Author name: xeronmer

ECB pumps billions of euros into weakened eurozone bond markets

The European Central Bank is using its pandemic-era bond-buying program to shield highly indebted eurozone countries from the effects of its decision to cancel stimulus programs in its bid to combat the inflation. The central bank made net purchases under its pandemic emergency purchase program in March, but is focusing reinvestments of maturing bonds on …

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The Biggest Change to Our Financial System in 50 Years Happens in November… | by Richard Knight | August 2022

International payments go blockchain (ISO 20022) Many cryptocurrency investors are looking to reap massive returns as the 50-year-old international payment system transitions to blockchain from November 2022. It is part of what is known as ISO 20022, a single standardization approach to be used by all financial standardization initiatives. The new normalization is expected to …

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How Bitcoin whales are causing a stir in the markets and moving prices

Taking their names from the size of the huge mammals swimming around the Earth’s oceans, cryptocurrency whales refer to individuals or entities that hold large amounts of cryptocurrency. In the case of Bitcoin (BTC), someone can be considered a whale if they hold more than 1,000 BTC, and there are less than 2,500. Because Bitcoin …

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stock market crisis: will the crisis in emerging markets eventually affect Dalal Street?

The crisis is deepening in emerging markets and the rift is widening far beyond obvious names like Pakistan and Nepal. When an economy celebrated in the not-too-distant past is on the doorstep of the IMF, one can understand the magnitude of the crisis in emerging markets. Once touted as a miracle economy, Bangladesh could now …

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Want to take advantage of rising interest rates? Open a new savings account

I opened a savings account the other day with a new player called Saven Financial that pays 2%. It took me about two minutes to open the account and a few more minutes to download and activate Saven’s mobile app. That’s all the effort needed to take advantage of the bright side of rising interest …

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Walmart faces inflation, overstock and overstaffing

Walmart has cut hundreds of corporate roles. The company has repeatedly sounded the alarm about inflation and economic uncertainty. Given Walmart’s influence and reach, its struggles could point to industry-wide struggles for retailers. Loading Something is loading. Walmart caused a stir on Monday by laying off around 200 company employees – a move that indicates …

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