Wall Street Declines Amid Investor Caution and Strong Retail Sales Data U.S. stock markets opened lower on Tuesday as investors exercised caution ahead of this week’s Federal Reserve decision on interest rates. The decline came in response to strong retail sales data, indicating sustained consumer demand. The Dow Jones Industrial Average dropped 61 points, or […]
n the summer of 2023, South Africa, a BRICS member, announced the acceptance of six new countries (Saudi Arabia, UAE, Egypt, Argentina, Ethiopia, and Iran) to join the bloc starting January 2024. This expansion is historic, as it includes three major oil-producing nations, potentially weakening the petrodollar, which has underpinned global oil trade since the […]
Digital currencies have witnessed remarkable development over the past decade, transitioning from an innovative idea to a key financial tool in global markets. They have become a significant factor in modern economic transformations, substantially contributing to the evolution and success of financial intermediaries. In this article, we explore the importance of digital currencies in enhancing […]
The euro fell on Thursday to $1.0521, hovering near its two-year low, driven by fears of a potential collapse of the French government. The ongoing political crisis in France, the eurozone’s second-largest economy, has raised concerns about Paris’s ability to legislate effectively and tackle its fiscal deficit, according to Reuters. Meanwhile, Bitcoin surpassed the $100,000 […]
What is a Financial Intermediary? A financial intermediary is an entity that acts as a bridge between two parties in a financial transaction. Examples include commercial banks, investment banks, pension funds, and mutual funds. These institutions provide various consumer benefits, such as asset security, liquidity, and economies of scale in banking and asset management services. […]
