The Bank of Japan kept its benchmark interest rate steady at “around 0.25%” — the highest rate since 2008 — at the conclusion of a two-day meeting Friday.
While the decision is in line with Reuters poll estimates, economists largely see another rate hike by end of the year.
The verdict...
Asia-Pacific markets rose in choppy trading Thursday, as investors assessed the Federal Reserve’s decision to cut interest rates by a half-percentage point.
Japan’s Nikkei 225 rose 2.53%, while the broad-based Topix climbed 2.41%. The Japanese yen weakened 0.68% to 143.24 against the U.S. dollar.
The Fed lowered its benchmark borrowing rate by a...
The company's latest plans were revealed, and generally speaking, investors approved of them.
Investors generally liked what they heard about Snap's (SNAP 2.65%) "partner summit" that took place on Tuesday, as the company's news inspired a nearly 3% increase in its stock price the day after. That performance was strong enough to beat the...
The U.S. Federal Reserve lowered its benchmark fed funds rate by 50 basis points to 4.75%-5% on Wednesday, marking the first rate cut in four years after the central bank's most aggressive hiking cycle.
"The Committee has gained greater confidence that inflation is moving sustainably toward 2 percent, and judges...
The mantra of ‘blockchain, not Bitcoin’ is one that institutional investors have repeated for years as a way to highlight the potential the technology holds to transform financial markets, and according to one of Bitcoin’s (BTC) biggest critics, the underlying technology is already being used to transform the business...
Coinbase's recent innovation could transform Bitcoin from digital gold into a powerful DeFi asset, unlocking billions in untapped potential.
Although Bitcoin (BTC 3.69%) remains the most valuable cryptocurrency in the world, it lacks much of the functionality other cryptocurrencies possess today, particularly smart contract capabilities. Without smart contracts, Bitcoin holders...
SINGAPORE, Sept 18 (Reuters) - The dollar steadied on Wednesday as stronger-than-expected U.S. retail sales had traders slightly trimming bets that the U.S. easing cycle will begin with an outsized interest rate cut.
The Federal Reserve is expected to make its first interest rate cut in more than four years...
Fresh data coming in has revealed that Canada's newly expanded Trans Mountain pipeline (aka TMX) is indeed delivering on its promise to diversify the country’s crude oil markets. According to data from Vortexa via Bloomberg, Canadian oil producers have shipped about 28 million more barrels of crude off the...
Bitcoin price is trading 16% above the local low of $52,546 reached on Sept. 6, leading analysts to believe that this reversal could be the start of a path to new all-time highs.
“Bitcoin’s Local structure turned back to bullish here, after closing higher than the previous September high, and...
Institutional adoption of bitcoin is accelerating as supply and demand factors shift and financial giants begin to take notice.
Last week, inflows to crypto investment products rebounded to top $430 million thanks in large part to Bitcoin ETFs, according to CoinShares.
Roundtable anchor Rob Nelson discusses these developments with Brian Dixon,...
