Oil Steadies, Weak US Gasoline Demand Clouds Market
[ad_1] Oil prices edged up on Friday, led by strong demand in Asia after the commodity took a beating in the last few sessions. An outsized European Central Bank (ECB)…
CalPERS Posts First Annual Loss Since 2009 Financial Crisis
[ad_1] California Public Employees’ Retirement System (CalPERS) has posted a loss for the fiscal year 2021-22, the biggest U.S. pension fund said in a statement. What Happened: On a preliminary basis, the…
Fed’s Lost Credibility is Noted by RBA
[ad_1] The Australian Dollar made a 2-year low against the US Dollar in May as global central banks jockeyed for position in the fight on inflation. The monetary policy tightening…
Stocks chop, ECB abandons negative rates, bitcoin says, “Et tu, Musk?”
[ad_1] Wall Street is struggling to find reasons to be optimistic as investors digest a wrath of mixed corporate earnings, Russia resumes Nord Stream 1 gas flows, and the ECB…
Coinbase Was Already Investigating Insider Trading, Says CEO
[ad_1] Coinbase Global Inc COIN CEO Brian Armstrong said that his company had begun investigating inside trading on its platform much before three of its former employees were charged with fraud. What Happened: On…