Major cryptocurrency lenders are facing a fall in decentralised finance (DeFi) investing as cryptocurrency markets have tumbled. DeFi, an emerging financial technology based on secure distributed ledgers similar to those used by cryptocurrencies removes the control that banks and institutions have on money, financial products and financial services allowing people to transfer finds within minutes, […]

Nvidia shares slumped despite the chipmaker doubling revenues as markets continued to debate the size of the upcoming Federal Reserve rate cut.

Britain’s budget deficit grew in the first three months of the tax year. The figures come in the midst of the UK leadership contest, but both Boris Johnson and Jeremy Hunt have committed to tax cuts and higher spending. The figures had an immediate impact on sterling, which dropped 0.28 per cent against the dollar […]

Trump knows that antagonising China is a dangerous game. But in the run up to the election, it’s also a political necessity. Before the coronacrisis, there was already a perfect storm of economic and security disputes brewing between the US and China. Covid-19 compounded all the existing issues as well as adding a whole new […]

Another sell everything kind of day: A hot inflation print from the US has left stock markets around the world nursing losses. CPI inflation rose to 4.2% last month, the strongest reading since 2008. The month-on-month increase in the core reading of 0.9% was the raciest since 1982. All else equal, higher inflation readings are headwinds for equity markets, […]