Chinese Central Bank Says It Will Prioritize Stabilizing Currency After Yuan Plunges to 14-Year Low Versus USD

Moments after the Chinese yuans onshore exchange rate versus the U.S. dollar slumped to 7.2458 por dólar, the Peoples Bank of China responded by stating that it will prioritize stabilizing the currency. Similar to other currencies that have been depreciating against......

Financial Giant State Street Sees Unwaning Crypto Demand From Institutional Investors

Investment management firm State Street says that institutional clients are not deterred from investing in crypto assets despite price declines. “There is a belief that the asset class is here to stay,” a State Street executive said. State Street on Institutional......

Southeast Asia’s Largest Bank DBS Enters the Metaverse

DBS, the largest bank in Southeast Asia, says it isthe first bank in Singapore to make a foray into the metaverse.A DBS executive explained thatThe metaverse presents exciting opportunities to redefine how we live, work and engage with......

Funko se asocia con el gigante del entretenimiento Paramount para lanzar NFT de Avatar Legends

En julio 29, the pop-culture consumer products firm, Funko, announced that the company has partnered with the multinational mass media and entertainment corporation Paramount Global. The two corporations plan to introduce a series of non-fungible tokens (NFT) based on the Avatar......

E-commerce Giant Ebay Files Trademark Applications Covering Wide Range of Metaverse, NFT Services

E-commerce giant Ebay has filed two trademark applications covering a wide range of products and services relating to the metaverse and non-fungible tokens (NFT). Ebays NFT, Metaverse Trademark Applications Ebay Inc. (Nasdaq: EBAY) filed two trademark applications with the United States......

Goldman Sachs President Warns of ‘Unprecedented’ Economic Shocks and Tougher Times Ahead

Global investment bank Goldman Sachspresident and chief operating officer has warned of unprecedented economic shocks and tougher times ahead. His statement echoes JPMorgan CEO Jamie Dimons warning that ahurricaneis coming our way. Goldman Sachs Presidents Warning About the......

Tesla CEO Elon Musk Has ‘Super Bad Feeling’ About US Economy — Biden Responds

Tesla and Spacex CEO Elon Musk says he has asuper bad feelingabout the U.S. economy. President Joe Biden responded with a list of major investments by large corporations and wished Musk luck on his trip to the moon. Elon......

‘Big Short’ Investor Michael Burry Warns of Looming Consumer Recession, More Earnings Trouble

Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, has warned of a looming consumer recession and more earnings trouble. He cited falling U.S. personal savings and record-setting revolving credit card debt despite trillions of dollars in stimulus......

Reporte: Préstamos de recompra secretos de la Fed a megabancos en 2020 eclipsado 2008 rescates, Espectáculos de volcado de datos $48 Billones en financiación sigilosa

Tras los controvertidos rescates bancarios y el Programa de Alivio de Activos en Problemas (LONA) en 2008, los informes muestran tarde 2019 y 2020, los Estados Unidos. La Reserva Federal participó en la provisión de billones de dólares en préstamos de recompra secretos a megabancos. A finales de marzo,......