US and UK GDP to Take Center Stage, BoJ Stands Pat
Dollar is trading mildly lower today but remains the overwhelmingly strongest one for the week. The greenback was, on the one hand, pushed higher overnight thanks to the steep post ECB selloff in Euro. Dollar index hit as high as...
ECB Refrained from Hinting on Policy Outlook
In line with our expectations, ECB largely judged the recent slowdown in economic data as driven by temporary factors and moderation after periods of strong growth. The members maintained the view that risks to growth were “broadly balanced” and remained...
Blue Apron shares pop after Kevin O’Leary picked it in Power Lunch’s 2018 CNBC Stock Draft
Blue Apron shares jumped Thursday after Kevin O’Leary from ABC’s “Shark Tank” made the stock one of his picks during Power Lunch’s 2018 CNBC Stock Draft. In recent months, Blue Apron has toppled over 80 percent from its IPO price...
Former Paypal CEO says investors are drinking the bitcoin ‘Kool-Aid’
Former head of online payments giant Paypal is bullish on the future of digital money but maintains that bitcoin is a scam. “Everyone is drinking the Kool-Aid,” Bill Harris, former Paypal, CEO told CNBC’s “Fast Money” Thursday. “I absolutely believe...
There are now 17 million bitcoins in existence — only 4 million left to ‘mine’
More than 80 percent of the bitcoins that will ever exist have now been created. The 17 millionth bitcoin was “mined” Thursday, according to data from Blockchain.info, more than a year since the number of coins topped 16 million. But...
Waste not, want not: BAML recycles parts to build new treasurer tool
The quickest solution is often to use what you already have. Bank of America Merrill Lynch (BAML) has taken that to heart with the development of its new Liquidity Express tool, which combines aspects of three existing services to help...
FX: Tech focus shifts to horde of untapped trade data
There are many reasons why markets become fragmented. For example, regional banks have seen an opportunity to differentiate themselves from larger competitors by specializing by region or even by currency. Institutions that can develop deep knowledge in particular areas can...
American Express closer to breaking into elusive Chinese market, report says
American Express is closer to becoming the first U.S. card network to offer services in China, The Wall Street Journal reported Thursday. The People’s Bank of China has accepted the New York-based credit card company’s application to clear and settle...
Euro Holding on to 1.2154 against Dollar on Cautiously Upbeat ECB Draghi, Dollar Weakens as Yields Retreat
Euro recovers against Dollar after ECB president Mario Draghi tried to play down concerns over recent weak Eurozone data. But his usual cautiousness is so far capping Euro buying. On the other hand, Dollar’s rally also loses some steam, in...
US durable goods orders rose 2.6% in March
New orders for key U.S.-made capital goods unexpectedly fell in March, weighed down by the biggest drop in demand for machinery in nearly two years, and a decline in shipments suggested business spending on equipment slowed in the first quarter....
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