Alipay offers some lessons on open banking
European bankers, fintech entrepreneurs, their lawyers and consultants were all struggling with the still-new concept of open banking at the Innovate Finance Global Summit in London in March. The notion that individuals might be willing to share their banking transaction...
EUR/USD to Look into Confidence Indicators for Guidance, as Risk Aversion Eased
The financial markets responded positively to news that US and China are back on the table for trade negotiation. At least for now, the fear of further escalation in tension is eased. DOW ended yesterday up 669.40 pts or 2.84%...
Cryptocurrency litecoin falls 10% after payments processor ‘LitePay’ closes; ‘We got too excited,’ coin founder says
Litecoin dropped Monday after news that payments processor LitePay has ceased operations, prompting an apology from the coin’s founder for promoting the start-up. The cryptocurrency traded roughly 10 percent lower near $145 as of 4:08 p.m. ET, according to CoinMarketCap....
Traders are betting heavily against Tesla’s junk bonds
Investors are betting against Tesla’s bonds amid growing worries about the electric car maker’s ability to deliver on its production goals, given significant delays for the Model 3. “While equity short sellers continue to hang around, shorts in the most...
This small online retail stock will plunge if Facebook takes its data ‘punch bowl’ away, says short-seller Andrew Left
Citron Research’s Andrew Left, who’s gained notoriety for successful bets against companies such as Valeant Pharmaceuticals, on Monday posted a new bearish report on Shopify. Shares of Shopify fell more than 3 percent after Left disparaged the relationship between Shopify...
Bitcoin falls 7 percent to below $8,000 after Twitter’s ban on cryptocurrency ads
Bitcoin fell roughly 7 percent Monday to below $8,000 following weeks of regulatory uncertainty and advertising crackdowns by tech companies. The cryptocurrency was trading near $7,886 as of 3:04 p.m. ET, more than $600 lower than a day earlier, according...
Raytheon and these other stocks could win if there’s a trade war with China
Several companies will benefit relative to the broader market if a global trade war breaks out, UBS told clients Monday. In light of President Donald Trump’s tariffs on Chinese goods and proposed levies on industrial and technological imports, a number...
Yen Lower as Trade War Fears Recede, Euro and Sterling Surge
Risk sentiments stabilized as markets reacted positively to the possibility of a trade deal between US and China. Major European indices are trading higher even though gains are only at 0.35-0.55% in FTSE, CAC and DAX only, at the time...
JP Morgan warns clients about owning tech stocks in the face of tariffs: ‘Lock profits in’
Pricey technology stocks could come “under pressure” thanks to President Donald Trump’s tariffs on China, J.P. Morgan warned clients Monday. We have a “cautious stance on [the] tech sector, which has elaborate supply chains, is sensitive to consumer and corporate...
Global Stock Market Crashed, Dollar Tumbled after Episode 1 of US-China Trade War
Global stock markets suffered steep selloff last week as US President Donald Trump has finally declare the start of trade war with China. Dollar was under broad based pressure with the development, but it was only the second weakest one....
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