MX is one of a handful of infrastructure companies that have helped facilitate the growth of the fintech ecosystem in recent years.
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Stocks making the biggest moves premarket: DoorDash, Didi, Philips and others
These are the stocks posting the largest moves before the bell.
Kim Kardashian and Floyd Mayweather sued by investors over alleged crypto scam
A class action lawsuit accuses Kim Kardashian and Floyd Mayweather of artificially inflating the price of the cryptocurrency EthereumMax.
UBS says the Fed is likely behind the curve in shrinking its balance sheet
Fed Chairman Jerome Powell said Tuesday that he expects a series of interest rate hikes this year.
Goldman cuts China GDP target for 2022 — and exports aren’t the problem
Goldman Sachs cut its 2022 forecast for China’s economic growth Tuesday in expectation of increased restrictions on business activity to contain omicron.
Stock futures gain as December CPI report comes in about as expected
Futures were modestly higher early Wednesday after a rebound in the market with the tech-heavy Nasdaq Composite gaining more than 1% for a second straight day of gains.
JPY Q1 2022 Fundamental Forecast: USD/JPY, Fed, Labor Market Eyed
The anti-risk Japanese Yen had a mixed performance against its major peers throughout the fourth quarter of 2021. It weakened against haven-oriented currencies, such as the US Dollar and Swiss Fran…
US MBA mortgage applications w.e. 7 January +1.4% vs -5.6% prior
Prior -5.6%Market index 580.6 vs 572.8 priorPurchase index 283.4 vs 277.3 priorRefinancing index 2,349.8 vs 2,351.3 prior30-year mortgage rate 3.52% vs 3.33% priorDespite a 19 bps jump in the long-term rate to 3.52% – the highest since March 2020 – mortgage applications were higher in the past week
A look back at markets when US inflation was at 7% the last time
Yes, it has been that long and pandemic aside, we would not be here awaiting a 7% print in US CPI later today.So, how did markets look like back then?
10-year Treasury yields were at 14%
S&P 500 index was at 110
Gold was at $350
USD/JPY was at 250
In the context of today’s leve
WTI crude stays upbeat after break above $80
Oil has pretty much put behind the omicron drop to start the new year and the break above $80 yesterday is another good sign of the recent bullish momentum for the commodity.
Price is looking perky once again today, with the high touching $81.99 before easing back to around $81.50 currently.
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