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US central bank confirms rate hike outlook, gold weakens in response

The gold price fell below $1,850 per troy ounce during Thursday's trading. Investors reacted to the Federal Reserve's meeting in early May. It implies that US...

US Mortgage rates touch new highs, another housing bubble?

According to a MoneyTransfers.com analysis, the 30-year fixed-rate mortgage (FRM) leaped to 5.27% on May 5, 2022, a 13-year high.  Contrastingly, the FRM was...

US Strategic Petroleum Reserves fall to lowest level since 1987

The volume of US strategic reserves fell by five million barrels last week, the US Department of Energy said. The price of oil...

Bitcoin is facing another massive sell-off. Cryptocurrency weakens in the wake of...

Just one week was enough for Bitcoin's price to plummet by almost 28 percent. Moreover, the value of the most widely used cryptocurrency...

The US Federal Reserve raised interest rates. It was the largest single...

We understand the negative impact of significantly higher inflation on households. Inflation is unpleasant, but the process of reducing it will also be...

US government alloys $3 billion to boost electric car battery production

White House chief Joe Biden wants electric car share of new car sales to rise to at least 50 percent by the...

Dollar became the strongest in five years

The upcoming Federal Reserve meeting is slowly leading to a rise in demand for the US dollar. The markets expect the Fed to...

The dollar is the strongest against a basket of currencies in...

The energy crisis and the war in Ukraine are impacting currency markets. While the US dollar is enjoying investor interest and benefiting from...

Ukraine war has slowed post-covid economic recovery, says IMF

A military conflict in Ukraine will hit the economically developed countries the hardest (besides Ukraine and Russia). Their gross...

Are governments able to set up continuity plans?

Companies around the world have spent heavily on business continuity plans while many governments are still struggling to set up similar solutions in order...

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