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SNB & CHF

The Top 11 Fintech Startups in Switzerland in 2024

11 fintechs made it to this year’s  TOP 100 Swiss Startup list, an award organized by Venturelab. The 2024 ranking features in total 100 Startups, Yokoy is once again the highest ranking fintech. Highest fintech newcomer this year is Calvin Risk on rank 44. Of the 11 fintechs 5 were repeats from the 2023 startup ranking and 6 were newcomers. Meet the 11 Swiss fintechs that made the TOP 100 Swiss Startups 2024 list: Yokoy Group AG (#3)-1 Your expenses and company...

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Disappointing US Data Followed by Better Japanese Wages and Stronger German Factory Orders Weigh on the Greenback

Overview: The one-two punch of the disappointing US job opening report and the downbeat Beige Book weighs on the US dollar, which is softer against all the G10 currencies. The Canadian dollar is a notable exception. Prime Minister Trudeau's minority Liberal Party lost key support and the Bank of Canada affirmed expectations for more rate cuts. Japan's wage growth was stronger than expected, underscoring the divergence of policy and the dollar was sold to almost...

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The National Socialists Were Enemies of The West

If one has the patience or the curiosity to go down certain conservative rabbit holes in social media, one will encounter a small corner of the movement in which one finds a latent or explicit desire to somehow rehabilitate Adolf Hitler and the National Socialists (i.e., the “Nazis.”)This is often found in the form of comments or memes that take the position that the National Socialists were the defenders of “the West” against a militant Left then growing in Europe....

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Does Any Daylight Remain between Monetary and Fiscal Policy?

Conventional wisdom has it that the Federal Reserve system (the “Fed”) and the US Treasury Department are two separate entities. Congress created the Fed in 1913 as a legally and financially independent federal agency, privately owned by its member banks, with no funding from the federal budget. The US Treasury, on the other hand, is an Executive-branch cabinet-level department reporting directly to the President, with funding appropriated in the federal...

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Creeping Towards Conscription: Senate Defense Bill Looks to Automatically Register Young Men and Women for the Draft

Fiscal Year 2025’s National Defense Authorization Act’s Senate version contains an important item that is being ignored—young women between the ages of 18-26 will be automatically registered for the draft.Previously, the House version of the NDAA passed (217-199) on June 14 and provisioned for the automatic registration of 18-26 year old men for the draft, but there was no item extending the order to women.As it stands, all men of age are legally required to register...

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Dollar Consolidates as Stocks Melt

Overview: The sharp losses in global equities are dominating today's market developments. Yesterday's 2.1% loss of the S&P 500 and 3.25% drop in the Nasdaq were the largest since carry-trade unwind climaxed on August 5. They have fallen more today and are poised to gap lower at the opening. Asia Pacific shares tumbled, led by Taiwan's 4.5% tumble and the Nikkei's 4.25% loss. It delivered Indian stocks its first loss in nearly three weeks. Europe's Stoxx 600 is...

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ZKB bietet neu den Handel und die Verwahrung von Crypto an

Ab dem 4. September 2024 können Kundinnen und Kunden über die Zürcher Kantonalbank Kryptowährungen rund um die Uhr direkt im ZKB eBanking oder ZKB Mobile Banking Crypto handeln. Die Bestände der Kryptowährungen werden dabei in die bestehende Depotsicht integriert. Vorerst stehen Bitcoin und Ethereum zur Auswahl. Crypto Verwahrung Kryptowährungen nutzen die Blockchain. Mit den Chancen und Risiken dieser Technologie beschäftigt sich die Zürcher Kantonalbank schon seit...

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Bull Steepening Is Bearish For Stocks – Part Two

Part One of this article described the burgeoning bull steepening yield curve environment and what it implies about economic growth and Fed policy. It also discussed the three other predominant types of yield curve shifts and what they suggest for the economy and Fed policy. Persistent yield curve shifts tend to correlate with different stock performances. With the odds growing that a long bull steepening may be upon us, it’s incumbent upon us to quantify how...

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Natural Law and Rothbardian Liberty

What is the Mises Institute? The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order....

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