Fed’s Barr: Concerned about the backlash of cryptocurrencies in the financial system

Nov 15 (Reuters) – Michael Barr, the Federal Reserve’s top financial regulator, said on Tuesday he was concerned about risks in the non-bank sector, including cryptocurrencies, for which the US central bank and other regulators have low visibility. “We are concerned about unknown risks in the nonbank sector,” Barr said in response to a question … Read more

Exclusive: Germany intensifies emergency cash plans to deal with the blackout

FRANKFURT, Nov 15 (Reuters) – German authorities are stepping up preparations for emergency cash deliveries in the event of a blackout to keep the economy running, four people involved said as the nation prepares for possible power outages. due to the war in Ukraine. The plans include the Bundesbank, Germany’s central bank, accumulating extra billions … Read more

Wall St Week Ahead The surge in US tech stocks leaves some investors doubtful that the rebound will last

NEW YORK, Nov 11 (Reuters) – Hopes that inflation is subsiding are fueling a surge in abused technology and megacaps, although some investors believe that still high valuations and doubts about companies’ earnings prospects may make a prolonged inversion is elusive. The tech-rich Nasdaq Composite Index (.IXIC) was up 8.1% this week, marking its largest … Read more

Colonna: Ukraine’s endgame could electrify world markets

LONDON, Nov 11 (Reuters) – Defusing this year’s biggest shock to the world economy could catalyze a rebound in global markets that many investors believe is lagging, but it could also raise other inconvenient puzzles. Rumors about some game ending in the 9-month Russian invasion of Ukraine – hints of anything from “talks about talks” … Read more

Analysis: FTX debacle makes investors rethink the battered cryptocurrency market

NEW YORK / LONDON, Nov 10 (Reuters) – With major cryptocurrency exchange FTX on the brink of collapse, some investors are beginning to question the viability of an industry already hit by the bitcoin bubble burst and the closure of key players. of the market. The cryptocurrency markets have come under severe pressure this year … Read more

FTX seeks $ 9.4 billion in bailout funds from rival-source investors

Nov 10 (Reuters) – FTX is looking to raise about $ 9.4 billion from investors and rivals, a source said Thursday, as CEO Sam Bankman-Fried urgently seeks to bail out the cryptocurrency exchange that was hit by a rush of customer withdrawals. In the past few hours, Bankman-Fried has been discussing raising $ 1 billion … Read more

Exclusive: Behind the Fall of FTX, the Battle Against the Billionaires and a Failed Offer to Save Cryptocurrencies

Nov 10 (Reuters) – (This story contains language that some readers may find offensive in paragraph 2) On Tuesday morning, Sam Bankman-Fried, owner of cryptocurrency exchange FTX, caught his employees off guard with a grim message. “I’m sorry,” he told them. “I fucked up.” The reason for the mea culpa: Its announcement half an hour … Read more

Analysis: Australia’s lopsided swap market creates pockets of price chaos

SINGAPORE / SYDNEY, Nov 8 (Reuters) – Volatility has exploded in a dark but important corner of Australia’s $ 113 billion a day interest rate derivatives market, with disruptions sweeping through fixed income products. Dealers say the typically stable market for trading fixed and floating rate payments has gone wild due to a combination of … Read more

The no-boom, no-bust economy chases the Democrats in the mid-term elections in the United States

WASHINGTON, Nov 7 (Reuters) – Household cash is near record highs in the United States and consumers are using it to pack restaurants, planes and buy new cars. The jobs are there to be taken. Net worth is 30% higher than before the pandemic, even more so for those in the lower half. And people … Read more

Analysis: Prices on the run have Central Europe on the ropes

Region struggling with inflation rates close to 20% Polls show sustained high inflation expectations Various moves by the government undermine the tightening of the central bank Some economists argue that high inflation could be lasting BUDAPEST / WARSAW, Nov 7 (Reuters) – While inflation in Western Europe is expected to be largely quelled within a … Read more