Nobel economist says Bitcoin will go bust, questions its utility
Nobel laureate Eugene Fama warns Bitcoin may be worthless in 10 years, arguing its volatility prevents it from being a viable currency. His remarks reignite...
Tag : financial markets
U.S. consumers ramp up retail spending in July despite high prices
Consumer spending in the U.S. experienced a notable boost in July, with retail sectors like autos and electronics leading the gains....
UAE IPOs accumulate $890 million in second quarter 2024
UAE's IPOs raise a robust $890 million in Q2 2024, with significant listings on the Abu Dhabi and Dubai exchanges....
Standard Chartered to launch Bitcoin and Ether trading desk
Amid subdued Bitcoin volatility, Standard Chartered is launching a direct trading service for cryptocurrencies....
Gold prices drop as strong US dollar curbs record rally
With the US dollar maintaining its robust stance, gold and other precious metals experienced declines from recent peaks....
US national debt skyrockets to record $34.4 trillion
US national debt hits record $34.4 trillion, raising alarms over fiscal policy and market stability. Experts warn of dire consequences....
Treasury yields rise on positive retail data and central bank remarks
Treasury yields spiked to a five-week high, propelled by solid retail sales and key remarks from the Federal Reserve....
Investor focus on Federal Reserve policy shifts Treasury yields upward
U.S. Treasury yields witnessed a rise as investors deliberated over the economic outlook and financial market trajectory for the upcoming year. As the year nears its...
Gold prices rally amid U.S. dollar decline and economic data anticipation
In recent Asian trading sessions, gold has witnessed a noticeable uptick, rebounding from its most significant weekly decline since June. This surge is primarily attributed...
UAE and Morocco forge new path with innovative partnership declaration
In a landmark move, UAE President Sheikh Mohamed bin Zayed Al Nahyan and Moroccan King Mohammed VI have fortified their countries’ ties with a groundbreaking...