Congress members ask SEC chairman for clarity on cryptocurrency regulation
Calls for more clarity on cryptocurrency regulation are now coming from Congress, not just bitcoin fanatics. More than a dozen members of the House of Representatives sent a letter to Securities and Exchange Chairman Jay Clayton Friday urging his agency...
AMD shares fall after Intel says it can make enough chips to meet its guidance
AMD shares were dropping sharply Friday after its main competitor reassured investors about its ability to make enough chips to meet demand. Intel’s interim CEO, Bob Swan, said the chipmaker has enough supply to meet its full-year revenue outlook in...
This couple saved $600,000 in four years – and they want to teach you how to do it, too
At 6-foot-4, Matt Owen is too tall to stand up straight in his own house. But the bright red Mercedes-Benz Sprinter was the biggest van he could find. “This is between 60 and 80 square feet,” Owen said, sitting at...
It’s hip to be cheap as hotels democratize design
If you haven’t visited a college campus, secondhand store or seen “Crazy Rich Asians,” in which one of the central characters possesses a Jamba Juice freebie card, you may not have heard: Thrift is cool. In hospitality, that spirit has...
U.S.-China Trade Tensions Now A Key Risk To Growth
Timing is everything U.S. tariffs have been an ongoing theme since the March announcement on steel and aluminum, but the scale and risks associated with recent action can no longer be minimized within the economic outlook for 2019. Initial tariffs...
Is the Dollar Rally on its Last Legs?
After touching its highest levels in 2018, the US dollar lost some of its shine in recent weeks, leading one to question whether this is simply a correction in a broader uptrend, or the early days of sustained weakness for...
RBA to Stand Pat with Bank’s Communication to Drive the Aussie; Trade Remarks Eyed
The Reserve Bank of Australia will be deciding on rates next week, with a policy decision scheduled to be made public on Tuesday at 0430 GMT. No change in rates is anticipated, with the focus falling on the Bank’s level...
Australian regulators the biggest losers from interim Royal Commission
When the publication of a 1,000-page damning account of bank greed and misbehaviour results in bank shares having their best day in recent memory, you begin to wonder if the world has gone awry. Kenneth Hayne Such was the response...
Week Ahead – After Fed, US Jobs Report to Take Centre Stage; RBA Next to Set Rates
Markets will be looking to the September US jobs report for direction after a mostly unchanged dot plot chart by the FOMC this week failed to clear the fog for the 2019 rate outlook. Apart from the nonfarm payrolls report,...
September consumer sentiment tops triple digit mark for only the third time since January 2004
Consumer sentiment was just under expectations in the final reading of September but the index remained near all-time high levels. The University of Michigan’s monthly survey of consumers hit 100.1 in the final reading of September, below the 100.8 expected...
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