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London open: Stocks rise but Next slides on cautious outlook London stocks rose in early trade on Wednesday as worries about the banking sector continued to recede, but Next tumbled as it struck a cautious note on its outlook. At 0840 BST, the FTSE 100 was 0.3% firmer at 7,503.49. Susannah Streeter, head of money and markets […]

John McAfee said in 2017 that Bitcoin would be worth $1 million by 2020. Subsequently, Bitcoin only managed to surpass the $30,000 price mark. Also, Chamath Palihapitiya predicted that Bitcoin will be worth $1 million in 20 years (in 2047). Likewise, Harold Burger said BTC can’t be worth $1 million before 2028 and not after […]

London open: Stocks gain as bank sector fears ease; Ocado rallies London stocks gained in early trade on Tuesday as worries about the banking sector continued to ease. At 0830 BST, the FTSE 100 was up 0.6% at 7,516.76. Susannah Streeter, head of money and markets at Hargreaves Lansdown, said: “A relief ripple is helping stocks […]

London open: FTSE gains as bank shares recover London stocks rose in early trade on Monday, with banks pacing the advance following heavy losses at the end of last week. At 0830 BST, the FTSE 100 was up 1.1% at 7,483.23. Sentiment got a boost after First Citizens Bank agreed to buy the deposits and loans of […]

DeFi is a platform or website that provides non-centralized financial services such as investing, trading, borrowing, lending, tokenized real estate, and insurance. Financial institutions such as banks normally act as an intermediary between banks and users, with the aim of just managing the money during centralized financial interactions. However, the blockchain has enabled financial...

London open: FTSE falls ahead of BoE rate decision London stocks fell in early trade on Thursday following a downbeat session on Wall Street, as investors mulled the latest rate decision from the US Federal Reserve and looked ahead to a policy announcement from the Bank of England. At 0905 GMT, the FTSE was down […]

London open: Stocks edge lower after unexpected rise in inflation London stocks edged lower in early trade on Wednesday as an unexpected jump in consumer price inflation put pressure on the Bank of England to hike rates. At 0825 GMT, the FTSE 100 was down 0.4% at 7,507.95, while sterling was 0.5% firmer against the […]

London open: FTSE gains as attention shifts to rate decisions London stocks rose in early trade on Tuesday as investors mulled the latest UK borrowing figures and turned their attention to upcoming rate decisions from the Federal Reserve, Bank of England and Swiss National Bank. At 0830 GMT, the FTSE 100 was up 0.8% at […]

London open: Banks pace decline after UBS agrees to buy Credit Suisse London stocks slid in early trade on Monday, taking their cue from heavy losses in Asia, with banks under the cosh again after Credit Suisse agreed to be bought by rival UBS. At 0830 GMT, the FTSE 100 was down 1.3% at 7,237.57. UBS agreed to […]

London open: Stocks rise as US banks step in to help First Republic London stocks rose in early trade on Friday, tracking gains on Wall Street after a group of US banks stepped in to help First Republic Bank. At 0820 GMT, the FTSE 100 was up 0.8% at 7,470.68. On Thursday, 11 US lenders deposited […]