Euro Weighed Down by Italy, CAD Lower on Data, Dollar Back in Spotlight
Dollar takes back the driving street in early US session as it jumps higher against all other major currencies. Swiss Franc is probably the only one that can counter Dollar’s strength, as helped by the selloff in EUR/CHF. Euro is...
Grammy-winning Fugees founder bringing blockchain to your smartphone
Grammy-award winning rapper and founding member of the Fugees Pras Michel is launching a blockchain-enabled smartphone that lets users earn dividends on every purchase. The phone is part of Michel’s digital platform Blacture, which was announced in a 2018 Super...
Spotify subscribers to double to 150 million by 2020, Raymond James predicts
Spotify represents a compelling buying opportunity thanks to one of the best growth outlooks in technology, with subscribers set to double by 2020, according to Raymond James. The company’s key drivers, including market share gains, new geographies and family plans...
Why PayPal bought a European start-up with IPO plans for $2.2 billion
Financial technology titan PayPal made its biggest ever acquisition on Thursday. The firm bought Stockholm, Sweden-based payments start-up iZettle for $2.2 billion. That’s double the valuation it was reported to be looking to fetch with a listing on the Nasdaq...
Risk experts take flight over Italy’s political shock
Mayday, mayday: Investors in Italy are likely to have checked under their seats for parachutes The formation of a coalition government seems just days away, and it is one that will likely see the populist Five Star Movement (M5S), led...
China says it hasn’t offered to cut its trade surplus with the US by $200 billion
China has not offered to cut its trade surplus with the U.S. by $200 billion, contrary to reports, China’s Foreign Ministry said Friday. Ministry spokesman Lu Kang said that the claims were not true while speaking at a daily news...
China says it hasn’t offered Trump a $200 billion trade surplus cut
China has not offered to cut its trade surplus with the U.S. by $200 billion, contrary to reports, China’s Foreign Ministry said Friday. Ministry spokesman Lu Kang said that the claims were not true while speaking at a daily news...
National Australia Bank CEO: ‘As a banker, I am ashamed’
With the National Australia Bank under fire over allegations of fraud and misconduct by its bankers, its CEO Andrew Thorburn admitted that banks had been prioritizing its company operations over its clients. “Well I think this has been a drift...
Canadian Dollar Lower on NAFTA Deadlock, Awaits CPI and Retail Sales
Dollar remains the strongest one for the week as supported by treasury yields. 10 year yield extended recent rally to close at 3.109 overnight, and it hits as high as 3.127 in Asian session. 30 year yield also jumped to...
Crypto investor names his favorite — and least favorite — digital currencies
With so many digital coin options out there, it can be difficult for investors to know how to navigate the cryptocurrency universe. Ran Neu-Ner, founder of Onchain Capital and host of CNBC Africa’s “Crypto Trader,” offered a few tips to...
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