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Monthly Archives: August 2022

FOMC Minutes Reveals Fed’s Inflation Fears

Written on August 18, 2022 at 3:31 am, by

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

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

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

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