US Billionaire Recommends Sticking To Cash – And Not Buying Bonds
American billionaire Ray Dalio sent a clear message while speaking at a conference in Singapore, saying he’s holding a tight wallet, and not interested in lending his money.
Binance US chief risk officer and head of legal resign
Binance US, the US operations branch of the largest crypto exchange, is seeing more departures of its key employees this week. Chief Legal Officer Krishna Juvvadi and Chief Risk Officer…
US budget deficit up more than half
The U.S. budget report for August reveals that interest expenses now stand at a record-breaking $808 billion since the beginning of the year. For the first 11 months of the…
Euro down after ECB rate hike
The euro fell after the European Central Bank hiked interest rates and warned that inflation is still too high. The bank expects inflation to slow to 2.1% only in 2025.…
US inflation rises to 3.7%, exceeding expectations
US inflation rose 3.7% year-on-year in August, exceeding forecasts, as petrol prices rose. On a monthly basis, the headline rate of consumer prices increased 0.6%. The US Federal Reserve’s next…
EU may impose tariffs on Chinese electric cars that are too ‘cheap’, says von der Leyen
The European Commission launched an investigation on Wednesday to assess whether the EU needs to impose tariffs to protect European consumers from cheap Chinese electric vehicle producers. “Global markets are…