Washington: The stock market rout triggered by US President Donald Trump’s punishing tariff wars wiped over $10 trillion off major markets across the globe. The financial destruction, historic in scale, was equivalent to just over half of the GDP of the European Union, according to a report by Bloomberg. After Trump announced sweeping tariffs last…
Euroclear has joined Project Ensemble, the wholesale central bank digital currency (wCBDC) initiative from the Hong Kong Monetary Authority (HKMA). The project explores using wCBDC for the settlement of tokenization transactions and for interbank settlement of tokenized deposits. Euroclear becomes a member of the Architecture Community and is the sole financial market infrastructure (FMI) community…
Elon Musk has reposted a recent video shared by entrepreneur Mario Nawfal, in which JP Morgan Chase CEO Jamie Dimon praises Musk, calling him “our Einstein.” The video, now making waves on social media, captures Dimon highlighting Musk’s achievements across Tesla, SpaceX, and Neuralink. “You’ve got to look at Elon, at SpaceX, Tesla, Neuralink –…
Netflix will report earnings on Thursday after the close. Analysts are looking for the streamer … [+] plans to raise prices. (Photo by Pascal Le Segretain/Getty Images) Getty Images Key Takeaways Earnings Season Outlook Bond Market Signals Market Volatility and Specific Sectors Stocks gained nearly 1% across the board last week as earnings season got…