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UK faces economic stagnation in Q3 as dominant services sector falters
According to the Financial Times (FT), the UK economy stalled in quarter three as the services sector lost steam. The 0.1% growth in Q3 was way below the 0.5% expansion in Q2 and the 0.2% expected by economists.Cryptopolitan
Nov 15, 2024
Japan’s economy cools, but rate hikes are still very much on the table
Japan’s economy grew for a second straight quarter, but don’t start celebrating just yet. The pace slowed, thanks to summer’s typhoons and an earthquake warning that kept people indoors and cautious. Preliminary government data dropped on Friday, confirming a modest 0.2% bump in GDP from July to September compared to the previous quarter. Economists had […]Cryptopolitan
Nov 15, 2024
Stablecoin startup BVNK pursues funding after major deal Stripe
Stablecoin startup BVNK has reportedly initiated private talks with investors to raise $50 million in a new funding round. The news follows Stripe's October announcement of the acquisition of the stablecoin startup Bridge.Cryptopolitan
Nov 15, 2024
Goldman Sachs’s Bitcoin ETF positions soar: $461M in IBIT, 156% jump in BITB
Goldman Sachs is doubling down on Bitcoin, reveals the latest fillings. The investment bank just expanded its holdings in BlackRock’s iShares Bitcoin Trust (IBIT) to a staggering $461 million. It is an 83% increase from its previous position. This leap has marked Goldman Sachs as the second-largest holder of IBIT. Its position now stands at […]Cryptopolitan
Nov 15, 2024
The Federal Reserve is soft-launching the idea of no December rate cut – What’ll happen to markets then?
The Federal Reserve might be saying, without actually saying it, that there’s no rate cut coming this December. Traders caught on fast, slashing their bets on a quarter-point cut from 80% to less than 60% in just one day. Fed Chair Jerome Powell called the U.S. economy’s performance “remarkably good,” which sounds nice but actually […]Cryptopolitan
Nov 15, 2024
