Week Ahead: Bank of Canada to Reduce Purchases; Global Economic Recovery to Pickup
The global economic recovery is gaining momentum as the world’s two largest economies continue to deliver robust economic readings. China’s economy grew 18.3% in the first quarter, a record rate that sets the example of what we can expect as...
New $3,000 child tax credit payments set to start in July. Here’s what to know
MoMo Productions Parents may soon start getting monthly payments from the IRS, due to a recent change to the child tax credit. IRS Commissioner Charles Rettig said Tuesday that the agency was on track to start issuing that aid in...
Robinhood and Coinbase top Apple App Store
Coinbase is a popular option for buying bitcoin and other cryptocurrencies. Todd Haselton | CNBC Watch out social media, finance apps are becoming a more popular form of entertainment on people’s phones. Trading platforms Robinhood and Coinbase grabbed the top...
Weekly Economic & Financial Commentary: More Evidence of Economic Recovery
U.S. Review More Evidence of Economic Recovery Data released this week continue to show that the economic recovery is gaining momentum. The much anticipated consumer boom has arrived, helped by an influx of stimulus in March, and industrial production rebounded...
Stocks making the biggest moves midday: Simon Property, Cisco, Sunrun & more
Shoppers walk through the King of Prussia mall in King of Prussia, Pennsylvania. Jennah Moon | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Sunrun — The solar stock popped 10% after Simmons Energy, a...
The Weekly Bottom Line: Federal Budget Headlines The Week Ahead
U.S. Highlights Headline inflation jumped in March, but it’s too soon to sound the alarm. Economic slack is still high, inflation expectations benign, and the Fed unlikely to sit on the sidelines if they drift up persistently. Retail sales surged...
Week Ahead – BoC Set to Taper, ECB Unlikely to Rock Euro
It will be an exciting week for financial markets, with two major central bank meetings and a storm of economic data to keep traders busy. The Bank of Canada seems ready to scale down its gigantic QE program, though the...
XAU/USD Outlook: Gold Rises to Seven-Week High, Fresh Advance Completes Double-Bottom Pattern
Spot gold rose to seven-week high on Friday, gaining 0.8% for the day in extension of Thursday’s 1.5% advance. Weaker dollar and US Treasury yields holding near one-month low were the main drivers of the yellow metal in past two...
Betterment sees record growth, as GameStop frenzy ‘shines a light’ on investing
Betterment launched a new savings option that pays users up to 2.69% interest. Source: Betterment Trading apps aren’t the only ones benefiting from the rise of meme stocks. Betterment, a digital investment advisor, said it saw record growth in the...
Dollar Edges Lower in Quiet Trading, Gold Extends Rally
Dollar edges lower today but there is no follow through selling so far, in quiet markets. Still, the greenback is set to end the week as the worst performer, followed by Canadian and Swiss Franc. Sterling dipped notably earlier today...
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