Metaverse real estate sales top $500 million, and are projected to double this year
A rush of investors are pouring into the new virtual land craze, hoping to get in on the ground floor of the next digital Manhattan or Monaco.
Financial News
Russia is willing to go to war and incur sanctions over Ukraine, analysts warn
Russia is willing to risk “real financial harm” and all-out war to achieve its political objectives in Ukraine, defense analysts have said.
Big swings in the market are more normal than investors might expect, but things could get worse
The stock market’s wild gyrations have been an emotional roller coaster for investors, and the ride has not come to a full stop.
The tech sell-off has some venture capitalists worried the good times may be coming to an end
Tech start-ups raised a record $621 billion in venture capital funding globally in 2021. Some investors fear the boom times may not last much longer.
Back to reality at last? Covid rules are being dropped in Europe despite high omicron spread
From the re-opening of bars and restaurants to the dropping of legal requirements for masks, many of Europe’s biggest economies are now relaxing Covid rules.
Biden and Putin’s Ukraine crisis gets personal as the U.S. tries to deter Russian invasion
The U.S. has sent a clear message that Russia, its key personnel and economic sectors as well as its leader Vladimir Putin, could face crippling sanctions.
IMF cuts 2022 global growth forecast as U.S., China recovery wanes
The International Monetary Fund has downgraded its global growth forecast for 2022 as rising Covid cases, supply chain disruptions and inflation hamper the economy.
$130 billion wiped off crypto markets in 24 hours as bitcoin, ether drop to multi-month lows
Bitcoin and ether are off more than 50% from their all-time highs and trading at their lowest levels since July.
Cryptocurrencies tumble, with bitcoin falling 15% and ether down 20%
The price of bitcoin fell below $39,000 on Friday.
Markets are expected to remain on edge as the Fed meets in the week ahead
The Federal Reserve’s meeting trumps everything else for markets in the week ahead, as investors await any new clues on its plans to raise interest rates.