Author: Press Room

On October 14, the cryptocurrency market is on the rise with the total market capitalization of all cryptocurrencies increasing by 2.79% to $944.24 billion. The total volume of the cryptocurrency market has increased by 93.62% in the last 24 hours, to $2.79 billion.DeFi’s total volume was $5.17 billion, or 6.04% of the cryptocurrency market’s total 24-hour volume. In the last 24 hours, the total volume of stablecoins was $78.95 billion, accounting for 92.21% of the total cryptocurrency market volume.Bitcoin, the leading cryptocurrency, rebounded from the $18,248.46 triple bottom support level and gained 3.79% to trade at $19,807.93. Similarly, Ethereum is…

Just days after seemingly throwing him under the bus, Ron Rivera was vehemently defending Carson Wentz. Following the Commanders’ 12-7 “Thursday Night Football” win over the Bears, Rivera was asked about a recent ESPN report that claimed the team’s decision to trade significant capital for Wentz this past offseason was driven by owner Dan Snyder, not Rivera. The report suggested Snyder desired a “marquee” quarterback that he believed would protect him from the repercussions of his other off-field problems. The Commanders head coach immediately exploded, denouncing the report as inaccurate. “Everyone keeps wanting to say I didn’t want to have…

The UK is set for a mixed outlook this weekend with heavy rain in many areas while other parts can expect sunshine. Icy temperatures overnight could see snow in ScotlandBrits are set for a mix of heavy rain and sunny spells over the weekend while freezing temperatures overnight could bring snow in Scotland. It was a bitterly cold night for some parts of the UK going into Thursday where the mercury dropped below zero and there is set to be some icy weather ahead. Low pressure is bringing rain for many areas on Friday and into the weekend but for…

Ms Zhang added that offerings in the sector have grown in recent years and become increasingly popular with many children. “Earlier on, (the industry) was rather messy. At the time, organisations promoting their classes were not very professional, because they … originally taught English or other courses, and were not specialised,” said Ms Zhang. China has moved to introduce AI into primary and secondary school curricula and seen more colleges rolling out AI-related majors. Private firms and education institutions in China are also collaborating. Mr Zeng Pengxuan, founder and chief executive officer of Walnut Education, which offers AI and coding courses…

CNN  —  Here’s how bad Donald Trump’s day was on Thursday. The House January 6 committee voted to subpoena him after laying bare his depraved efforts to overthrow the 2020 election and his dereliction of duty as his mob invaded the US Capitol. But that wasn’t the worst of it for the former President. The committee’s dramatic, though probably futile, effort to get Trump to testify was a mic drop moment to cap its last hearing before the midterm elections and came with a warning that Trump owes the nation an explanation for a day of infamy in January 2021.…

Theodore Roosevelt, almost four years removed from the White House and running for a third term as president, survived a gunshot wound to the chest during an assassination attempt in Milwaukee on this day in history, Oct. 14, 1912. He was shot at 8:10 p.m. — yet stoically went on to deliver an 84-minute campaign speech that night with the round from a .38 revolver lodged inside the cavity of his chest. Blood seeped from Roosevelt’s body and soaked his white shirt with a large crimson stain as he spoke. The force of the bullet aimed at his heart by New York City…

Investors have seen up to 15 years’ worth of gains wiped out in some exchange traded funds amid the chaos enveloping the UK gilt market.iShares’ £1.1bn Core UK Gilts Ucits ETF (IGLT) is now trading at levels last seen in 2007, having fallen 33 per cent since late last year.The sell-off has been sharper still for its sister £545mn £ Index-Linked Gilts Ucits ETF (INXG), which has plunged by 49 per cent — including more than 20 per cent since the end of September — wiping out 12 years of gains.Several other more recently launched ETFs are trading below their…

Bonds are back. After a decade or more in the doldrums, when rock-bottom interest rates made them unattractive compared with soaring equities, retail investors have been buying fixed-income products again. Recent chaos in the UK gilts market sparked by the government’s “mini” Budget — a view on which nearly all market participants agree, whatever else Jacob Rees-Mogg may tell you — has been interpreted as a buy signal by some investors as yields have risen and prices fallen. Trading platform Interactive Investor reported a 400 per cent jump in bond sales in September compared with the previous year.But what if…

Billionaire trader Chris Rokos has been among the major hedge fund managers who have profited during the crisis gripping UK financial markets, according to people familiar with his positioning.Rokos, whose Rokos Capital Management is one of the world’s biggest macro hedge funds with $14.5bn in assets, has been running a bet that UK borrowing costs will have to rise, the people said.The bet, which has not previously been reported, has paid off, both as surging inflation has forced up borrowing costs over the summer and then following a violent market reaction to Chancellor Kwasi Kwarteng’s “mini” Budget last month, whose…

Russell Clark is the former chief investment officer of Horseman Capital, and now the author of the Capital Flows and Asset Markets newsletter, where a version of the below initially ran. We’re a sucker for a good clearinghouse rant, so we asked him if we could cross-publish it here. I personally do not think LDI investing and pension funds are to blame for the recent gilt market turbulence. In a world where Japan still has negative interest rates, do you really think there are not funds available to buy 30-year gilts at 5 per cent yield? Or even domestic UK…