Pound to dollar: The pound’s crash will make inflation worse

London CNN Enterprise — The UK authorities’s determination to implement the largest tax cuts in 50 years whereas borrowing tens of billions of {dollars} to subsidize hovering power prices this winter is a large gamble that is despatched shockwaves by monetary markets. Since Friday, when finance minister Kwasi Kwarteng formally introduced the plans, the British … Read more

Crypto Needs Big Investors To Rebound. What’s Scaring Them Off.

Textual content dimension The Bitcoin 2022 Convention in Miami. Marco Bello/Getty Photos If “Ready for Godot” have been set within the crypto-verse, its titular character could be an institutional investor. Crypto fanatics count on banks, pension funds, and different cash managers to place huge quantities of cash into crypto tokens and industries, however to date … Read more