Tag: finance

Sterling falls as the BoE’s boost fades, and the euro falls as inflation data is released

Sterling and the euro fell on Thursday, while the US dollar recovered from a recent low as the Bank of England's intervention in bond...

‘Do not bet,’ says China’s central bank, regarding yuan speculation

Following the yuan's rapid decline against the US dollar this week, the People's Bank of China has warned against betting on it. "Do not bet...

The economy of Sri Lanka shrank by 8.4% in Q2

According to data released by the government statistics department on Thursday (Sep 15), Sri Lanka's economy shrank 8.4% in the April to June quarter...

Queen Elizabeth’s doctors sound health alarm

Family members rushed to Queen Elizabeth II's side after doctors expressed concern about the 96-year-old monarch's health on Thursday (Sep 8), saying she should...

How a 20-year-old USC student made $110 million from a Bed Bath & Beyond stock dump at the perfect time

Bed Bath & Beyond's stock price fell from more than $26 per share to under $20 in a matter of minutes around 2:00 p.m....

Bed Bath & Beyond, GameStop, and AMC are all experiencing growth as meme stock mania returns

Shares of Bed, Bath & Beyond (BBBY), GameStop (GME), and AMC (AMC) all surged on no news to start the week, with renewed attention...

As GDP declines by 0.9 percent, the US is officially in recession

According to the Bureau of Economic Analysis's recently released data, the US economy shrank for the second consecutive quarter. The Bureau said: “Real Gross Domestic...

Amid a Serious Economic and Political Crisis, Sri Lanka’s Central Bank Issues a Warning Regarding Crypto

"Public Awareness in Relation to the Use of Virtual Currencies in Sri Lanka," a notice about cryptocurrencies, was released by the Central Bank of...

After a metaverse pivot, Meta will slow hiring in 2022 and possibly layoff employees

The social media and technology business Meta, which switched its focus to metaverse technology, has launched a number of initiatives to support it in...