Brent oil falls below $85 a barrel as dollar rises

An aerial view of Phillips 66 oil refinery can be seen in Linden, New Jersey, United States. Tayfun Cosku | Anadolu Agency | Getty Images Brent oil fell below $85 a barrel on Monday as fears of a recession weighed in and the US dollar rose. Brent futures for the November settlement fell to around … Read more

Britain’s jump to Reaganomics gets thumbs down from the markets

Truss has now set the country on an economic path that is completely at odds with most, if not all, of the major global economies. Hannah Mckay | Reuters LONDON — New British Prime Minister Liz Truss may have talked a lot about ‘trickle-down economics’ during her campaign this summer, but no one could have … Read more

From the Fed to the currency crisis in Europe, here’s what’s behind this sell-off in the financial markets:

Stocks fell sharply, bond yields rose and the dollar strengthened Friday as investors heeded the Federal Reserve’s signal that the battle with inflation could lead to much higher interest rates and a recession. The sell-off was global on Friday, in a week in which the Fed raised interest rates by another three-quarters of a point … Read more

Mass protests in Iran are regime’s biggest challenge in years

A protester holds a portrait of Mahsa Amini during a demonstration in support of Amini, a young Iranian woman who died after being arrested in Tehran by the Islamic Republic’s vice squad, on Istanbul’s Istiklal Avenue on September 20, 2022. Ozan Kose | AFP | Getty Images Protests rocking Iran over the death of a … Read more

Turkey cuts interest rates again despite 80% inflation

The number of Russian tourists to Europe dropped dramatically during the summer, but rose in several other destinations, including Turkey (here). Onur Dogman | Sopa images | Light rocket | Getty Images Turkey’s central bank surprised markets again with its decision Thursday to cut its key interest rate, despite inflation in the country soaring above … Read more

Bank of England raises, says UK may already be in recession

The Bank of England raised interest rates by 0.5 percentage point on Thursday. Vuk Valcic | SOPA images | Light Rocket | Getty Images LONDON — The Bank of England voted Thursday to raise the key rate from 1.75% to 2.25%, lower than the 0.75 percentage point rise many traders had expected. Inflation in the … Read more

Bitcoin (BTC) Surpasses $20,000 in ‘Bearish Rally’ as US Dollar Falls

Bitcoin prices came under pressure in 2022 following the collapse of algorithmic stablecoin terraUSD and subsequent bankruptcy filings from lender Celsius and hedge fund Three Arrows Capital. Nicolas Economou | Nurfoto | Getty Images Bitcoin rose 8% on Friday and bounced back above $20,000 as the US dollar weakened and shares rose. The world’s largest … Read more

Bitcoin (BTC) Price Drops Below $19,000 While Crypto Market Drops Below $1 Trillion

Bitcoin continues to trade in a tight $18,000 to $24,000 range, keeping investors on their toes about where the price is headed. The crytpo market is plagued by a number of problems, from collapsed projects to bankruptcies. Nurfoto | Getty Images Bitcoin fell below $19,000 on Wednesday morning, at one point reaching its lowest level … Read more

Market players are beginning to fear a major policy mistake by a central bank

A screen shows the Fed rate announcement as a trader (in a post) works on the floor of the New York Stock Exchange (NYSE) in New York, June 15, 2022. Brendan McDermid | Reuters The US Federal Reserve took an aggressive note last week as it fights inflation through monetary policy, but analysts are concerned … Read more

Stock trading lower; SoftBank falls after earnings report

SINGAPORE — Stocks in Asia-Pacific were mixed on a quiet data day on Tuesday as markets continue to process last week’s excellent US jobs report. Shares of SoftBank Group fell more than 6% after the Vision Fund reported a loss of 2.93 trillion Japanese yen ($21.68 billion) for the June quarter after market close Monday. … Read more