As the sunsets, a ferry boat glides across the waters of the Golden Horn with the Suleymaniye Mosque and the city of Istanbul, Turkey in the background. Vw Pics | Universal Images Group | Getty Images Turkish President Recep Tayyip Erdogan once said that whoever wins Istanbul wins Turkey. If that’s the case, the stakes … Read more
A man wearing a Diego Maradona t-shirt walks by the Argentine Central Bank on November 30, 2023 in Buenos Aires, Argentina. Tomas Cuesta | Getty Images News | Getty Images Argentina is in the grip of a profound economic crisis, and one veteran economist believes part of the solution is for President Javier Milei to … Read more
The bitcoin halving is an event that happens roughly every four years where rewards to miners are cut in halve, effectively limiting supply of the token. S3studio | Getty Images Bitcoin, the world’s largest cryptocurrency by market cap, extended a rally in Asia trading on Tuesday, reaching a two-year high of over $56,000 and uplifting … Read more
The record gold rush may intensify into year-end. According to NewEdge Wealth’s Ben Emons, the final month of the year typically creates a bigger appetite for the yellow metal. “It’s been very consistent every December. It’s been a pretty strong performance for gold — especially when there is a rally in the stock market in … Read more
Brad Garlinghouse, chief executive officer of Ripple Labs Inc., speaks during the Token2049 conference in Singapore, on Wednesday, Sept. 13, 2023. Joseph Nair | Bloomberg | Getty Images The CEO of blockchain company Ripple has some strong words for the U.S. Securities and Exchange Commission. Brad Garlinghouse told CNBC’s Dan Murphy at the company’s Ripple … Read more
A picture taken in London shows gold-plated souvenir cryptocurrency tether, bitcoin and ethereum coins arranged beside a screen displaying a trading chart, May 8, 2022. Justin Tallis | Afp | Getty Images Paolo Ardoino, the chief technology officer for Tether, has been promoted to CEO of the stablecoin company, in a surprise move. Ardoino will … Read more
Smoke rises over a buildings in Gaza City on October 9, 2023 during an Israeli air strike. Sameh Rahmi | Nurphoto | Getty Images While market reaction remains muted following the attack on southern Israel by Palestinian militant group Hamas, some industry watchers caution that several risks resulting from the conflict are yet to be … Read more
A woman looks at a board showing the rates of dollars and euros against the ruble in front of the exchange office on February 19, 2023, in Moscow, Russia. Russia’s economy is beginning to feel the weight of Western sanctions, following the start of the war against Ukraine. Contributor | Getty Images News | Getty … Read more
An urban view of high-rise buildings at dusk as seen from Hong Kong’s Victoria Peak. Nurphoto | Nurphoto | Getty Images Hong Kong’s Hang Seng Index dropped more than 3% Tuesday, dragged by its real estate and energy sectors. The benchmark index’s loss of over 500 points is a significant decline, Everbright Securities’ Kenny Ng … Read more
The Bank of Japan could be forced into hiking rates sooner than expected if the Japanese yen weakens beyond 150 to the dollar, according to Bob Michele, global head of fixed income at JP Morgan Asset Management. Higher rates could then unwind the yen carry trade and spark a return of Japanese capital to its … Read more