Digital-asset brokerage Genesis tries to find new funds for its credit unit in various ways. The company also plans to inform potential investors about the risk of bankruptcy. According to the insiders, this will happen if the company fails to raise the necessary funds.
Gold prices rose on Tuesday, ranging between a two-week low. This is due to the Fed’s hawkish stance that pushed the dollar higher.
S&P Global Ratings predicts that the corporate default rate could reach 3.75%. This will likely happen if the U.S. Fed, instead of lowering inflation, achieves a slight economic downturn through its actions. In case of the recession, the projected rate increases to 6%.
CEO Randhir Thakur is leaving Intel Corp. He managed a key part of the chip maker's transformation plan
According to a statement made on Tuesday by Japanese Finance Minister Shunichi Suzuki, it’s currently important for the country to give close attention to the defense budget.
Freeport LNG has yet to seek permission from the U.S. Department of Transportation's Pipeline and Hazardous Materials Safety Administration (PHMSA) to restart operations at the Texas plant. The customers raised doubts that the facility may not return to service by the end of the year.
Investors managed to shake oil prices by manipulating speculation about supply and demand. It was unclear what supply would be, and there were fears that demand would fall in China due to COVID-19 restrictions. However, the oil prices succeeded to recover.
On Monday, the head of Fed in San Francisco Fed Mary Daly declared that it is still too early to refuse a new rate hike. When asked by journalists about the next meeting, she replied that the rates still require to be discussed.
After the dollar eased yesterday's gains, investors turned to the safe-haven currency as they worried about the COVID-19 outbreak in China.
On Monday, November 21, Governor of People's Bank of China (PBOC) stated that the current course of the country’s monetary policy demonstrated its effectiveness and provided strong support to the real economy.
