News list for " devere"
Nigel Green of deVere Group, a financial services consultancy, expects a short-term sell-off in Bitcoin after it breaks through a psychological barrier. "It is only natural for some investors to lock in profits after such a large rise in such a short period of time. This sell-off may only be temporary, after which Bitcoin will gain further momentum, surging to $120,000 as early as Quarter 1 next year." Bitcoin's extraordinary performance comes as the market expects Trump 2.0 to create a more fav...
Nigel Green, chief executive of deVere Group, said in the report that Mr. Trump won the election in part because Americans were unhappy with inflation, but he may not be able to cool prices as voters expected. Mr. Trump's promise to impose tariffs on imports could have the opposite effect, as importers pass on the extra costs to consumers. "While the goal is to protect American businesses, the reality is that these tariffs could exacerbate the inflationary pressures that Mr. Trump has promised t...
Nigel Green, chief executive of deVere Group, one of the world's largest independent financial advisers and asset managers, warned that the Federal Reserve must take bold action by cutting interest rates by an unusually large 50 basis points in September to prepare for the coming economic storm. Nigel Green said that interest rates are currently at a high level in more than 20 years and there is no room for hesitation. A 25 basis point rate cut may mark a change in direction, but it is not to av...
Nigel Green of the deVere Group said in a note that the Fed would be remiss if it did not cut rates soon and waited until its next meeting in September. Friday's unexpected rise in US unemployment was behind the downward pressure on stock index futures, dollar and Treasury yields. Green called for a 25 basis point cut now, while other analysts recommended an emergency rate cut of up to 75 basis points to avoid a recession. The Fed "needs to act now... or risk a far-reaching hard landing".
On July 4th, Nigel Green, CEO of deVere Group, said that the UK Labour government may influence the cryptocurrency industry by focusing on the development of real-world asset tokenization and CBDC technology. The UK general election is held today, and opinion polls show that Labour will win by a landslide, while the ruling Conservative Party may lose.
7x24 Newsflash
Hot News
