breaking

Unlikely bets on breaking the Hong Kong dollar peg add up

Unlikely bets on breaking the Hong Kong dollar peg add up

SINGAPORE/HONG KONG, Dec 5 (Reuters) – This is what markets call “tail risk”: a highly unlikely scenario in which Hong Kong’s currency peg suddenly collapses. Still, market prices suggest betting on such a shock is building in the hedge fund world, and some traders say that makes a lot of sense. Billionaire fund manager Bill …

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DXY bounces off major support, reducing Bitcoin's chances of breaking the $17.2,000 resistance

DXY bounces off major support, reducing Bitcoin’s chances of breaking the $17.2,000 resistance

On December 2, the US Dollar Index (DXY), an index that measures the strength of the dollar against a basket of major foreign currencies, hit 104.40, the lowest level seen in 5 months. To recap, the weight of the US dollar against the basket of major foreign currencies has risen 19.6% in 2022 through September …

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Spelling wooden blocks

Are EFTs better than mutual funds? Breaking down the differences

Exchange-traded funds, or ETFs, and mutual funds are often used interchangeably because they share many similarities and can achieve the same crucial investment goal: diversifying your portfolio. Both allow investors to buy a basket of assets, usually a mix of stocks and bonds, which have been selected by teams of expert investors. But there are …

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The places where Twitter is already breaking

The places where Twitter is already breaking

As reports come in hour after hour of mass resignations, office closuresemergency meetings and general Muskian chaos, former Twitter employees are warning of impending problems, and users across the United States are bracing for the impending death of the platform. Fairly reasonable, given the massive departures really impacted the teams in charge of traffic, content …

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