Month: June 2022
Crypto start-up MoonPay launches NFT platform with Universal, Fox
MoonPay co-founder and CEO Ivan Soto-Wright at the Bitcoin 2022 conference in Miami. MoonPay Crypto start-up MoonPay said Tuesday that it’s partnering with Universal Pictures, Fox Corporation and Snoop Dogg’s Death Row Records, among other brands, to launch a new NFT platform called HyperMint. The new platform enables large brands, agencies, and enterprises to mint […]
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Australia’s central bank flags more rate rises, 75 basis point moves unlikely
The Reserve Bank of Australia building in Sydney on June 7, 2022. Australia’s top central banker on Tuesday flagged a lot more policy tightening ahead as rates were still “very low” and it was important that higher inflation did not feed into public expectations and wage claims. Muhammad Farooq | Afp | Getty Images Australia’s […]
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Former U.S. ambassador says lifting China tariffs could slash inflation by 1% over time, help Biden in midterms
Removing tariffs on imported Chinese goods will strip 1% off inflation in the U.S. over time and return confidence to the economy which could help President Joe Biden at the ballot box, former U.S. ambassador David Adelman says. “Inflation will be No. 1 issue in midterm elections in the U.S. in November,” Adelman told CNBC’s […]
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Singapore imports more than 90% of its food. Here’s how it’s dealing with rising food inflation
A rooftop farm in Singapore on May 27, 2020. The small island nation lacks natural resources and imports more than 90% of its food from more than 170 countries and regions. Lauryn Ishak| Bloomberg | Getty Images Singapore is known for its variety of street food and local cuisines, but many may not know it […]
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Nobel sold for Ukrainian kids shatters record at $103.5 million
Dmitry Muratov, editor-in-chief of the Russian newspaper Novaya Gazeta, poses for photos with his 2021 Nobel Peace Prize at The Times Center on June 20, 2022. The prize that Muratov was auctioning off to raise money for Ukrainian child refugees sold Monday night for $103.5 million, shattering the old record for a Nobel. Michael M. […]
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Asia-Pacific markets in positive territory; RBA poised to release meeting minutes
SINGAPORE — Asia-Pacific markets were mostly buoyant in early trade on Tuesday while bitcoin continued to rise after a recent rebound. Meanwhile, Australia’s central bank is poised to release meeting minutes in the morning. Japan’s Nikkei 225 was 1.19% higher in early trade while the Topix rose by 1.2%. The Kospi in South Korea was […]
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Morgan Stanley says investors can weather a ‘prolonged storm’ with these global stocks
European companies have never been richer, according to Morgan Stanley , and are ready to splash the cash — including distributing part of it to shareholders. The Wall Street bank has named a raft of stocks that have strong balance sheets and resilient cash flows and are set to return excess cash to shareholders through […]
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Russia can’t guarantee that American vets captured in Ukraine won’t face the death penalty
Kremlin’s spokesman Dmitriy Peskov attends an event during Russia’s Victory Day commemorations in Moscow on May 9, 2022. Anadolu Agency | Anadolu Agency | Getty Images Russian President Vladimir Putin’s spokesman wouldn’t guarantee that two U.S. military veterans captured in Ukraine won’t face the death penalty in an exclusive interview Monday. “It depends on the investigation,” Dmitry Peskov told NBC News […]
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Have markets hit the bottom? Ed Yardeni says it’s not over until inflation peaks
Markets have been on a wild ride recently, swinging between gains and losses. However, the brutal selling has meant the S&P 500 is still in a bear market. When asked whether markets have hit a bottom, Wall Street veteran Ed Yardeni said he doesn’t think “we’re gonna climb out of this thing very quickly, not […]
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S&P 500 futures rise 1% as the market is set to rebound from a brutal week
Traders on the floor of the NYSE, June 16, 2022. Source: NYSE Stock futures rose in overnight trading Monday following a brutal week as investors assessed a more aggressive Federal Reserve and rising chances of a recession. Futures on the Dow Jones Industrial Average gained more than 250 points. S&P 500 futures climbed 1.1% and […]
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