Shane Oliver, chief economist at AMP Financial Services in Australia, said the Reserve Bank of Australia was on track to start cutting interest rates in February. He said money markets were pointing to a 69 per cent chance of a rate cut in February. Oliver said the Reserve Bank of Australia should start cutting rates by May at the latest, with at least three cuts expected in 2025. "It is important to note that while Trump's policies could raise US inflation and interest rates, they have ambiguou...
The Department of Justice announced the conviction of HYDRO founder Shane Hampton and head of financial engineering Michael Kane for manipulating the price of Hydrogen Technology's HYDRO tokens. The enforcement agency also said that the two men's sale of HYDRO constituted an unregistered investment contract, and they were sentenced to two years and 11 months and three years and nine months in prison, respectively. After investigation, it was found that the two hired a third-party company, Moonwa...