Global central banks have good reason to continue buying gold, with about 80 tonnes reported to be stockpiled each month, but most purchases are kept under wraps. Click to view...
Donald Trump Jr., the eldest son of US President Donald Trump, revealed at the Bitcoin 2025 conference that he and his younger brother Eric pushed for a shift in his father's stance on cryptocurrencies after his family was blocked from banking services for political reasons. Mr. Trump Jr. said the family business's post-2016 experience of "total blackouts" - disruptions to banking, insurance and other services - made it aware of the fragility of the traditional financial system. Although Mr. Tru...
On January 16, the Federal Reserve Beige Book said that most Federal Reserve districts reported strong holiday sales during the reporting period, which exceeded expectations. Auto sales rose to some extent. Construction activity generally declined. Manufacturing overall fell slightly, and some reserve districts reported that manufacturers were stockpiling inventory in anticipation of tariff increases. Activity in the residential real estate market was flat overall, with high lending rates contin...
On November 12th, this afternoon, the Asia-Pacific stock market sold out across the board. As of press time, the MSCI Asia-Pacific index fell 1% to 185.82 points, the Hong Kong Hang Seng Technology index fell more than 3.8%, the Taiwan stock market weighted index fell more than 2%, and the South Korean stock index fell more than 1.5%. The Nikkei index fell nearly 1%. So, what happened? Analysts believe that the market plunge may be mainly due to two reasons: one is that the US dollar index and U...
According to a recent Forbes article, the "likely reason" for Bitcoin's rise is the strong performance of the cryptocurrency, driven by market expectations that Donald Trump will win the presidential election within two weeks.
Former US President Donald Trump said the Federal Reserve's interest rate cut was motivated by political considerations.
[What are the reasons for the Federal Reserve to cut interest rates by 25 basis points?] 1. Royal Bank of Canada: The US economy is expected to normalize rather than recession, so the Federal Reserve will cut interest rates by 25 basis points in September. 2. Standard Chartered: The reason for the 25 basis point cut is that the upcoming inflation data does not support the view that inflation is rapidly approaching the 2% target. 3. Deutsche Bank: Broad risk aversion, stabilizing oil prices and s...
S & P: Downgraded Ukraine's foreign currency rating to "SD" due to failure to pay coupons.
Federal Reserve Williams: The reasons for the rise in the long-term neutral interest rate are not yet clear.