XRP soared as much as 61% on Thursday after a US judge said certain aspects of the sale of the token did not break federal securities laws.The SEC had sued Ripple for the sale of its XRP token in 2020 for the failure to register XRP as a security.Crypto related stocks like Coinbase and Riot… Continue reading XRP soars 61% after a judge says the cryptocurrency is not a security in a big win over the SEC
Russia is about to overtake Saudi Arabia as the top OPEC+ producer
Russia is about to surpass Saudi Arabia as the top oil producer in the OPEC+ cartel, according to the IEA. The agency estimated Saudi Arabia would produce just 9 million barrels per day of oil in July and August. The kingdom voluntarily slashed production by 1 million bpd and extended that cut through July. Loading… Continue reading Russia is about to overtake Saudi Arabia as the top OPEC+ producer
China’s trade with Russia surges to the highest level since Putin launched his war on Ukraine
Chinese-Russian trade hit its highest level since February 2022, data shows. Last month, trade between the countries rose to $20.83 billion. China’s imports from Russia rose 15.7%, and exports to Russia soared 90.9%. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. Bilateral trade… Continue reading China’s trade with Russia surges to the highest level since Putin launched his war on Ukraine
Russia’s economy is spiraling. The state of its car industry shows just how badly it’s deteriorated.
Car sales in Russia are hovering near a quarter of what they were before the war in Ukraine. Soaring prices, deteriorating consumer sentiment, and lack of supply has crushed Russia’s auto market, per Yale data. In the months after the invasion, purchases of foreign-made cars in Russia neared a standstill. Loading Something is loading. Thanks… Continue reading Russia’s economy is spiraling. The state of its car industry shows just how badly it’s deteriorated.
Bank of Canada hikes interest rate to 5%
Central bank doesn’t see inflation returning to target until mid-2025 Get the latest from Barbara Shecter straight to your inbox Published Jul 12, 2023 • Last updated 1 hour ago • 3 minute read Bank of Canada governor Tiff Macklem speaks during a news conference in Ottawa on July 12 after the interest rate decision. Photo… Continue reading Bank of Canada hikes interest rate to 5%
Financial pressure building on several fronts for Canadians as Bank of Canada decision looms, poll finds
More Canadians likely to declare bankruptcy, saving for retirement pushed to back burner Published Jul 11, 2023 • Last updated 3 hours ago • 3 minute read A woman walks past the Bank of Canada headquarters in Ottawa. Photo by Adrian Wyld/The Canadian Press files Having exhausted their savings, Canadians are now struggling on a series… Continue reading Financial pressure building on several fronts for Canadians as Bank of Canada decision looms, poll finds
Posthaste: How another Bank of Canada rate hike will affect the housing market
Hike tomorrow could put prime rate at 7.2 per cent, the highest in 22 years Published Jul 11, 2023 • 5 minute read Canada’s housing market is expected to slow if the Bank of Canada hikes interest rates again. Photo by Postmedia Article content Good morning! This advertisement has not loaded yet, but your article… Continue reading Posthaste: How another Bank of Canada rate hike will affect the housing market
Nasdaq moving to reweight Big Tech to pare back megacaps’ dominance of stock market
Six members —Apple, Alphabet, Microsoft, Amazon, Tesla, Nvidia — have exceeded a preset threshold Author of the article: Published Jul 10, 2023 • Last updated 1 day ago • 3 minute read Apple is among the companies Nasdaq is reweighting on the index. Photo by David Gray/Bloomberg America’s biggest tech companies have become too large even… Continue reading Nasdaq moving to reweight Big Tech to pare back megacaps’ dominance of stock market
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