The rally to start 2023 has been a pleasant surprise for investors who were battered in 2022. However, the strong move to the upside we saw over the past seven weeks looks like it is stalling and it may be time for a move to safer ground. One of the best strategies for investors now may be to move from […]

LONDON/NEW YORK (Reuters) – Markets, bracing for a “no landing” scenario where global economic growth is resilient and inflation stays higher for longer, are dialling back appetite for both risk assets and government debt.FILE PHOTO: A sign advertising job openings at Jenkinson’s Boardwalk is posted in Point Pleasant Beach, New Jersey, U.S., May 25, 2021. REUTERS/Joseph Ax/File PhotoFor months, investors […]

The U.S. Securities and Exchange Commission has sued Terraform Labs, the developer of now-collapsed Terra Luna and TerraUSD stablecoin, and the company’s CEO, Do Kwon, for allegedly orchestrating a multibillion-dollar cryptocurrency fraud. The lawsuit comes nearly nine months after the high-profile collapse of the Terra ecosystem. SEC Claims Terra Was Not Decentralized, Not Finance On Wednesday, the SEC filed a […]

Napster, the pioneering pre-blockchain music streamer, makes its first big move in the Web3 space. As one of the top 5 NFT music marketplaces, Mint Songs is now in the hands of Napster. However, this acquisition is one of the many planned as the new iteration of Napster tries to find its footing in the world of web3. Napster Revisiting […]

Westpac has reported a small rise in the proportion of customers who have missed a payment on their mortgage, credit card or personal loan, in an early sign of rising living costs squeezing household finances. At the same time, however, the bank also said there had been a decline in the number of borrowers who are more than 90 days […]

If you believe some of the top Wall Street strategists, the 2023 rally is almost over. J.P. Morgan said last weekend that the current rally is likely to be the high point for this year, while Morgan Stanley’s Mike Wilson, who made a strong bearish call last year, feels that lows for stocks will come in the spring, noting that […]

Treasuries moved notably lower during trading on Wednesday, extending the downward trend seen over the past several sessions. Bond prices came under pressure in morning trading and remained firmly negative throughout the afternoon. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, climbed 4.8 basis points to 3.809 percent. The ten-year yield closed higher for […]