World Economic Magazine

Bitcoin slumps further as China tightens crypto crackdown

Bitcoin tumbled on Monday to a two-week low on China’s expanding crackdown on bitcoin mining, as investors grew more uncertain…

5 years ago

Explainer: ‘Death cross’ chart formation adds another worry to bitcoin outlook

For technical analysts watching bitcoin, an important and potentially bearish chart formation just happened in the cryptocurrency: A “death cross.”

5 years ago

Buffett-backed Nubank in talks to hire U.S. IPO underwriters -sources

Nubank, the Brazilian digital bank backed by Warren Buffett's Berkshire Hathaway, has invited investment banks to pitch for roles on…

5 years ago

Dollar catches breath as traders await Powell testimony

The dollar paused for breath on Tuesday as traders looked to testimony from U.S. Federal Reserve chair Jerome Powell for…

5 years ago

Regulators tell Biden US financial system in good shape-White House

Financial regulators assured President Joe Biden on Monday that the U.S. financial system is in good shape and that financial…

5 years ago

Morrisons leaps after rejecting $7.6 bln private equity bid

Morrisons (MRW.L) shares surged as much as 35% on Monday on hopes that U.S. private equity firm Clayton, Dubilier &…

5 years ago

Soaring costs challenge Canadian retailers counting on post-COVID surge

Canadian retailers are readying for a post-pandemic rebound as consumers emerge from lockdowns and open their wallets, but higher costs…

5 years ago

Analysis: Fed’s “big tent” framework may fray under inflation surge

The U.S. Federal Reserve’s carefully crafted move last year to a jobs-first monetary policy, touted as giving workers their best…

5 years ago

Maersk VC co-leads funding round in Egyptian start-up Trella

Egyptian startup Trella, a digital platform connecting truckers with freight loads, has raised $42 million in equity and debt, including…

5 years ago

Wall St rebounds after Fed-induced pullback

Wall Street's main indexes were set to open higher on Monday as financials and energy stocks rebounded after hawkish comments…

5 years ago