The Bank of England cut interest rates by 0.25% Thursday 7th November 2024, even as Labour’s budget announcement confuses the outlook for future policy easing. The anticipated reduction, marking the central bank’s second this year, lowers the key rate to 4.75%. Financial markets had forecast a high probability of the quarter-point decreaseRead More →
China exports reportedly rose by 12.7% year on year to $309.06 billion in October 2024 – the highest jump since March 2023 when they rose 14.8% according to recent data reports. Imports, however, declined by a more-than-expected 2.3% in October, according to customs data. The world’s second-largest economy is facingRead More →
Bitcoin’s origin is one of the most captivating mysteries of the digital age. The cryptocurrency was created in 2008 by an unknown individual or group under the pseudonym Satoshi Nakamoto. Despite numerous investigations, the true identity of Nakamoto remains shrouded in secrecy. Story The story of Bitcoin begins with theRead More →
Bitcoin, which could benefit from relaxed regulation, soared to an all-time high and topped $76,000. Bitcoin rallied Wednesday 6th November 2024, hitting all-time highs as former President Donald Trump defeated Vice President Kamala Harris to win the election an become the 47th U.S. president. The price of Bitcoin touched a fresh record ofRead More →
The Dow, S&P 500 and Nasdaq all hit new highs! Stocks rallied sharply on Wednesday 6th November 2024, with major indices hitting record highs, as Donald Trump won the 2024 presidential election. It looks like the Trump rally has already begun. The Dow Jones Industrial Average surged 1,508.05 points to a recordRead More →