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The European Union’s financial services chief said the rest of the world should copy the its rules for crypto assets to create a robust global approach that protects consumers and financial stability. #EU #CryptoRules #CryptoLaws About Channel: WION The World is One News examines global issues with in-depth analysis. We provide much more than the news of the day. Our aim is to empower people to explore their world. With our Global headquarters in New Delhi, we bring you news on the hour, by the hour. We deliver information that is not biased. We are journalists who are neutral to…

The Federal Reserve on Wednesday kept a key interest rate at a 22-year high and left the door slightly ajar for another hike down the road if inflation doesn’t continue to slow. The decision to hold rates steady in a range of 5.25% to 5.5% was unanimous. The Fed is weighing how much more to raise interest rates to slow the economy and tame inflation without risking a recession. Even though the economy expanded rapidly in the third quarter, Fed Chairman Jerome Powell said a series of interest-rate hikes since 2022 are putting downward pressure on inflation and economic growth.…

The lettings market saw a post-summer dip in the price of rents in October, Goodlord’s Rental Index has revealed. Rents dropped by 11% to average at £1,190 last month, while this followed three months of rapidly escalating prices across England. At the same time, voids lengthened by 29% – from 14 days to 18 – another signal that demand is cooling. William Reeve, chief executive of Goodlord, said: “We’ve seen the average level of rent on new tenancies drop from September to October every year for the last four years. “It’s therefore not a surprise to see rental prices dropping…

Lumen Technologies Inc.’s LUMN stock see-sawed before rising 1% in extended trading Tuesday after the telecommunications company reported quarterly results. Lumen Technologies reported a fiscal third-quarter net loss of $78 million, or 8 cents a share, compared with net earnings of $578 million, or 57 cents a share, in the year-ago quarter. Revenue was $3.64 billion, compared with $4.4 billion a year ago. Analysts surveyed by FactSet had expected on average net earnings of 4 cents a share on revenue of $3.6 billion. Shares of Lumen Technologies have plunged 72% this year, while the broader S&P 500 index SPX has…

Key Takeaways The U.S. Treasury’s quarterly refunding process is taking center stage among financial market participants, even as the Fed gets set to announce its latest decision on interest rates.The Fed’s ongoing campaign to fight inflation, which has boosted debt service costs for the federal government, has turned more and more eyes to U.S. Treasury securities, whose yields have kept rising even though the Fed has paused increasing its benchmark lending rate.The Treasury announced Monday that it seeks to borrow $776 million during the last three months of the year, and investors now are focused on how the federal government…

#yahoofinance #debtceiling #treasury Exante Data Inc. Founder and CEO Jens Nordvig and Huntington Private Bank Director of Wealth Strategy Dan Griffith join Yahoo Finance Live to comment on the stock and treasury market reactions to the ongoing debt ceiling talks between President Biden and lawmakers. Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence.…

An aerial view taken on April 12, 2022, shows the city of Mariupol, during Russia’s military … [+] invasion launched on Ukraine. (Photo by ANDREY BORODULIN/AFP via Getty Images)AFP via Getty Images A separate aid bill for Ukraine likely will be doomed to fail because House Republicans would tie its passage to including several controversial immigration measures. An understanding of the House immigration bill’s provisions that passed in May 2023 explains why supporters of aid to Ukraine want it paired with aid to Israel. In effect, the House immigration provisions would act as “poison pills” designed to kill aid to…

Bitcoin forms a “Golden Cross” pattern on the technical charts suggesting a bullish price actions going ahead. The world’s largest cryptocurrency Bitcoin (BTC) has been consolidating around $34,400 levels recently with the Bank of Japan (BoJ) recently deciding to soften its grip on the “yield curve control” program. On Tuesday, the central bank maintained the short-term policy rate at -0.1%, preserving its policy of negative interest rates. Nevertheless, the BOJ indicated that it would view the 1% upper limit for the 10-year government bond yield as a “reference” rather than an inflexible limit. This adjustment will permit greater fluctuations in…

While the government is reforming its treatment of HMOs for council tax purposes, some property types are being left out as it stands. There’s an inconsistency on whether each tenant in an HMO is liable for council tax individually, or if the tax is shared throughout the property. The government is looking to reform the situation so council tax is charged collectively for all the properties, but Phil Turtle, the compliance director at Landlord Licensing & Defence, said it’s possible some HMO types are excluded. He said: “On the surface, this is good news for HMO tenants and landlords. Or…

Investor resting atop cash reservesgetty The stock market’s 10% selloff has the look of a full-blown correction. Therefore, Monday’s (Oct. 30) upside reversal (and the calmer days ahead) could be taken as proof that the selloff is done. However, the negative issues that ignited the selloff remain. Therefore, viewing this new period as a pause could prevent becoming optimistic too soon. So, why the pause now? The stock market has passed through October with a few whacks, but without causing investor fright. Therefore, the happier November-December holiday period backdrop could keep investors’ moods relatively neutral, if not positive. Moreover, there…