U.S. Dollar Spikes Up After PCE Data

The U.S. dollar firmed against its major counterparts in the New York session on Friday, as a key inflation reading matched expectations, supporting expectations for a rate cut next month. Data from the Commerce Department showed that the personal consumption expenditures (PCE) price index rose by 0.2 percent in July after inching up by 0.1...

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Wall Street Whales Test Blockchain Waters: Goldman Sachs, BNY Mellon in Pilot

Major Wall Street whales, including Goldman Sachs, BNY Mellon, and Cboe Global Markets, have successfully concluded a large-scale pilot test utilizing blockchain technology on the Canton Network. The series of pilot tests successfully concluded on the Canton Network makes it one of the largest-scale experiments utilizing blockchain technology in capital markets. Wall Street Whales Successfully...

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European Shares Set To Rally As Fed Begins Easing Cycle With A Bang

European stocks may open on a buoyant note Thursday after the U.S. Federal Reserve kicked off an anticipated series of interest rate cuts with a larger-than-usual half-percentage-point reduction, expressing greater confidence about inflation and reiterating its commitment to supporting maximum employment. The focus now shifts to a Bank of England (BoE) policy meeting later today,...

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