3 charts that show why the US should stop ignoring its debt problem
By most measures, the U.S. economic outlook is bright. GDP (gross domestic product) growth could exceed 4 percent in the second quarter, unemployment is at decade-lows and wages are ticking up. But one figure paints a darker picture: U.S. national...
The Key Event Later Today Will Be The ECB Meeting
Market movers today This morning, European markets are set to digest the result of the meeting between EU Commission President Jean-Claude Juncker and US President Donald Trump, see below. The key event later today will be the ECB meeting. We...
ECB Policy Decision, US Economic Data In The Spotlight Thursday
A combination of monetary policy and economic data will dominate the currency markets on Thursday as the European Central Bank gets set to deliver its latest interest rate verdict. In the United States, a high-profile gauge of factory output will...
Euro & Dollar Softer after Trade Talk Breakthrough, Canada Emerges as Clear Winner
While it appeared that there was a breakthrough in EU-US trade negotiation, the news provide no lift to Dollar nor Euro. Both are trading mixed in Asian session. Indeed, Dollar is the weakest one for the week so far, followed...
‘Any number of catalysts could send bitcoin exploding higher,’ says blockchain venture capitalist
Bitcoin has seen strong gains over the last week — trading at about $8,200 as of the earlier hours of Thursday. But the largest digital currency by market cap still isn’t close to its December, 2017 high of $19,783.21....
After-hours buzz: FB, F & more
Check out the companies making headlines after the bell: Shares of Facebook plummeted more than 20 percent in after-hours trading. The social media giant reported mixed second-quarter results on Wednesday. It beat on earnings, posting $1.74 per share versus the...
Banks investing more in blockchain than tech companies
Banks are investing more in the blockchain than the tech companies, because they see it as a bigger threat to their business, according to Shidan Gouran, president and CEO of Global Blockchain, an investment company focused on blockchain-related companies. “Banks...
FX: Pros look at best uses of rules-based order routing
Thomson Reuters announced earlier this month it had introduced RBOR to its REDI execution management system, enabling traders to set rules that determine which trades should be handled automatically rather than through manual intervention. The most common use case involves...
Tariffs are about to hit consumers, and it won’t be pretty
Tariffs the White House has levied thus far have fallen primarily on industrial supplies and components of other goods. That’s about to change, and consumers will feel the bite if the tariffs are implemented as planned. Economists at Societe Generale...
‘WTO is not broken,’ says WTO Director-General Roberto Azevedo
As trade tensions heat up, World Trade Organization Director-General Roberto Azevedo told CNBC, “The WTO is not broken. The WTO is functioning actually quite well.” Azevedo was responding to remarks by President Donald Trump’s chief economic advisor, Larry Kudlow, who...
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