Introduction The central bank of Sri Lanka has taken the market by surprise with a decision to cut interest rates, signaling a shift in strategy aimed at revitalizing the country’s economic recovery. This move reflects growing confidence that Sri Lanka’s worst financial crisis is behind it, with inflation easing, government revenues improving, and the pressure…
Introduction There has been a surge in the amount of money flowing into money market funds, driven by higher interest rates and investors seeking greater cash returns. With over $5 trillion invested in these funds, it is expected that this cash will eventually make its way back into the stock market, boosting asset prices as…
Introduction Global stocks and commodities experienced gains on Friday, while the US dollar faced its largest weekly drop since January. The positive market sentiment was driven by indications that the Federal Reserve may not raise interest rates at its next meeting and the approval of US debt ceiling legislation. Investors are now eagerly awaiting the…
Introduction Rivian Automotive Inc., the electric vehicle startup that made headlines with its IPO in November 2021, is facing potential removal from the Nasdaq 100 Index. The company’s shares have plummeted over 90% from their record high, leading JP Morgan Securities to speculate that Rivian may no longer meet the index’s inclusion criteria. This development…
Introduction: U.S. Senator Elizabeth Warren has raised concerns about the use of cryptocurrencies in funding the illicit fentanyl trade, emphasizing the need for tighter regulation of the crypto industry. During a Senate Banking Committee hearing, Warren highlighted the significant quantities of precursor drugs being exchanged for cryptocurrencies, potentially resulting in the production of billions of…
Introduction: Governments and mining companies are facing mounting pressure to accelerate the permitting process for new mines in order to meet the surging demand for critical minerals required for the clean energy transition. As the world shifts towards low-carbon technologies and renewable energy sources, the need for minerals such as copper, zinc, and others has…
Overview: The latest data from the ADP National Employment report paints a promising picture for the U.S. job market, as private payrolls exceeded growth predictions in May. This healthy rate of job creation might influence the Federal Reserve’s monetary policy, possibly leading to prolonged high interest rates. Despite a modest deceleration in job growth compared…
Introduction: In light of the growing worries about a potential economic downturn and its impact on financial markets, even experienced investors are proceeding with caution. Cliff Asness, the co-founder and CIO of AQR Capital Management, has expressed concerns about the disparity between stock and bond markets. While bond prices indicate the possibility of a recession,…
Oil markets steadied on Thursday, influenced by a complex interplay of economic factors ranging from potential U.S. interest rate holds to increasing crude inventories. The cautious optimism offered by the passing of a crucial vote on the U.S. debt ceiling bill also played a part, setting the stage for a nuanced picture of the oil…
In a world where cryptocurrency has found its way into mainstream discussions, the recent deal struck between President Joe Biden and House Speaker Kevin McCarthy on the U.S. debt ceiling carries significant implications for the future of crypto regulation. Buried in the details of the agreement is the conspicuous absence of the proposed Digital Asset…