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The SEC has a stablecoin firm in its sights — and it could shake up the whole $137 billion market

February 20, 2023 by admin

The U.S. Securities and Exchange Commission (SEC) could be gearing up to take action against Paxos, over the issue of whether Binance USD (BUSD) is a security.

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Beijing is ‘watching closely’ if Russia succeeds in Ukraine, NATO says, flagging rising China challenge

February 19, 2023 by admin

NATO Secretary-General Jens Stoltenberg said China is closely watching Russia’s success in Ukraine, with the war’s outcome likely to have major reverberations in Asia-Pacific.

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China’s rebound is the biggest unknown facing oil markets, IEA chief says

February 17, 2023 by admin

The International Energy Agency’s executive director said Friday that the biggest uncertainty facing global energy markets is the extent to which China rebounds from its extended closure.

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‘Boring is the new sexy’ as UK’s stock index closes above 8,000 for the first time

February 17, 2023 by admin

The FTSE 100 index closed above 8,000 points for the first time on Thursday, but one analyst said U.K. stocks “remain incredibly cheap.”

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Charlie Munger says BYD is so far ahead of Tesla in China ‘it’s almost ridiculous’

February 15, 2023 by admin

Charlie Munger said Wednesday that Tesla pales in comparison to BYD in China, calling the Chinese electric vehicle maker his favorite stock ever.

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China’s economic recovery is off to a slow start

February 15, 2023 by admin

Preliminary economic data indicate overall growth isn’t yet roaring back since mainland China ended its Covid controls in early December.

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Inflation report due Tuesday has the potential to deliver some bad news

February 13, 2023 by admin

All market eyes Tuesday will be on the release of the Labor Department’s consumer price index.

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U.S. shoots down a fourth high-altitude object as lawmakers demand more information

February 13, 2023 by admin

Members of Congress say they have not been briefed about four high-altitude objects downed in the airspace above the U.S. and Canada.

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Google employees criticize CEO Sundar Pichai for ‘rushed, botched’ announcement of GPT competitor Bard

February 10, 2023 by admin

In addition to a slide in its stock, Alphabet is facing criticism from employees following the announcement of its ChatGPT competitor this week.

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U.S. shoots down second ‘high altitude object’ days after Chinese spy balloon

February 10, 2023 by admin

The object was destroyed by a missile from an F-22 fighter plane off the northeastern coast of Alaska.

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