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Inflation Expectations of Eurozone Consumers ‘Increased Significantly,’ ECB Says

Inflation Expectations of Eurozone Consumers ‘Increased Significantly,’ ECB SaysConsumers in the euro area have sharply raised their expectations about inflation in the coming months, the European Central Bank revealed. Survey data showing this comes after the monetary authority slowed the pace of its rate hikes last week while indicating that it’s still early for a pause. ECB Registers Heightened Consumer Expectations About Inflation […]

Gensler’s Anticipated Exit Raises Questions: Who Will Lead the SEC Next?

Gold Slides on Higher US Treasury Yields, Dollar

Gold Slides on Higher US Treasury Yields, DollarPrices of gold, and other precious metals, fell on Wednesday due to stronger U.S. yields and national currency. The decline comes on the backdrop of expectations of new interest rate increases next month amid persistent inflation in the United States and elsewhere. Gold and Silver Slip as Investors Bet on Another Rate Hike in May […]

Gensler’s Anticipated Exit Raises Questions: Who Will Lead the SEC Next?

NYDFS Releases Guidance on Importance of Segregation and Separate Accounting for Customer Funds in Crypto Industry

NYDFS Releases Guidance on Importance of Segregation and Separate Accounting for Customer Funds in Crypto IndustryOn Monday, the New York Department of Financial Services (NYDFS) published guidance on custodial structures to help protect customers’ money if a crypto firm goes bankrupt. New York’s top financial regulator stressed that businesses should not commingle customer funds and that customer funds should be segregated with separate accounting. FTX Collapse Prompts NYDFS to Issue […]

Gensler’s Anticipated Exit Raises Questions: Who Will Lead the SEC Next?

Rate Hikes Needed to Reduce Eurozone Inflation Despite Recession, Top ECB Official Says

Rate Hikes Needed to Reduce Eurozone Inflation Despite Recession, Top ECB Official SaysInterest rates will continue to rise while the euro area falls into recession, a high-ranking executive at the European Central Bank (ECB) has indicated. His statements follow the latest rate increase announced by the monetary authority last week and revised projections showing higher than previously expected inflation in Europe ahead. ‘We Have No Choice But […]

Gensler’s Anticipated Exit Raises Questions: Who Will Lead the SEC Next?

Capgemini: Nine out of Ten Consumers Interested in the Metaverse

Capgemini: Nine out of Ten Consumers Interested in the MetaverseA report issued by Capgemini, a consulting firm, has found that most consumers are at least curious about the metaverse and what it might bring to their lives. The report, which also examined consumer and company expectations of immersive experiences, explains that many are already taking advantage of the metaverse concept. Capgemini: Metaverse Seeing Interest […]

Gensler’s Anticipated Exit Raises Questions: Who Will Lead the SEC Next?

ECB Survey Finds 10% of Eurozone Households Own Crypto Assets

ECB Survey Finds 10% of Eurozone Households Own Crypto AssetsOne in every 10 households in six eurozone countries has acquired cryptocurrencies, the European Central Bank (ECB) has found with a new survey. While the richest are most likely to own crypto assets, poor families are not far behind, the poll indicates. Dutch Households Lead in Terms of Crypto Ownership, ECB Survey Shows Every tenth […]

Gensler’s Anticipated Exit Raises Questions: Who Will Lead the SEC Next?

Hedge Funds Aim for $300 Billion in Crypto Assets Within 5 Years, Survey Shows

Hedge Funds Aim for 0 Billion in Crypto Assets Within 5 Years, Survey ShowsHedge funds are likely to significantly increase their crypto holdings, a global poll of chief financial officers has indicated. According to an average figure based on their forecasts, the funds will keep more than 7% of assets in cryptocurrency within the next five years. Hedge Fund CFOs Expect Sizable Increase in Crypto Investments The survey, […]

Gensler’s Anticipated Exit Raises Questions: Who Will Lead the SEC Next?