markets
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What does the crypto industry expect from the Fed’s meeting?
- January 27, 2022
- Posted by: MasterAdmin
- Category: Altcoins
No CommentsNew Delhi: The global crypto industry is awaiting the outcome of the Fed’s two-day policy meeting, which will be released on Wednesday. The hawkish stance from the Fed and signals of four rate hikes in 2022 has spooked the global markets lately.With a sharp correction in global equity markets, particularly in tech stocks, the crypto cart followed the carnage and eroded wealth worth $1 trillion from the global crypto market cap.However,…
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Billionaire investor Howard Marks says he’s worried about excessive inflation — and shares 2 strategic investments for the current environment
- January 20, 2022
- Posted by: MasterAdmin
- Category: Altcoins
Howard Marks.
Screengrab via Bloomberg
Howard Marks is worried about “excessive” inflation and said it isn’t desirable.
“Higher inflation means higher interest rates, higher interest means lower asset prices,” he told Bloomberg Tuesday.
He shared two ways investors can prepare for an era of inflation.
Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Legendary investor Howard Marks has joined a list of top business leaders ringing the inflation alarm.…
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SoFi soars 17% after it get approval to become a bank, but the green light comes with the condition that it can’t do any business in crypto
- January 20, 2022
- Posted by: MasterAdmin
- Category: Cryptocurrency
Pavlo Gonchar/SOPA Images/LightRocket via Getty Images
SoFi Technologies surged after it received conditional approval from the OCC to create a full-service national bank. The good news, however, came with a caveat: SoFi cannot engage in any activity relating to crypto. The stock jumped 17% to $14.19 in pre-market trading on Wednesday. Sign up here for our daily newsletter, 10 Things Before the Opening Bell.…