Markets

The cryptocurrency market has turned into a “postmodern pyramid scheme,” the top economist Paul Krugman said in a New York Times op-ed – and the spectacular crash investors saw this year is a chance for federal regulation. The vocal crypto critic, who previously called the digital asset the “new subprime,” said the industry has yet… Continue reading The cryptocurrency market has become a ‘postmodern pyramid scheme’ and its stunning crash is an opportunity to regulate it, famed economist Paul Krugman says

Russian state-run energy company Gazprom signaled uncertainty Wednesday about whether gas supplies to Germany could resume as normal via the Nord Stream 1 pipeline, citing a technical problem and safety issues.  Last month, the energy giant slashed gas deliveries to Germany from the key pipeline by 60% due to problems with a Siemens turbine. And… Continue reading Russia’s Gazprom hints at delay in resuming gas supplies to Germany with Nord Stream 1 safety warning

, /PRNewswire/ — 98% of the world’s top one million websites don’t offer full accessibility to the 1.7 plus billion people with disabilities. To tackle this, openbusinesscouncil.org – the global digital certification blockchain and AI-powered directory and citiesabc.org – the Metaverse for cities directory with an NFT marketplace have partnered with leading inclusion organisations: Ruh… Continue reading Citiesabc.com and openbusinesscouncil.org, part of the Ztudium Group, join forces with Ruh Global IMPACT & Billion Strong to create accessible digital, Web 3.0, Metaverse solutions to empower the …

US stocks could drop further in a sign that the bear market hasn’t reached a bottom yet, according to Peter Oppenheimer, Goldman Sachs’ chief global equity strategist.  Speaking to CNBC late last week, Oppenheimer however, maintained some optimism about financial markets after suggesting investors have braved a large chunk of the bear market despite not… Continue reading Investors have weathered a big chunk of the bear market already, but stocks could still fall further, Goldman Sachs global stock chief says

A strong US dollar and sky-high inflation will be a strong headwind for earnings of S&P 500 companies going forward and will put a lid on the stock market’s recent rally, Morgan Stanley’s equity research chief said in a note. The US Dollar Index is already up 16% year per year, to 108.04 as at… Continue reading A strong dollar and soaring inflation could be a brutal cocktail for S&P 500 firms and investors should expect earnings revisions to be lower, Morgan Stanley says

Russia is set to smooth out trade with India and China as some Russian companies have launched chartered ships to ferry commodities between the countries, according to a report from the Economic Times.  Russia and India have launched the cargoes for easier delivery of critical raw materials, the report said, as wartime sanctions from the… Continue reading Russia launches new chartered ships to trade commodities with China and India as wartime sanctions block typical supply chains

US stocks fell on Monday after notching a modest gain last week, with investors preparing to parse through a wave of corporate earnings.  Companies including PepsiCo and Delta Air Lines will report results from the second quarter on Tuesday and Wednesday, with banks including JPMorgan Chase, Citigroup, and Wells Fargo set to deliver results at… Continue reading US stocks sink as investors prepare for earnings season to kick off

US stocks closed lower to start the week, with the Nasdaq Composite slipping by over 2% as investors get ready for earnings to roll in and await key inflation data set to be released midweek.  Tech shares led stocks lower for the day, with losses accelerating among the major indexes as the session wound down.… Continue reading Nasdaq drops 2% as US stocks fall ahead of earnings and inflation data