Fed Governor, Michelle Bowman, has stated recently that the central bank of the United States should keep raising interest rates. Bowman stated that Fed should keep hiking interest rates by 75 bps until they see decline in inflation that is consistent, meaningful and lasting.

Clients of Pimco, a well-known asset management company, withdrew $29 billion in three months from Bond funds. Interest rate hikes all over the world hit bond markets hard, and clients pulled massive amounts of money as a result.

The central bank of Australia joined other countries by raising interest rates by 0.5%, from 1.35% to 1.85%, and further tightening the economy. However, the Australian Dollar declined in value after the decision against all currencies despite the Hawkish decision.

The U.S. economy shrank for the second consecutive quarter, meeting generally recognized criteria for a recession. However, despite a 0.9 percent yearly decline in the gross domestic product, many economists claim that "we are not in a recession."

Sri Lanka is currently in one of the worst situations in decades. One of the worst economic crisis that the country has seen has spread around mainly due to shortages of food, fuel and medicines. World Bank has specified that until the country stabilizes itself and offers structural reforms, it will not intervene with any help.

The Federal Reserve has decided to hike interest rates by 75 bps yet again. The broad consensus was that the Fed will deliver a hike of this magnitude, which is a reason why many believe 75 bps was already priced in.

Elon Musk has only recently challenged Parag Agrawal, CEO of Twitter, to a public debate. The main topic of the debate would be the bots and their presence on the social media platform. While it is unlikely for the debate to take place, it would be without any doubt a very popular and watched event.

Fed Governor, Michelle Bowman, has stated recently that the central bank of the United States should keep raising interest rates. Bowman stated that Fed should keep hiking interest rates by 75 bps until they see decline in inflation that is consistent, meaningful and lasting.

Elon Musk, CEO of Tesla, has been a supporter of Dogecoin for quite a while. Tesla has sold most of its bitcoins last quarter, while Elon Musk once again showed that he believes in Dogecoin more than in Bitcoin by claiming that Dogecoin is better at handling lots of transactions than Bitcoin.

Virgin Galactic shares plunged by more than 19% after US markets opened. This is due to a net loss of $111 million for Q2 this year, missing estimates, and a 36% decline in revenue. The big letdown was another postponement of its commercial space service from 2023's Q1 to Q2.

Clients of Pimco, a well-known asset management company, withdrew $29 billion in three months from Bond funds. Interest rate hikes all over the world hit bond markets hard, and clients pulled massive amounts of money as a result.

Amid the huge popularity increase of AMTD Digital (HKD)and growth by more than 10,000% in just weeks, HKD found its peak and is now down by almost 80% from its all-time high level. Beware of higher volatility.