Stablecoins have become the backbone of the cryptocurrency industry. But not all stablecoins are created equal: the failure of a high-profile digital coin has sent shockwaves through the industry.
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Fri, Jul 8 20229:09 AM EDT
How stablecoins became the backbone of crypto
World
Chinese stocks are on fire this year, drawing big interest from foreign and domestic investors
When Hou Yujie isn’t convincing customers to rent traditional Chinese clothing for photos at the country’s famous Forbidden City, she and her friends are checking stocks. Hou recently put 10% of her money in the market. In just a few days, she earned one month’s salary — and she’s thrilled. “Interest rates for bank deposits […]
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World
U.S. pharma tariffs spare India’s generic drugmakers — but leave investors jittery
MUMBAI, INDIA – MARCH 3: A technician works at a Cipla laboratory March 3, 2002 in Vikhrohi, Mumbai, India. Jean-marc Giboux | 3rd Party – Misc | Getty Images Stocks of leading Indian drugmakers fell on Friday, even though the 100% U.S. tariffs on branded and patented drug imports are unlikely to affect these companies. […]
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World
Core inflation rate held at 2.9% in August, as expected, Fed’s gauge shows
Core inflation was little changed in August, according to the Federal Reserve’s primary forecasting tool, likely keeping the central bank on pace for interest rate reductions ahead. The personal consumption expenditures price index posted a 0.3% gain for the month, putting the annual headline inflation rate at 2.7%, the Commerce Department reported Friday. Excluding food […]
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