Big bank exits and fintech upstarts: Ireland’s banking landscape is undergoing drastic change
A woman walks by Bank Of Ireland ATMs in Dublin city center. NurPhoto | NurPhoto | Getty Images DUBLIN — The complexion of Irish banking has changed drastically. Over the space of just a few weeks, NatWest-owned Ulster Bank announced...
Yen Selloff Continues Despite Risk Aversion in Asia
The forex markets are relatively quiet in Asia, with Japan and China on holiday. Main theme is extended selloff in the Japanese Yen despite steep decline in Hong Kong and Singapore stocks. Aussie and Kiwi are the mildly firmer ones...
Warren Buffett says Robinhood is catering to the gambling instincts of investors
Warren Buffett at Berkshire Hathaway’s annual meeting in Los Angeles, California. May 1, 2021. Gerard Miller Legendary investor Warren Buffett believes millennial-favored stock trading app Robinhood is contributing to the speculative, casino-like trading activity in the stock market and benefitting...
Charlie Munger calls bitcoin ‘disgusting and contrary to the interests of civilization’
Charlie Munger at Berkshire Hathaway’s annual meeting in Los Angeles California. May 1, 2021. Gerard Miller | CNBC Berkshire Hathaway Vice Chairman Charlie Munger’s distain toward bitcoin has only intensified amid the digital asset’s record run this year. “Of course I...
Canadian Dollar Rally to Continue after a Strong Week, But Medium Term Strength Uncertain
Canadian Dollar ended last week as the strongest ones on a couple of factors. With some near term resistance taken out, such rally will likely continue for the near term. Swiss Franc ended as the second strongest. While Dollar was...
Weekly Economic & Financial Commentary: U.S. Recovery Is Well on Its Way
Summary U.S. Review: U.S. Recovery Is Well on Its Way The U.S. economy expanded at a rapid clip in the first quarter and incoming data continue to paint a picture of an economic recovery gaining momentum. The public health situation...
The Weekly Bottom Line: The Loonie’s Rise
U.S. Highlights America’s economic recovery picked up steam at the start of 2021, with growth accelerating to 6.4% (annualized). Growth was powered by consumption, which expanded by 10.7% (annualized). President Biden unveiled the American Families Plan this week. The plan...
Week Ahead: Central bank Recap/Preview, the Recovery, and Jobs
More central banks this week with the RBA and BOE up next This weekend begins the month of May, and brings holidays on Monday in the UK, China, and Japan. With a busy week to end April, including an extremely...
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