September 2023 – Page 3 – Finance Markets News

Credit card losses are rising at the fastest pace since the Great Financial Crisis

In this article GS Follow your favorite stocksCREATE FREE ACCOUNT Frederic J. Brown | AFP | Getty Images Credit card companies are racking up losses at the fastest pace in almost 30 years, outside of the Great Financial Crisis, according to Goldman Sachs. Credit card losses bottomed in September 2021, and while initial increases were […]

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Olive Garden parent Darden Restaurants beats earnings estimates, despite weak fine dining sales

Finance

In this article DRI Follow your favorite stocksCREATE FREE ACCOUNT A customer carries an Olive Garden shopping bag in Pittsburg, California, US, on Friday, Dec. 9, 2022. David Paul Morris | Bloomberg | Getty Images Darden Restaurants on Thursday reported earnings and revenue that topped analysts’ expectations in its first quarter as the owner of Ruth’s

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EUR/GBP ends the week knocking on the ceiling near 0.87

Share: The EUR/GBP made a late-week break for the 0.87 handle. The Pound Sterling continues to give up ground after a dovish BoE shrank from rate hikes, EU PMI figures came in mixed, keeping Euro gains restrained. The EUR/GBP stretched for the 0.8700 major handle in Friday trading, closing the week with over a full

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EURUSD cracks below 100 hour MA at 1.06748

Technical Analysis

EURUSD moves below the 100 hour MA The EURUSD has moved to a new low for the day, and in the process, the price has moved below the 100-hour moving average 1.06748. Breaking below the 100-hour moving average will now set that level as a resistance level. The bias is now tilted more to the

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European major indices close higher. Encouraged by the weaker UK inflation data today.

News

The major European stock indices are closing higher on the day. The indices are encouraged by the lower than expected UK CPI inflation data today. That has traders paring back expectations for the BOE rate hike tomorrow. The expectations are now 50-50 for a rate hike. The final numbers are showing: German DaX +110.66 points

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Criminals more reliant on cross-chain bridges than ever after mixer crackdowns

Blockchain

Cybercriminals have accelerated their shift away from crypto mixers for cross-chain bridges over the past year, according to blockchain forensics firm Elliptic. In June and July, nearly all of the crypto stolen was laundered through cross-chain bridges, Elliptic’s data shows a complete reversal from the first half of 2022. In a Sept. 18 blog post, Elliptic

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