Fed will ‘definitely’ pause hikes, but the cycle is not yet done, Standard Chartered CEO says
The U.S. Federal Reserve looks set to temporarily pause its aggressive interest rate hikes, but it has not yet finished the job, Standard Chartered said Monday.
This little-known education stock from Brazil can surge 70%, Morgan Stanley says
Morgan Stanley says the recent sell-off in Brazilian digital education company Vitru shares presents an attractive entry point.
Bitcoin slides after network congestion leads Binance to briefly halt withdrawals
A recent surge of interest in NFTs on Bitcoin has led to congestion on the network and a pause of user withdrawals by Binance, the biggest crypto exchange.
Ripple will have spent $200 million fighting SEC lawsuit, CEO says
Ripple will have spent $200 million by the time its legal battle with the U.S. Securities and Exchange Commission is over, CEO Brad Garlinghouse said Monday.
Berkshire Hathaway shares rise as investors cheer earnings beat and Geico’s quick turnaround
Berkshire Hathaway rose Monday as Warren Buffett’s conglomerate won over investors with strong earnings and an insightful weekend “Woodstock for Capitalists.”
Coinbase CEO says SEC is on ‘lone crusade,’ dials back on suggestion exchange may relocate
Brian Armstrong, Coinbase’s CEO, said the SEC is on “a lone crusade” with Chair Gary Gensler taking a “more anti-crypto view.”
Oil’s sharp slide has surprised markets. But some traders now see a bottom for prices
The recent whipsaw of oil prices are bottoming out, analysts forecast, with a more significant pickup in subsequent quarters in the cards.
Binance lifts block on bitcoin withdrawals amid heavy volumes
Binance temporarily shut bitcoin withdrawals late Sunday and early Monday, blaming a glut of pending transactions as it didn’t offer miners high enough rewards.
‘A very problematic market’: As Arm shuns London, tech investors question UK as an IPO destination
British chip designer Arm recently decided to list in New York, leading to worries that London will miss out on more blockbuster tech IPOs.
European stocks set to rise at the start of the week, traders digest rate hikes; FTSE closed
European indexes are set to start the week on a stronger footing, as traders look to more corporate earnings, economic data and a Bank of England rate decision.
