The recent imposition of new Canadian trade tariffs on China has led to a weakening of most Asian currencies. The Chinese yuan saw a slight rise following Canada’s decision to impose a 100% import tariff on Chinese electric vehicle imports, with additional tariffs on Chinese steel imports. The escalation of trade tensions between China and
The crypto market has witnessed an unprecedented surge in the number of millionaires and billionaires over the past year. According to a report by New World Wealth and Henley & Partners, the population of crypto millionaires has increased by a staggering 95%, with 172,300 individuals worldwide holding more than $1 million in crypto assets. The
The upcoming National Basketball Association season has left Dallas Mavericks and New Orleans Pelicans fans wondering how they will be able to watch their local games. Both teams are parting ways with their regional sports networks owned by Diamond Sports, as confirmed in a recent bankruptcy court filing. With the NBA season scheduled to kick
Tower Health, a nonprofit regional healthcare system based in Pennsylvania, has been facing significant challenges in recent years. To help address these issues and avoid a potential bankruptcy scenario, the organization has announced plans for a financial restructuring. This restructuring involves exchanging outstanding debt for new bonds, with the goal of providing Tower Health with
The last week of August is known for being a low-volume time for markets. However, investors are facing a number of important decisions this week. Looking back at Federal Reserve Chair Jerome Powell’s speech on Friday, the market action was discussed, as well as some key picks ahead of Nvidia’s earnings on Wednesday. Callie Cox
With the Federal Reserve expected to reduce interest rates in September, another significant change could be looming at the end of the month. The National Flood Insurance Program (NFIP) is set to expire on September 30th, which may create temporary challenges for individuals looking to buy or sell a home, or refinance an existing mortgage.
As technology continues to advance, the world of cryptocurrency is constantly evolving. Tokyo-based Slash Vision Labs is taking a big step forward by listing their token (SVL) on Gate.io, a popular cryptocurrency exchange. This move is set to open up new opportunities for the Asian market and beyond, as Slash Vision Labs aims to enhance
Asian currencies showed strength on Monday as the Japanese yen saw a significant rise amid growing speculations that the Federal Reserve would lower interest rates in September. This led to the dollar hitting a 13-month low, causing most regional currencies to extend their gains from the previous week. Comments made by Fed Chair Jerome Powell
In recent years, there has been an increased interest in investing in U.S. manufacturing, driven by rising trade tensions and efforts to boost domestic production. Both Republicans and Democrats have been pushing for policies that support the expansion of the manufacturing sector. Bank of America’s ETF strategist, Jared Woodard, recently launched coverage of funds that
The recent arrest of Pavel Durov, the creator of the popular messaging app Telegram, has sent shockwaves throughout the cryptocurrency community. Durov, a 39-year-old entrepreneur, was apprehended at Le Bourget airport on Saturday night on a slew of charges including terrorism, drugs, complicity, fraud, and money laundering. If convicted, he could face up to 20