March 21 2023 🕓 4 min
Banks cool down even more before Fed – another green day for stocks
The US Treasury stepped in again to make sure every little bank can count on it. All eyes are starting to turn on Fed.
Turkey’s inflation continues to skyrocket
August 3 2022
In July 2022, Turkey’s annual producer inflation increased to 144.61 percent from 138.31 percent the month before. It was the highest inflation since records began in 1983, reflecting a significant depreciation of the Turkish lira.
More market movers from category
March 20 2023
Florida Governor wants to ban CBDCs
Florida Governor Ron DeSantis called for a ban on central bank digital currencies (CBDCs). He pointed out some negative effects, including higher surveillance over citizens or a cap on CBDC holdings.
March 17 2023
Microsoft launches AI tool Copilot
Microsoft has just launched a new AI tool called Copilot. It will be a similar tool to ChatGPT, which users can use for Word, Excel, PowerPoint, Outlook, etc.
March 17 2023
Edwin Garrison has spearheaded a class action lawsuit against influencers promoting FTX on YouTube and other platforms. He seeks $1 billion in damages since they made money from promoting the FTX crypto scam without disclosure.
March 14 2023
Meta has just announced a second round of layoffs. It was 11,000 employees four months ago. This time, Meta is firing 10,000 people.
March 14 2023
Meta ended support for NFTs on Instagram and Facebook after one year. The company said it will focus on different ways to support businesses and creators.
March 12 2023
The federal government will not provide a bailout for Silicon Valley Bank, according to Treasury Secretary Janet Yellen. However, she reassured nervous depositors that efforts are being made to assist them.
More market movers
March 21 2023
The euro strengthened against all fiat currencies, supporting the ongoing trends. EUR/AUD jumped 1.5%, while EUR/JPY and EUR/GBP are up 1.2%.
March 21 2023
Texas introduces a Bitcoin bill
Texas introduced a bill that should protect Bitcoin miners, holders, and developers. The bill explains how Bitcoin made several technological breakthroughs, including blockchain and distributed ledger.
March 21 2023
FRC gains 30% amid banking mayhem
After a banking bloodbath for the past few weeks, First Republic Bank (FRC) gained 30%. The stock jumped from $12 to $16, but is still down from $120 three weeks ago.
March 21 2023
Canada’s annual inflation rate dropped to 5.2% from the previous month’s 5.9%. This is the lowest reading since January 2022 and falls short of the market’s projection of 5.4%. Core inflation decreased as well, from 5% to 4.7%.
March 21 2023
After Balaji made a bet that Bitcoin would hit $1 million, Strike CEO, Jack Mallers, joined him. This is due to fears of hyperinflation in the US. In the meantime, the fear and greed index reached 16-month highs, bringing euphoria to the crypto market.
March 20 2023
Florida Governor wants to ban CBDCs
Florida Governor Ron DeSantis called for a ban on central bank digital currencies (CBDCs). He pointed out some negative effects, including higher surveillance over citizens or a cap on CBDC holdings.
News
March 21 2023 🕓 3 min
Gold respects $2,000 resistance for now – can it smash through?
Gold could pause its rally as investors now anticipate the Fed’s monetary policy meeting, which can go either way.
March 21 2023 🕓 3 min
Financial sector jumps as Yellen calms investors
Markets think the crisis is over, bidding up regional banks and the whole financial sector.
March 21 2023 🕓 7 min
Bitcoin: An extraordinary asset class defying traditional labels
Discover how Bitcoin challenges traditional asset classes and reshapes the financial landscape with its unique attributes.