The Bank of England on Monday published its final policy statement and draft Code of Practice for systemic stablecoin issuers, easing some of the proposals it had put forward for industry consultation last year and setting out a clearer path for the development of regulated stablecoins in the UK.The central…
A surge in artificial intelligence adoption may be displacing some workers, but its overall effect on aggregate employment and wages in the United States has remained limited so far, according to a study released by the European Central Bank on Monday.The study comes as companies continue to invest heavily in…
The S&P 500 Index remained under pressure last week after the Federal Reserve delivered a highly hawkish interest rate decision. It also wavered as investors reacted to the new ceasefire between the US and Iran, which drove energy prices lower. This article looks at some of the key catalysts for…
The GBP/USD exchange rate came under pressure on Monday morning as investors reacted to the ongoing political uncertainty in the UK. It retreated to 1.3224, down sharply from last week’s high of 1.3460.Odds of Keir Starmer staying as Prime Minister fallThe GBP/USD pair retreated sharply as investors remained concerned about…
The Nikkei 225 Index continued pumping today, June 22, reaching a new all-time high of 72,639, after the US and Iran agreed on a roadmap for a deal, and as the artificial intelligence supercycle continued. It has jumped by 45% this year. This article highlights some of the top news…
The Hang Seng Index continued to deviate from its global peers today, June 22, and formed two major highly bearish patterns, pointing to further downside in the near term. The index, which tracks the top Chinese companies, dropped to 23,445 on Monday, its lowest level since June last year and 16%…
Global investors have focused on the performance of top memory stocks like Micron (MU), Sandisk (SNDK), and SK Hynix this year as they surpass their all-time highs each week. However, Kioxia stock, a top competitor, is beating all of them by a large margin.Kioxia stock is firing on all cylindersKioxia…
The FTSE 100 Index has wavered in the past few weeks and continued to underperform its top global peers like the S&P 500, Kospi, and the Nikkei 225. It has barely moved in the past three months. This article highlights some of the top catalysts for the Footsie this week.FTSE…
Alcohol companies have had fewer reasons to say “cheers” in recent years.Volumes have been falling, and the entire business model is undergoing a structural shakeup as younger people drink less. The downturn has been driven by a mix of structural and cyclical forces. Younger consumers are drinking less, inflation has squeezed discretionary…
US stocks are showing surprising resilience as Wall Street increasingly abandons expectations for near-term Federal Reserve rate cuts.Several major financial institutions have recently pushed back their forecasts for monetary easing, with some now expecting the Federal Reserve to leave rates unchanged throughout 2026. Yet despite the more hawkish outlook, strategists…