Markets

Asian and European stocks dropped Wednesday, as hotter-than-expected US inflation data rattled markets. Inflation rose in August, seen as making aggressive Federal Reserve interest rate hikes more likely. The Chinese yuan traded close to a two-year low on talk of Taiwan-related US sanctions against Beijing. Loading Something is loading. Global stocks fell sharply Wednesday after… Continue reading Global stocks tumble after shock US inflation data, while yuan nears 2-year low as Biden eyes China sanctions

Opera’s crypto-centric browser (Win, Mac, Android, iOS) evolves the user experience to be truly Web3-ready ahead of the Ethereum MergeIt’s adding seamless support for major third party wallets including Metamask and othersThe industry-first Web3 wallet selector allows users to seamlessly choose which wallet they want to interact with a given dApp – without having to… Continue reading Opera Crypto Browser integrates Metamask and other wallets; Unveils Industry-First Web3 Wallet Selector ahead of the Merge

ROBOROCK drives growth through innovation , /PRNewswire/ — According to data recently released by Euromonitor, worldwide retail sales of robot vacuums exceeded 15 million units in 2021, representing a compound annual growth rate in excess of 20% over the past five years. In particular, the Asia-Pacific region accounted for some 44.2% of the total, making… Continue reading Roborock ranks first among robot vacuum makers globally in terms of sales of high-end models

SkyBridge’s Anthony Scaramucci said bear markets “suck” as his hedge fund suffers amid a crypto winter.  He claimed that his fund’s ‘mediocre’ performance triggered his deal with Sam Bankman-Fried’s FTX.  SkyBridge is among firms Bankman-Fried has aided as the crypto market crumbles. Loading Something is loading. Hedge fund manager Anthony Scaramucci lamented bear markets, saying… Continue reading Anthony Scaramucci says bear markets ‘suck,’ and Skybridge only took Sam-Bankman Fried’s deal because of its ‘mediocre’ performance

European natural gas prices fell over 7% Monday as Ukrainian forces made a rapid advance. The Russian setback raised hopes the conflict will end earlier than seen and ease Europe’s energy crisis. The euro and British pound climbed against the dollar, while the flagship Stoxx 600 also rallied. Loading Something is loading. European natural gas… Continue reading European gas prices fall to a 7-week low as Russia suffers major setbacks in Ukraine war

The first cargo from Russian state giant Gazprom’s new LNG plant in Portovaya is heading to Greece. That’s even though the EU has pledged to reduce the bloc’s reliance on natural gas from Russia. The EU — which is dependent on Russia for gas — faces an energy crisis as supply has slowed. Loading Something… Continue reading A new Gazprom plant is shipping its first liquefied natural gas cargo to Greece just 6 months after the EU vowed to drastically reduce Russian gas imports

Elon Musk cautioned that a major rate hike by the Federal Reserve could spark deflation. Musk bemoaned cost pressures at Tesla and SpaceX in March, but recently argued inflation has peaked. Cathie Wood, Michael Burry, and other commentators have also flagged deflation as a possibility. Loading Something is loading. If the Federal Reserve raises interest… Continue reading Elon Musk warns the Fed could send prices spiraling downward if it hikes interest rates too sharply this month

Janet Yellen warned there’s a risk US gas prices at the pump could rise again in winter. The US Treasury chief said the EU’s ban on seaborne Russian oil could cause crude prices to soar. The average price of gas in the US has fallen steadily since hitting a high above $5 in June. Loading… Continue reading Janet Yellen warns US gas prices could spike this winter as oil soars once Europe stops buying Russian crude