Slideshow ( 5 images )BERLIN (Reuters) -Police said they had ended a suspected hostage-taking in the eastern German city of Dresden on Saturday, after evacuating a shopping mall in the historic city centre and shutting the famous Striezelmarkt Christmas market. “All-clear! The hostage situation in #Dresden is over!” police said on Twitter, adding that two people who appeared to be […]

There is an old saying that when all you have is a hammer, everything looks like a nail. Central banks’ hammer is interest rates, and with rising inflation, the banks have no choice but to use that hammer to beat down inflation. And hammering the nail too hard for too long in an attempt to stop inflation also hammers down […]

More than 70% of S&P 500 companies reported a positive EPS surprise for the third quarter of 2022, according to data from FactSet. The earnings growth rate for the third quarter is around 2.5%, the lowest since the third quarter of 2020. On the other hand, of the 97 S&P 500 companies that have issued guidance for the fourth quarter […]

Osmosis, a Cosmos-based DEX, launched a stableswap that allows users to trade several stablecoins. The new feature lets users buy and sell a wide range of centralized stablecoins like USDC, USDT, BUSD, as well as those that are new to the Cosmos ecosystem. Osmosis Introduces Stablecoin Trading Exchange as Part of the New Upgrade Cosmos-powered decentralized exchange (DEX) Osmosis has […]

US stock market volatility measure VIX surged Wednesday, at one point going as high as 22.91, the highest level in more than two weeks. Meanwhile, the US stock market indices are all down, with S&P 500, DJIA, and Nasdaq Composite tumbling 0.25%, 0.19%, and 0.61%, respectively. Benchmark US Stock Indexes in the Red Cboe volatility index (VIX) is up more […]

According to a recent report, hedge fund Fir Tree is suing Digital Currency Group’s Grayscale. Reportedly, the aim of the complaint is to force Greyscale to reduce fees and resume redemptions. Additionally, Fir Tree is allegedly seeking to prevent DCG’s Bitcoin Trust from converting into a spot BTC exchange-traded fund. Fir Tree Sues Grayscale Reportedly, the complaint filed by Fir […]

The three major U.S. equity indexes closed lower Monday. The Dow Jones industrials ended the day down by 1.4%, the S&P 500 closed 1.79% lower and the Nasdaq retreated 1.93%. All 11 sectors closed lower, with consumer cyclicals (−2.95%) and energy (−2.94%) falling the most. Utilities (−0.6%) and health care (−0.99%) posted the smallest losses. On Monday, the Institute for […]