Monthly Archives: August 2022
41654156156FOMC Minutes Reveals Fed’s Inflation Fears
Written on August 18, 2022 at 3:31 am, by jonywang
On Wednesday, 17 August (GMT+3), the Federal Open Market Committee (FOMC) released the minutes for its 26-27 July meeting. In it, the Fed has finally decided to take a step back to assess the effects of aggressive monetary tightening. For the past few rate hikes, which saw increases as high as 75 points, the FedContinue Reading
New Product Launch
Written on August 15, 2022 at 7:53 am, by jonywang
Dear Valued Client, We are pleased to announce that PU Prime will launch new products of ETFs on MT5 server starting from 29th August 2022 to provide clients with a broader portfolio of products. Please refer to the below outlining of the new instruments: Product Number of ETFs Product List and Specifications (Click into theContinue Reading
Coinbase reports $1.1 Billion Loss
Written on August 15, 2022 at 1:32 am, by jonywang
At its most recent earnings call, cryptocurrency platform Coinbase reported a tremendous loss of $1.1 billion in revenue for Q2, pulling the company’s stock down over 10% on Tuesday to $87.68. Earnings per share for the company also largely underperformed, with a loss of $4.98 per share versus an expected $2.65. Quarter-on-quarter user activity hasContinue Reading
