Air Canada is set to lay off more than 5,100 members of its cabin crews because of a dramatic drop in flights related to the COVID-19 outbreak, CBC has learned.
Since Mar 7, 2020, the crypto market has witnessed some of the worst days ever since its inception with market capitalization losing more than $140 billion in a week span. In our previous article, we analyzed how the fluctuation in the oil market and the coronavirus outbreak have made a…
Beyond the precipitous fall in share prices, the crisis has been transmitted into all corners of the financial markets, leaving no asset class exempt.
The Cryptoverse has been seeing calls from some industry players to sell cash for cryptocurrency, claiming that cash is about to become worthless, as the fiat money “printer went brrrrr.” However, others warn that, while using bitcoin (BTC) as a hedge is a good idea, selling all cash is not.
Stock and oil markets extended their decline to new lows on Wednesday, as investors are in a rush to cash in amid the COVID-19 pandemic. Bitcoin has shown
This is the biggest 7-day gain for the USDollar since Black Wednesday in 1992 when George Soros “broke The Bank of England,” crashing the pound and forcing Britain to withdraw from the European Exchange Rate Mechanism.
It is also on par with October 1978’s surge in the dollar when the Fed clamped down hard on monetary policy – after the signing of the Full Employment and Balanced Growth Act, better known as the Humphrey-Hawkins Act, mandating The Fed to crack down on inflation (which Volcker then did by drastically raising rates) – sending the stock market into the infamous “October massacre.”
Despite record-high volatility in bitcoin (BTC), derivatives traders appear to be pulling money out of the market, while a “rush to cash” becomes the overarching theme for the financial markets. The moves in bitcoin follow major volatility in the traditional financial markets, where some of the largest players are fighting the idea of temporary market closure.
We assess the effects on equities, bonds, gold and more, with tips on how investors should react
While the corporate workforce and student exodus into home offices and living rooms around the globe has undoubtedly been a boon for videoconferencing