• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Statoil: The Snøhvit project has been delayed from its original schedule, and the estimated cost of the project has now exceeded 20 billion Norwegian kroner.On December 22nd, Federal Reserve Governor Milan stated that with the recent adjustments to monetary policy, the necessity of his previous advocacy for a 50-basis-point rate cut has diminished. Milan pointed out that some unusual fluctuations in previous inflation data were partly related to the government shutdown. These unusual signals indicate that the Feds policy stance should be adjusted towards a more accommodative direction. He emphasized that he currently sees no risk of the economy falling into recession in the short term, but believes that the neutral interest rate level has clearly shifted downward, and monetary policy must reflect this structural change. If the policy rate fails to continue to decline to approach the new neutral level, it may actually increase the risk of an economic recession. Furthermore, regarding his own term, Milan admitted that he is still uncertain whether he will remain in office. He stated: "If no successor is confirmed by the end of January, I will assume that I will continue to serve."According to CNBC, Trian and General Catalyst will acquire asset management firm Janus Henderson for $49 per share in cash, valuing the latter at approximately $7.4 billion, a 6.5% premium over Fridays closing price.Lockheed Martin (LMT.N) is partnering with ManTech to advance AI-based support for the U.S. combat aircraft fleet.Market news: Mexican President Simbaum will launch a plan to boost public and private investment.

Crypto Market Daily Highlights – DOGE Led a Mixed Top Ten Session

Lorna Divakar

Dec 23, 2022 15:51


The top 10 cryptocurrency exchanges had a choppy Thursday session. While BNB and BTC defied the top ten trend, DOGE took the lead. It is noteworthy that BTC missed $17,000 for the sixth time in six sessions.


The crypto market plunged into the red before regaining support as a result of US economic indices and business results.


Initial unemployment claims increased to 216k in the week ending December 16. Economic experts predict a rise to 222k. Additionally, US GDP data for Q3 came in hotter than anticipated. The US economy grew by 3.2% in Q3, up from a preliminary 2.9%. The economy shrank by 0.6% in Q2.


Both reports confirmed the pessimistic Fed and FOMC economic forecasts, which caused riskier assets to decline.


By announcing layoffs in reaction to a decline in demand for computer chips, Micron Technology Inc (MU) contributed to the gloomy sentiment. In reaction, the S&P 500 fell by 1.45% and the NASDAQ Index fell by 2.18%.


The late comeback was brought about by a NASDAQ Index recovery from session lows since there were no crypto news pieces to provide guidance. The main cryptocurrency news item of the day was the $250 million bail posted by former FTX CEO Sam Bankman-Fried.


US economic statistics and cryptocurrency news wires will provide guidance today. Personal expenditure and US inflation will have an impact. Updates on the FTX and regulatory rumors will also need to be taken into account. The NASDAQ mini was down 27.5 points this morning.


Greater-than-anticipated US inflation data would offer the Fed more justification to maintain its aggressive interest rate trajectory, further escalating concerns about an impending economic crash.