Tag Archives: Story of the Day

Coinspeaker10-Year Treasury Yield Rises in the US Following Minutes of Last Federal Reserve Meeting The 10-year Treasury yield rose while the 2-year yield fell as investors considered the implication of the Federal Reserve's meeting minutes. 10-Year Treasury Yield Rises in the US Following Minutes of Last Federal Reserve Meeting

CoinspeakerUK Inflation Sees Sharp Drop in July as Core and Services Show Mixed Trends While the easing of headline inflation is welcome news for consumers, experts are paying closer attention to the underlying trends.  UK Inflation Sees Sharp Drop in July as Core and Services Show Mixed Trends

CoinspeakerStocks Fall as Global Economic Worries Weigh on Wall Street US financial giants witnessed their shares slide as credit rating downgrades cast a shadow over the sector. Stocks Fall as Global Economic Worries Weigh on Wall Street

CoinspeakerGold Prices Expected to Hit $2,500 as Recession Fears Continue Analysts and stakeholders expect gold prices to rise as the year runs out because of macroeconomic factors and recession risks. Gold Prices Expected to Hit $2,500 as Recession Fears Continue

CoinspeakerPayPal Launches Its Native Stablecoin PayPal USD (PYUSD) PayPal assures its users that PYUSD is fully backed by USD, reserve with funds supporting the stablecoin, while addressing concerns about issuing unbacked tokens. PayPal Launches Its Native Stablecoin PayPal USD (PYUSD)

CoinspeakerSaudi Arabia’s Sovereign Wealth Fund Reports $16B Loss From Crash in Investment Portfolio Saudi Arabia's investment fund has reported a heavy loss worth billions of dollars from economic factors that reduced its many investments. Saudi Arabia’s Sovereign Wealth Fund Reports $16B Loss From Crash in Investment Portfolio

CoinspeakerRevolut to Close US Crypto Services Due to Uncertain Regulatory Position From October 3, customers in the US will no longer be able to use Revolut to buy, sell, or hold any cryptocurrencies. Revolut to Close US Crypto Services Due to Uncertain Regulatory Position

CoinspeakerEurozone Q2 GDP Beats Expectations, Inflation Down but Economists Still Fear Recession While inflation in Eurozone shows signs of slowing down, it still remains much higher than the targeted 2%. Economists also pointed out other cracks in the Eurozone economy. Eurozone Q2 GDP Beats Expectations, Inflation Down but Economists Still Fear Recession

CoinspeakerEuropean Central Bank Tackles Inflation with 25 BPS Rate Hike As the global economy continues to recover from the COVID-19 pandemic, the Eurozone is facing increasing chances of inflationary pressures. European Central Bank Tackles Inflation with 25 BPS Rate Hike

CoinspeakerTreasury Yields Decline as Investors Remain Cautious about US and Global Economy Treasury Yields are falling further due to general uncertainty in the market regarding interest rates and monetary policies. Treasury Yields Decline as Investors Remain Cautious about US and Global Economy