Record U.K. wage growth depicts looming fear over inflation embedding
U.K. wage growth has shaken the eurozone markets as the country battles wild inflation rates. Investors are digesting the report, which shows inflation could run wild for a little longer.
US Treasury Secretary Janet Yellen becomes second U.S. Cabinet member to visit China in a month
US’s Janet Yellen is in China for bilateral business talks as the relations between the two countries have become sour recently. Yellen is now the second member of the U.S. Cabinet to visit the Asian super economy in a month, among high-profile visitors who have been there for business purposes like Elon Musk and Apple’s Tim Cook.
Balaji Srinivasan: De-dollarisation is decentralization
Balaji Srinivasan has reflected on central banks buying gold as fiat money continues to weaken globally as economic factions grow, showing worrying times ahead that inflation may continue for a while longer. He claims that the cited central bankers are relocating funds from riskier investments as a strategy to brace against a de-dollarisation impact.
Fuel-Saving Strategies: A Comprehensive Guide to Minimizing Gas Consumption and Saving Money
With fuel costs representing a significant portion of household budgets, finding ways to save on gas consumption can make a notable difference in overall expenses.
Mastering Grocery Shopping on a Budget: 30 Effective Tips for Smart Budgeting
Grocery shopping is a necessity, but it can also be a significant expense for many households. However, with the right strategies and mindful planning, you can save money while still enjoying nutritious meals
Twitter secures money transmitter licenses in three US states
Twitter has secured licenses to operate as a money transmitter in Missouri, New Hampshire, and Michigan, setting the stone rolling for its dream of becoming a financial service provider. Elon Musk disclosed this plan when taking over the social media giant last year to set it apart from the growing competition.
Money market funds get record inflows in the U.K.
Investors in the U.K. have flocked into money market funds, according to a June report from Calastone, in the second-highest move of its kind in the country’s history. The move comes when the U.K. economy is in distress due to the rising inflation rate dragging costs of living up with it.
Yay, it’s the fourth of July America! Let’s reflect on financial freedom too!
It’s refreshing for all Americans as you celebrate your country’s independence. Fintech Express wishes you all a happy time. However, we also wish to make you reflect on what financial freedom and independence could mean to your lives
Britain gets left behind as the only major economy with rising inflation rates
Britain keeps experiencing increased economic pressure as inflation levels remain higher than its competing economies despite numerous rate hikes. The country is expected to endure a longer period of tough markets owing to interest rate hikes to tame inflation for the better part of the year.
President Ruto in distress as High Court dismisses CASes days after suspending controversial Finance Act
Kenya’s High Court deemed President Rutos’ 50 assistant cabinet secretaries unconstitutional just days after suspending the highly controversial Finance Act. The decision follows an uproar of continued overspending from the Kenyan government while the country is in financial distress.
Oil markets calm down after Russia’s coup attempt fails
Oil Markets have calmed down due to the brokerage of the peace deal between rebel Yevgeny Prigozhin, the head of the Wagner group, and President Putin. Prigozhin had led his army of mercenaries to the Russian capital in an attempt to eject President Putin for attacks on his men.
Cameron Winklevoss believes “The great accumulation” of Bitcoin has begun
Cameron Winklevoss, a Gemini co-founder, believes that the great accumulation for BTC is here with different TradFi institutions racing to buy in. His comments come when BlackRock, the world’s largest investment manager, filed for an ETF, prompting its competitors to follow suit.