The head of global commodities research at Citigroup said that oil prices will continue to fluctuate sharply until it becomes clear whether Iran and US President Donald Trump can reach an agreement to end the war. Max Layton of Citigroup said on Bloomberg Television’s “Surveillance” on Thursday that it’s “very hard to predict” whether Iran […]
American Bitcoin Corp., a mining company backed by the Trump family, was established before the price of Bitcoin plunged from its historical high last year. The company has reported losses for the second consecutive quarter after the value of the Bitcoin it holds declined. The Miami-based company said in a statement Wednesday that it had […]
Bond traders are ramping up their bets that the next policy move by the Federal Reserve could be a rate hike rather than a cut. Swap contracts linked to the central bank’s interest rate decisions currently indicate that the probability of the Federal Reserve raising interest rates before April next year exceeds 50%, and it […]
According to informed sources, Christine Lagarde took the opportunity of a meeting of senior officials of the Group of Seven to question the optimism of Finance Minister Scott Bessent that the economic impact of a war with Iran would be short-lived. According to people familiar with the matter, Bessant downplayed the damage caused by weeks […]
The United Arab Emirates’ sudden announcement of its withdrawal from OPEC caught its partners, with whom it has cooperated for six decades, off guard. Now, OPEC will have to strive to maintain its influence in the rapidly changing global oil market. On Tuesday, officials from other member states were shocked as the long-standing tensions between […]
Wall Street strategists say that the Federal Reserve led by Kevin Warsh could push the $31 trillion US Treasury market out of its narrow trading range, urging investors to prepare for short-term yields to eventually fall. On Monday, US Treasury yields rose by 2 to 3 basis points, on track to record the narrowest monthly […]
When asked about the intense competition in the financial industry, JPMorgan Chase CEO Jamie Dimon said he was beginning to see similarities to the era before the 2008 financial crisis, when a lending boom ended in a disastrous outcome. “Unfortunately, we saw similar situations in 2005, 2006 and 2007 – when the tide rose, everyone […]
The appeal of arbitrage trading is reviving among investors such as DoubleLine Capital and VanEck Associates. The stabilization of the market after the ceasefire in the Middle East has strengthened investors’ risk appetite. Arbitrage trading refers to a trading strategy where funds are borrowed in a currency with a low interest rate and then invested […]
Tesla is expected to spend billions of dollars more this year to support Elon Musk’s ambition to transform the electric vehicle pioneer into an artificial intelligence and robotics company. The company disclosed on Wednesday that its capital expenditure this year will exceed $25 billion, approximately three times that of last year. This investment plan is […]
Cryptocurrency billionaire Justin Sun and his company have sued World Liberty Financial, a cryptocurrency project co-founded by US President Donald Trump, accusing the company of extortion and carrying out an “illegal scheme” to seize his tokens. In the lawsuit filed by Sun Yuchen in the federal court of San Francisco on Tuesday, he also claimed […]