The executive predicted that the blockchain technology of cryptocurrencies will usher in “the next generation of markets.” 05 December 2022 12.51 Bitcoin, Ethereum and others cryptocurrencies majors suffered a big drop this year (although Elon Musk sent a small cryptocurrency considerably higher). The price of bitcoin has plunged by around 70% since the end of … Read more
Blackrock The wealth manager is under pressure to focus more on ESG criteria. (Photo: Reuters) New York In the dispute over the ESG criteria of wealth managers, Florida has announced as another US state that it will withdraw funds from BlackRock. The chief financial officer responsible, Jimmy Patronis, justified the move on Thursday by saying … Read more
Drastic jump in interest rates off the table Wall Street celebrates relief rally 07/15/2022 11:03 p.m There are many reasons for concern in the financial markets at the moment. But robust economic data, weakening inflation and a clear interest rate communication from the US Federal Reserve are making Wall Street cheerful. Bank stocks in particular … Read more
oil rig Brent oil hit its highest level since 2011 this week. Investors are puzzled as to how the oil price development will affect the markets. (Foto: Getty Images) Frankfurt Over the past two months alone, the price of oil has risen by around a third. Brent oil also hit its highest level since 2011 this … Read more
Frankfurt Even the war in Ukraine will probably not avert the forthcoming turnaround in interest rates: For the first time in decades, the major central banks are planning an abrupt change in monetary policy. The British central bank has recently raised interest rates twice in a row, and the US Federal Reserve will follow suit … Read more
Brussels, Moscow, London, New York Despite the efforts of the Europeans, the chance of a peaceful solution to the conflict with Russia over Ukraine is dwindling. Russian President Vladimir Putin has recognized the self-proclaimed People’s Republics of Donetsk and Luhansk in eastern Ukraine as independent states. The Kremlin chief signed a corresponding decree on Monday … Read more