Wealthy Investors Brace For 6 Weeks of Stock Market Turmoil

Multi-billion dollar institutions expect a significant downtrend in the U.S. stock market. Uncertainty around the pandemic and its potential impact on the economy are rattling investors. Federated Hermes’ Phil Orlando expects a 10% drop in equities. High net-worth investors are preparing for a steep downturn in the U.S. stock market. Hedge funds see too many […]

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Digital Currencies Won’t Replace US Dollar Any Time Soon: IMF Chief Economist

The chief economist at the International Monetary Fund (IMF) has said digital currencies are not about to challenge the U.S. dollar’s pivotal role in global trade. In an op-ed for the Financial Times on Tuesday, Gita Gopinath, who took over as the IMF’s chief economist in January 2019, wrote that although cryptocurrencies represented “intriguing possibilities,” […]

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