Chris Ryan | Getty Images Investors are bracing for 2023 amid stock market volatility, rising interest rates and geopolitical risk — with many carrying recession fears into the new year. But despite economic uncertainty, financial experts point to timely opportunities, urging investors to put cash into the market, rather than leaving it on the sidelines. … Read more
The fall of crypto giants this year reignited questions about the stability of cryptocurrencies and their impact on fiat ecosystems. Hong Kong Monetary Authority (HKMA) assessed the situation and found that the instabilities of crypto assets, including asset-backed stablecoins, can potentially spill over to the traditional financial system. The HKMA assessment on asset-backed stablecoins pointed … Read more
The wild swings in the nickel price have pointed up the long road ahead for the London Metal Exchange in its efforts to regain the market’s confidence in using its global benchmark for trading the precious metal. The price of high purity nickel for delivery in three months under the LME contract fell 15 per … Read more
OKB, the native token of the OKX Exchange, has recorded substantial gains today in a bearish crypto market. The utility token saw a price surge of 4.63% on the day, registering a local high of $20.80. It also surged over 11% on its weekly chart, joining the likes of Toncoin and Trust Wallet Token to … Read more
Months of market swings have taken a heavy toll on retirement savers. The average 401(k) balance sank for the third consecutive quarter, and is now down 23% from a year ago to $97,200, according to a new report by Fidelity Investments, the nation’s largest provider of 401(k) plans. The financial services firm handles more than … Read more
Plunging cryptocurrency prices are not the only consequence of this week’s FTX-induced crypto contagion. Significant market volatility this week induced by the collapse of the FTX exchange has impacted stablecoins with many of them de-pegging temporarily. According to CryptoQuant senior analyst Julio Moreno, nearly all leading stablecoins have experienced some level of peg volatility this … Read more
Carlyle Group has suffered a sharp slowdown in fundraising and a decline in assets under management as the private equity group searches for a new chief executive after the abrupt departure of Kewsong Lee in August. The $6bn in new investor commitments received in the quarter was less than the $10bn it raised in the … Read more
Data shows the crypto market fear has been mirroring the volatility in the market recently, as the latest burst in the price of Bitcoin has improved investor sentiment. Crypto Fear And Greed Index Escapes Out Of “Extreme Fear” Zone The “fear and greed index” is an indicator that tells us about the general sentiment among … Read more
Comcast narrowly beat Wall Street estimates in the third quarter despite volatility in the UK and Europe, tough comparisons with the year-ago Tokyo Olympics quarter and ongoing cord-cutting. Earnings per share came in at 96 cents, six cents better than analysts’ consensus estimate. Total revenue also cleared the bar at $29.8 billion, though it was … Read more
The Bitcoin price is currently so stable that some experts are already jokingly comparing it to a stablecoin. However, from a historical perspective, this low volatility level carries a lot of risk. As Glassnode reports, BTC is trading in an incredibly small range of $869, separating the weekly low and high by just 4.6%. Glassnode … Read more