European Central Bank (ECB) Hikes Interest Rates by 50 Basis Points, First Hike in 11 Years

Prior to this development, the ECB had kept rates at historic lows in negative territory since 2014. The European Central Bank (ECB) decided to hike interest rates on Thursday for the first time in 11 years. The central bank resorted to this in an attempt to control inflation in the eurozone. However, the magnitude of the […]

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Dow Jones Rally 754 Points Ahead of Corporate Earnings Announcements

Markets make a strong rebound with some analysts believing that the bottom could be already in. Banking giants make strong gains on Tuesday. On Tuesday, July 19, all three US stock indices witnessed a strong rally as traders showed confidence ahead of the corporate earnings report. Many traders on Wall Street believe that the bottom […]

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G20 Nations Agree on Need for Collaborative Effort on Crypto Regulation

G20 nations have agreed on a common reporting standard that will ensure financial stability in their economies. Between July 15 and 16, a G20 Ministerial Symposium on Tax and Development took place in Bali, Indonesia. The meeting had in attendance, central bank governors, finance ministers, and other top government officials and representatives from across the […]

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