#stock-markets

#stock-markets

Stock markets tumbled on Wednesday, as investors' fears over the health of the banking industry resurfaced, and spread around the world, undoing a rally on Tuesday when the panic appeared to pause.European markets were hard hit, with stocks of many of the region's biggest banks falling sharply.Premarket trading in the United States also suggested that much of Tuesday's gain could be swiftly erased, as anxiety persists about the fallout from the collapse of Silicon Valley Bank and Signature Bank, which were seized by regulators after suffering devastating runs on deposits.

Opinion With the quick one-two punch of FTX and Binance, crypto is finally losing its luster as the next revolution in money.I was recently in Manhattan at the Linux Foundation and Fintech Open Source Foundation's (FINOS) Open Source in Finance Forum New York (OSFF) 2022 event.There the topic of the day was fintech.

Market Updates by Jamie Redman Equities, precious metals, and cryptocurrencies shined on Wednesday following Federal Reserve chairman Jerome Powell's speech at the Brookings Institution in Washington.The crypto economy increased 3.11% to $860 billion, while the top four stock indexes jumped between 2% to 5% higher on Nov. 30.

Stocks slumped Friday to cap their worst week of the year, as investors balked at fresh government data that added to a flurry of signals showing a resurgence in inflation.The S&P 500 fell 1.1 percent by the end of the trading day, adding to losses earlier in the week and recording its third straight week of declines.

During the pandemic, the rich saw their ranks swell as stock markets soared even as low-income workers returned to work and blue collar jobs were hollowed out.The upshot is that for the first time in three decades, extreme poverty and extreme wealth across the world have gone up at the same time.As the annual meeting of the World Economic Forum opens in Davos, Oxfam has shown that the gaps are yawning wider: the four richest Britons now have more wealth than 20 million compatriots.