European bank stocks plunged hard on Friday as investors continued to derisk following the collapse of Credit Suisse and several other banks in the United States. These equities also plunged after their credit default swaps (CDS) dropped, signaling that investors are afraid about the industry. In the UK, the NatWest (LON: NWG) share price led […]Read More

The Nifty 50 index continued drifting downwards as trades digested the new allegations about Adani’s empire. The index slipped to a low of 16,850, meaning it has slipped by over 10% from the highest point this year. This means that it has entered a correction zone. New Adani allegations The Nifty 50 and Sensex indices […]Read More

Following a 25 basis points increase in interest rates this week, Fed Chair Jerome Powell assured in his press conference that “all depositor savings” in the United States are safe. Was Powell behind the recent sell off in stocks? That came as bit of a relief for markets after the recent bank failures. Powell’s remarks […]Read More

Shares of Ford Motor Co (NYSE: F) ended slightly in the red today after the legacy automaker said its electric vehicles business lost $2.1 billion in 2022.    Ford’s EV unit to remain in loss this year On Thursday, the car company also guided for another $3.0 billion of adjusted operating loss for that segment […]Read More

Moderna Inc (NASDAQ: MRNA) has been in focus recently after revealing plans of raising price of its COVID shot by a staggering 400%. Moderna is facing a patent infringement lawsuit CEO Stephane Bancel dubs the increase “necessary” since the government funding that’s pivotal to developing the vaccine is now coming to an end. But Tucker […]Read More

In an earlier article for Invezz regarding the Fed’s November 2022 meeting, I referred to the 2% trap, Perhaps global central banks, in a bid to maintain credibility have committed themselves too firmly to the 2% level. As per my knowledge, there is nothing hallowed about this number and it certainly would make little sense […]Read More

The crypto community is surprised at how badly Biden’s administration is missing the point in terms of what the sector offers. Indeed, several experts have expressed their reservations regarding what the White House published in its Economic Report for the President 2023. What did the White House say about crypto in its report? Basically, the […]Read More

TikTok CEO Shou Zi Chew says employees at ByteDance – the China-based parent of the short video app may still have access to U.S. user data. Rep Rodgers says TikTok is a threat Testifying to the House Energy and Commerce Committee on Thursday, Chew confirmed that they’ll lose that access once Project Texas is complete. […]Read More