U.S. Federal Reserve Vice Chair Michael Barr said that the Fed is keeping the situation under control, closely monitoring any problems that arise in the financial system. He also hinted that supervision of cryptocurrency may soon become stricter.
The U.S. dollar maintained its stability against other major currencies Tuesday as more Federal Reserve officials spoke in favor of even tighter U.S. monetary policy.
Japan's economic downturn came as risks of a global recession, a weak yen, and a sharp rise in the cost of imports weighed on both household consumption and business activity.
Based on the results of the policy meeting, which was held at the beginning of the month, the Reserve Bank of Australia (RBA) stated its intention to slow down the monetary policy tightening cycle by only a 25-basis-point increase in rates.
The trading team Stockmoney Lizards is convinced that Bitcoin will recover from the decline driven by a black swan event — FTX collapse. The popular blogger shared his thoughts on Twitter. In his opinion, Bitcoin has already faced such events, like the recent one.
Changping Zhao, CEO of leading cryptocurrency exchange Binance, called on industry peers to create clearer and uniform rules across the industry. In his view, implementing such rules can make the industry more stable.
The Boeing Company set hopes for a meeting of Joe Biden and Xi Jinping which will take place on Monday. It has been 3.5 years since Chinese airlines received the last few Boeing 737 Max airplanes.
Kemi Badenoch, trade minister of the United Kingdom, is going to pay a working visit to Washington next Monday for a meeting with politicians and appealing to business sphere.
Haruhiko Kuroda, BOJ’s governor, said the central bank will continue monetary easing to provide timely economic support and ensure steady inflation accompanied by rising wages in the country.
Disney is holding back its spending after reporting that the company fell short of Wall Street's earnings guidance for the latest quarter. In the memo, Bob Chapek also confirmed that the company is expecting staff cuts.
