Recent News
Asia FX Battered by Hawkish Fedspeak, Dollar Back at 20-Year Peak
by GalaxyNews | September 28, 2022 | Financial Market, Stock market | 0 Comments
Asian currencies plummeted on Wednesday, while the dollar surged to new 20-year highs on hawkish comments from Federal Reserve officials and growing safe haven demand. The dollar index jumped 0.4% to a new 20-year high of 114.68, while dollar index futures rose in a...
Indian economy showing resilience and recovery: CEA
by GalaxyNews | September 27, 2022 | Financial Market | 0 Comments
However, there are challenges, and geopolitics is messy for which foreign investors are cautious, the CEA said. Chief Economic Advisor (CEA) V Anantha Nageswaran has said the Indian economy was on the path to recovery but cautioned that foreign investors may remain...
Oil Prices Hover Near 8-Mth Low as Recession Fears Dent Outlook
by GalaxyNews | September 26, 2022 | Financial Market, Stock market | 0 Comments
Oil prices held near eight-month lows on Monday after falling sharply last week, as markets feared that slowing global economic activity will dent demand for crude. London-traded Brent oil futures rose 0.3% to $85.29 a barrel, while U.S. West Texas Intermediate...
CFPB Study Outlines Need for “Buy Now, Pay Later” Rules
by GalaxyNews | September 24, 2022 | Financial Market | 0 Comments
Researchers found BNPL often relies on data collection and other consumer risks. The Consumer Financial Protection Bureau (CFPB) is gearing up to place the same type of stringent protections it places on credit card companies on the “Buy Now, Pay Later” (BNPL)...
Gold Steadies Despite Rate Hike Headwinds, Set For Flat Week
by GalaxyNews | September 23, 2022 | Financial Market | 0 Comments
Gold prices steadied on Friday, and were set to end the week largely unchanged as selling pressure from a hawkish Federal Reserve appeared to have eased. Bullion prices showed surprising resilience this week after the Fed hiked rates and struck a more hawkish tone...
A difficult candidate test, broken job promises and refund dispute: Unacademy’s Relevel comes under fire
by GalaxyNews | September 22, 2022 | India | 0 Comments
With the growth engine sputtering, funding slowing down and the spectre of regulation looming large, there are many curveballs that Unacademy and its peers will have to grapple with in the coming months. At a time like this, Gaurav Munjal has been extremely bullish on...
Asian Stocks Slammed by Fed Rate Hike Risks
by GalaxyNews | September 21, 2022 | Financial Market | 0 Comments
Asian stock markets sank on Wednesday, tracking overnight losses on Wall Street as investors awaited an interest rate hike and more hawkish signals from the Federal Reserve. Hong Kong’s technology-heavy Hang Seng index continued to lag its peers, falling...
10-year yields highest since 2011 before expected Fed rate hike
by GalaxyNews | September 20, 2022 | India | 0 Comments
Data last week showed higher-than-expected consumer prices in August, dashing hopes that the worst of rising price pressures may be in the past. Benchmark 10-year U.S. Treasury yields jumped to their highest level since 2011 on Monday as investors adjusted for the...
Dow Futures Tick Higher After Indices Post Their Worst Week Since June
by GalaxyNews | September 19, 2022 | India, Stock market | 0 Comments
US. stock futures were trading slightly higher during Sunday’s evening deals, after major benchmark indices posted their greatest weekly losses in 3 months, with investors remaining cautious amid persistent inflation fears ahead of Federal Reserve’s two-day meeting...
Will Mining Die With Ethereum 2.0?
by GalaxyNews | September 17, 2022 | Financial Market, Stock market | 0 Comments
The crypto community is celebrating the coming of Ethereum 2.0, however, there are also concerns for miners. Since Ethereum has switched to a proof-of-stake model, mining Ether will no longer be necessary. Due to this, mining machinery will become obsolete, leaving...