Yellen Says US ‘Not Willing to Allow Contagious Bank Runs,’ Calls OPEC Oil Production Cut ‘Unconstructive’

Roughly 26 days ago and in the following days, the U.S. witnessed two significant bank failures when Silicon Valley Bank and Signature Bank collapsed. After speaking at an event on Monday at Yale University, Janet Yellen, the current U.S. Treasury secretary, told reporters that she was closely monitoring the banking industry. Yellen insisted that “matters […]

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‘Oil Prices North of $200’ per Barrel — Investor Expects Oil to ‘Crush’ Every Investment in 2023

Amid the dreary global economy, a number of market strategists and analysts believe oil will be the number one investment in 2023. While a barrel of oil is coasting along at prices between $80.12 and $85 per unit, Goldman Sachs analysts think oil will reach $110 per barrel for Brent oil, and strategists from Morgan […]

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After Central Bank Devalues Naira by 5% Finance Minister Attributes Drop to ‘Market Forces’

Nigerian Finance Minister Zainab Ahmed has denied widespread reports that the Central Bank of Nigeria (CBN) had sanctioned the devaluation of the local currency sometime in May 2021. Instead, she attributes the naira’s fall to the “volatility in the oil price.” Ahmed’s remarks come just a few weeks after the official naira exchange rate dropped […]

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US Cash Crisis: Withdrawal Limits Spark Bank Run Fear

US Cash Crisis: Withdrawal Limits Spark Bank Run FearThe entire world has been focused on the economy as the coronavirus outbreak has devastated global markets. While stocks, commodities, and barrels of oil plunge in value, there’s been considerable demand for cold hard cash in certain countries. According to reports, Wall Street’s elite has been trying to withdraw $30-50K per person as they flee […]

The post US Cash Crisis: Withdrawal Limits Spark Bank Run Fear appeared first on Bitcoin News.

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Bitcoin Price Watch: Currency Continues to Fall Amidst Negative Market Trends

At press time, the father of cryptocurrency has ultimately fallen to just over $4,100. This is a $100 drop from our previous price article, and it appears the cryptocurrency crash isn’t coming to a halt anytime soon. We’ve discussed the bitcoin cash hard fork that took place just over a week ago, and how its […]

The post Bitcoin Price Watch: Currency Continues to Fall Amidst Negative Market Trends appeared first on NullTX.

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