Bitcoin soars as global banking crisis sparks rally
Bitcoin soars as global banking crisis sparks rally The global economy is gripped by the dual collapse of major banking institutions Silicon Valley Bank and Credit Suisse (CSGN.S). As investors are rattled by the traditional banking sector, cryptocurrencies are on the rise. In fact, Bitcoin, the world’s biggest cryptocurrency, is nearing a nine-month high. In […]
CPI reveals inflation drop: Will the Fed curb rate hikes?
CPI reveals inflation drop: Will the Fed curb rate hikes? All eyes were on the latest US Consumer Price Index (CPI), released on March 14. This important report reveals just how expensive core goods have become due to rampant inflation. Fortunately, many could breathe a sigh of relief as inflation eased for an eighth […]
Silicon Valley Bank collapse: What you need to know
Silicon Valley Bank collapse: What you need to know The first major financial casualty of rampant rate hikes by the US Federal Reserve’s actions is none other than a mammoth financial institution Silicon Valley Bank (SIVB.O). At the start of March 2023, Silicon Valley Bank was a well-capitalized institution. On March 8 it announced […]
Big Mac Index – Top 10 Global Food Index you should know
Big Mac Index – Top 10 Global Food Index you should know From McDonald’s iconic Big Mac to West Africa’s most popular dish – jollof rice, economists use many interesting Food Indexes to analyze the global economy. The logic is simple – if the price of a Big Mac, the world’s most popular burger, has […]
How ChatGPT and AI will affect traders
How ChatGPT and AI will affect traders You might have heard all the buzz about Artificial Intelligence (AI) affecting many industries. ChatGPT has been in the spotlight from teenagers using AI to produce college-level essays to major publications testing out articles written by the program. Even Google has been shaken up by ChatGPT […]
Nigeria election: More of the same for Africa’s biggest economy?
Nigeria election: More of the same for Africa’s biggest economy? All eyes were on Nigeria in late February as Africa’s biggest economy headed to the polls. The result? The ruling party candidate Bola Tinubu has been declared the winner in the most hotly contested presidential election in a generation The election was anything but […]
World’s most expensive fuel prices
World’s most expensive fuel prices Whether you’re commuting to work or in the transport business, the pain at the pumps due to high fuel prices is all too painful. For many hard-working individuals, the price of petrol and diesel has severely affected their finances. South African motorists have seen rapid increases in fuel prices […]
How the war in Ukraine affects markets
How the war in Ukraine affects markets The Russian invasion of Ukraine kicked off on February 24 in 2022. The ongoing, devastating conflict continues to affect global markets. The war has also resulted in historic policy actions such as major economic sanctions against Russia, a visit by US President Joe Biden to Ukraine, […]
High stakes for traders in Nigeria’s election
High stakes for traders in Nigeria’s election Voters in Nigeria will head to the polls on February 25. It’s an incredibly important election as international investors and traders hope the next president of Africa’s largest and most populous economy will be more market-friendly than the current regime. What can traders expect? Why is this election […]
Bitcoin surges ahead: Is there a crypto rally?
Bitcoin surges ahead: Is there a crypto rally? Cryptocurrency suffered a disastrous 2022, plunging to record lows. In 2023 however, there appears to be a resurgence with Bitcoin, the world’s biggest cryptocurrency, climbing above $20 0000. Today, we take a look at the crypto markets and find out whether a recent spike signals a major […]