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“Euro falls below parity with dollar amid surging inflation” The euro fell below the dollar for the first time in two decades before inching back above parity after data on Wednesday showed US consumer price inflation surged to a more than 40-year high in June. The single currency plunged to $0.9998 against the greenback on…
“Microsoft cuts earnings, sales forecast due to strong dollar” Microsoft Thursday cut its fourth-quarter forecast for profit and revenue, making it the latest US company to warn of a hit from a stronger greenback and sending its shares down 1.5% in midday trading. A hawkish Federal Reserve and heightened geopolitical tensions have driven a 14% gain in the dollar…
“#Afghanistan on brink of economic and humanitarian collapse” KABUL, Afghanistan — Ever since the Taliban took over Afghanistan’s capital on Aug. 15, the country’s already fragile economy has spiraled into despair. Foreign assistance, which previously propped up the nation of 38 million, was immediately frozen. The US halted $9.4 billion in reserves to the country’s…
“#New federal regulations could spur cryptocurrency crash” Ask Wall Street’s C-suite types about cryptocurrencies, and they all admit they’re getting into them one way or another. But keep asking questions, and they’ll tell you something else, too: the market is ripe for a crash. The crypto crash, according to top executives I’ve recently spoken with,…
“#Former JPMorgan trader sentenced to prison for currency rigging” If you want to watch Movies or TV series visit the Dizi.BuradaBiliyorum.Com A former JPMorgan Chase foreign exchange trader was sentenced Thursday to eight months in prison, following his November 2019 conviction for conspiring with traders at other banks to rig currency trades. Akshay Aiyer, 37,…