LONDON, Nov 18 (Reuters) – Tesco (TSCO.L), one of Britain’s largest private sector employers, is offering its staff wage advances in the latest sign of distress stemming from a worsening cost of living crisis. Inflation hit its highest level in 41 years, driven by rising energy bills and double-digit price hikes for foods like milk, …
As recession rages, Tesco offers pay advance to UK staff Read More »
Nov 1 (Reuters) – After months of tears and tantrums, bitcoin wants to break away from stock markets. The cryptocurrency, which has been closely correlated to tech stocks for much of its torrid 2022, is staging one of its biggest efforts yet to break loose. Its 30-day correlation with the Nasdaq (.IXIC) slipped to 0.26 …
Cryptoverse: Bitcoin wants to break its link with stocks Read More »
Oct 25 (Reuters) – As a developed country, you know your currency is in trouble when investors start hedging with bitcoin. After brief British Prime Minister Liz Truss unveiled her mini-budget on September 23, filling financial markets with dread, a section of investors moved away from the pound and into cryptocurrency. Trading volumes between bitcoin …
Cryptoverse: The British Pound Fiasco Boosts the Appeal of Bitcoin Hedging Read More »
