November 7, 2024

Bank of Canada keeps cutting rates but bonds still attractive

THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Exclusive articles from Barbara Shecter, Joe O’Connor, Gabriel Friedman, and others. Daily content from Financial Times, the world’s leading global business publication. Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account. National Post ePaper, an electronic replica of the

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November 7, 2024

US Big Four Bank Citi and Fidelity International Unveil Proof of Concept of an On-Chain Money Market Fund

American investment bank Citi and asset manager Fidelity have teamed up to develop a blockchain-based investment fund that can power real-time settlements. In a statement, Citi and Fidelity International introduce the proof-of-concept of an on-chain money market fund (MMF) with digital foreign exchange (FX) swap that can execute programmable multi-asset transactions on-chain, which is not possible with traditional market infrastructure. The two firms say the tokenized MMF has the potential

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November 7, 2024

Cardano (ADA) Whales Are Waking Up As Price Shoots 10%

Cardano (ADA) is currently in the limelight after reclaiming the top 10 position in overall ranking. The Cardano ecosystem has litted up with multiple metrics including price and whale activity are on the rampage at the moment. As of writing, ADA was changing hands at $0.3925, up by 10.59% in 24 hours. This has helped it displace Toncoin (TON) from the tenth position in the market. Cardano and the Whale

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November 7, 2024

US Federal Reserve Cuts Interest Rate By 25 Basis Point

The US Federal Reserve announced a 25 basis point (bps) rate cut following its November FOMC meeting. This development is undoubtedly significant, considering the impact it could have on the Bitcoin price and broader crypto market. US Federal Reserve Announces 25 Bps Rate Cut In a press release, the US Fed announced its decision to cut interest rates by 25 bps, just about two months after it cut them by

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November 7, 2024

Why Trump-Themed Coins are Crashing After US Election Results?

Donald Trump’s US election victory on Wednesday and the resulting euphoria failed to boost the price of Trump-themed memecoins, mostly due to so-called ‘sell the news’ trend. These tokens, which had seen significant gains earlier in the week, dropped by double digits following his win. Some of the popular memecoins shed over 25% in market capitalization just a day after the victory, including TRUMP, MAGA, and TREMP. Trump-Themed Tokens Suffer

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November 7, 2024

Trump’s stock market victory rally might not last long, Goldman Sachs says. Here’s why

The Dow closed 1,500 points higher on Wednesday, boosted by Donald Trump’s decisive election win and a possible Republican-controlled Congress, signaling strong market optimism. Alongside the stock rally, U.S. Treasury yields also increased, raising concerns among some analysts about market stability and the potential effects on equities. The 10-year Treasury yield rose over 14 basis points, reaching 4.433%—its highest level since July. Similarly, the yield on the 2-year Treasury climbed

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November 7, 2024

UK interest rates cut to 4.75% but Bank hints fewer falls to come

Getty Images UK interest rates could take longer to fall further after the Bank of England forecast that inflation will creep higher after last week’s Budget. The Bank cut interest rates to 4.75% from 5% in a move that had been widely expected. But it indicated that while the extra spending outlined in the Budget would initially boost growth, measures such as raising the cap on bus fares and VAT

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