Zealand 10-year Treasury … Read more

European markets open to close, stock movements, news and data

European markets open to close, stock movements, news and data

German wholesale inflation for October well below expectations Germany’s producer price index came in at -4.2% a month in October, the federal statistics office said on Monday, well below the Reuters consensus forecast for a 0.9% rise. On an annual basis, wholesale prices rose 34.5%, below expectations for a 41.5% slope. -Elliot Smith Stocks on … Read more

FTX will sell or restructure global empire, CEO says

FTX will sell or restructure global empire, CEO says

FTX’s new CEO said Saturday that the bankrupt cryptocurrency exchange is looking to sell or restructure its global empire, even as Bahamian regulators and FTX squabble over court documents and press releases over whether the bankruptcy filing should proceed in New York or Delaware. “Based on our review last week, we are pleased to learn … Read more