Author: Will Smith

The dollar climbed on Friday as traders fled riskier currencies amid rumors of central bank interest rate hikes and fears about the spread of Omicron infections. Following a succession of central bank policy pronouncements, the dollar index surged 0.7 percent against major currencies, regaining all of the value it had lost on Thursday. Following two…

Several cryptocurrency advertisements, including those from Papa John’s Pizza, Coinbase, Kraken, Etoro, and Luno, have been banned by the UK Advertising Standards Authority. The advertising is misleading and irresponsibly taking advantage of customers’ inexperience, according to the authority. The UK’s independent advertising body, the Advertising Standards Authority, has knocked down a new series of cryptocurrency-related…

On Thursday, China’s main Shanghai stock index rose slightly, but consumer goods companies weighed on blue chips amid concerns over a recurrence of COVID-19 cases, while Chinese IT companies dragged Hong Kong’s Hang Seng lower. The Shanghai Composite index (.SSEC) was up 0.28 percent at 3,657.85 at lunchtime, with energy companies providing support. The CSI300…

On Monday, Apple Inc’s market valuation was just shy of $3 trillion, following a spectacular run over the last decade that has elevated it to the status of the world’s most expensive corporation. On Monday, the company’s shares slid slightly over 2% to settle at $175.74, reversing earlier advances that saw it near the $182.86…

On Friday, Asian stocks fell and the dollar remained steady as traders shied away from riskier assets on increased concerns about COVID-19 and ahead of critical U.S. inflation data that might influence Fed rate decisions. The MSCI Asia-Pacific Index outside of Japan (.MIAPJ0000PUS) was down 0.4 percent, while Japan’s Nikkei (.N225) fell 0.5 percent. The…