Category: fears
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US Inflation Data to Remain Firm, Feeding Fears of Higher Rates
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Breadcrumb links BMN Business Forecasters expect the monthly report on US consumer prices to show a fifth month of strong increases, strengthening the case for an extended pause in interest rate cuts from the Federal Reserve. Article writer: Bloomberg News Matthew Busler Posted on January 14, 2025 • 3 minutes…
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Stocks Are Close to Wiping Out Trump Bump as Rate Fears Kick In
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(Bloomberg) — It’s the round-trip ticket that no one on Wall Street wanted. Most read from Bloomberg The S&P 500 on Monday briefly fell below where it finished on November 5, just before Donald Trump was elected president, and closed just above that level on Monday. Investors are dumping stocks…
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Sterling tumbles as bond yields soar, fanning fears over UK public finances
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The British pound suffered its biggest three-day drop in nearly two years this morning, as investors continued to unload British government debt and turn to the US dollar. By early trading, the pound fell 0.9 percent against the dollar to $1.226, briefly touching its lowest level since November 2023. The…
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Pound sinks to nine-month low as recession fears grip UK manufacturing
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The pound fell to its lowest level since April after stark warnings from an influential survey that Britain could be on the brink of an industrial recession. The pound fell 1% against the dollar on Thursday, falling below $1.24, amid growing fears the UK economy is faltering. In stark contrast,…
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Bitcoin Set To Hit $350,000 Despite BlackRock Sell-Off Fears, Robert Kiyosaki Says
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“Rich Dad, Poor Dad” author and Bitcoin (BTC) enthusiast Robert Kiyosaki has backed the leading cryptocurrency to reach a price of $350,000 in 2025. This bold prediction comes alongside critical comments against asset management firm BlackRock, which Kiyosaki accuses By trying to manipulate the BTC currency. price. BlackRock Sells Bitcoin…
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Bitcoin ‘Head and Shoulders’ Setup Raises Fears Of $80,000 Price Drop
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This article is also available in Spanish. Although Bitcoin (BTC) remains range bound – trading between the $90,000 and $100,000 price levels – some cryptocurrency analysts are predicting a price correction. maybe The price will be in sight due to the formation of a bearish “head and shoulders” pattern on…
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‘no overnight fix’ amid fresh tax hike fears
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Sir Keir Starmer warned on Monday that the prospect of a rapid economic recovery remains elusive, as official figures confirmed the UK economy stagnated in the third quarter. Downing Street stopped short of denying the possibility of a tax increase, raising concerns among businesses that the government’s package of fiscal…
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UK Inflation Jumps to Eight-Month High Amid Fears of Stagflation
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Breadcrumb links BMN Business UK inflation rose to an eight-month high in November, raising fears that the economy will enter the new year burdened by so-called “stagflation” – anemic growth and high price rises. Article writer: Bloomberg News Irina Angel and Tom Rees Posted on December 18, 2024 • 2…
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Are Crypto Banks In Danger? FDIC ‘Pause Letters’ Spark Fears Of Operation Chokepoint 2.0
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A cryptocurrency exchange has accused the US government of undermining the cryptocurrency sector by organizing an anti-crypto campaign. Coinbase revealed that the US Federal Deposit Insurance Corporation (FDIC) is using tactics to discourage financial institutions from engaging in cryptocurrency-related activities. FDIC: Stay away from cryptocurrencies Coinbase claimed that the Federal…
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Investors rush to withdraw pension funds amid fears of tax hikes in upcoming budget
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Investors are withdrawing money from their pension funds in increasing numbers, fearing potential tax increases in the next budget. AJ Bell, one of the UK’s largest manual wealth managers, has reported a spike in pension withdrawals, as clients move to secure tax-free lump sums ahead of potential changes by the…
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Business owners speed up plans to sell amid fears of tax rises in upcoming budget
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Growing concerns about tax rises have prompted nearly 30% of UK business owners to accelerate plans to sell their companies, according to new analysis by wealth management firm Evelyn Partners. The survey, of 500 business owners with revenues of at least £5m, found that 29% of respondents had accelerated their…
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Business owners speed up plans to sell amid fears of tax rises in upcoming budget
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Growing concerns about tax rises have prompted nearly 30% of UK business owners to accelerate plans to sell their companies, according to new analysis by wealth management firm Evelyn Partners. The survey, of 500 business owners with revenues of at least £5m, found that 29% of respondents had accelerated their…
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BNB Under Siege: Failed Recovery Sparks Fears of Deeper Losses
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BNB finds itself under renewed selling pressure as its latest recovery attempt fails, leaving the cryptocurrency vulnerable to further losses. Despite the brief upward move, BNB’s failure to break through key resistance levels has raised concerns about a deeper decline. With technical indicators pointing to potential weakness ahead, the question…
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Business confidence dented by fears of higher taxes in budget
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Business confidence fell for the first time in a year amid growing concerns about potential tax rises in the upcoming budget. According to the latest Business Confidence Report from the Institute of Chartered Accountants in England and Wales (ICAEW), confidence among businesses fell from 16.7 in the second quarter to…
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One-third of homes for sale now chain-free as tax fears loom ahead of budget
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A third of homes currently for sale in the UK are chain-free, as landlords and second homeowners rush to sell amid speculation about potential rises in capital gains tax in the next Budget. According to Zoopla, a real estate search site, the number of agreed-upon home sales is up 25%…
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Israelis shunning NIS 200 bills due to abolishment fears
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With the Israeli government considering scrapping the 200-shekel banknote to fight the black economy and tax evasion, some Israelis are reportedly already taking action. Although the Bank of Israel has poured cold water on the idea, saying that “no sufficiently well-founded professional justification has been provided,” there are reports of…
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Bitcoin Jumps 22% Post-Fed Rate Cut, Yet Key Resistance Sparks Crash Fears – Bitfinex
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Bitcoin (BTC), the world’s largest cryptocurrency, has surged more than 22% over the past two weeks to trade at around $63,200, after a sharp drop to $52,000 on September 6. That’s the highest level Bitcoin has reached in nearly two months. Critical resistance looms at $65,200 According to a recent…
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Ripple Co-Founder Transfers 20 Million XRP, Sparking Selloff Fears And Wallet Hack Concerns
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XRP wallet Another notable transaction from one of the largest XRP holders, likely Chris Larsen, appears to be in preparation for a sell. The transaction, which occurred within the last 48 hours, led to a series of subsequent transfers over the past 24 hours, which were eventually linked to cryptocurrency…
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Ripple Co-Founder Transfers 20 Million XRP, Sparking Selloff Fears And Wallet Hack Concerns
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XRP wallet Another notable transaction from one of the largest XRP holders, likely Chris Larsen, appears to be in preparation for a sell. The transaction, which occurred within the last 48 hours, led to a series of subsequent transfers over the past 24 hours, which were eventually linked to cryptocurrency…
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Middle-class homeowners put kitchen renovations on hold over fears of tax hikes in autumn budget
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Middle-class homeowners across the UK are putting off plans to renovate their kitchens as concerns grow over potential tax rises in the upcoming Budget in October. The possibility of higher taxes, flagged by shadow chancellor Rachel Reeves, has led to a marked drop in consumer confidence, according to kitchenware retailers.…