China taps blockchain technology to boost financing for businesses hit by virus
Giant letters, reading the word ‘blockchain’, are displayed at the blockchain centre, which aims at boosting start-ups, on February 7, 2018 in Lithuania’s capital Vilnius. Petras Malukas | AFP | Getty Images BEIJING – As Chinese authorities rush to support...
The decline of trading on Wall Street, explained
Wall Street used to be full of traders. Buying and selling stocks or bonds used to happen on the phone, in person or in the packed trading pits in Chicago, New York and London. Prestigious investment banks boasted of trading...
FX outsourcing is quick, but not always easy
Cost and time to market are two of the main motivations for outsourced FX execution. Regulation, fragmentation of liquidity and advances in electronic trading products and services have driven up the cost of in-house execution tools, which can take 12...
Consumer sentiment rises in February even amid the coronavirus outbreak
U.S. consumer sentiment figures for February came in higher than expected despite the recent outbreak of the coronavirus. The University of Michigan’s consumer sentiment index came in at 100.9 for February. Economists polled by Dow Jones expected February consumer sentiment...
Consumer spending rose modestly in January as clothing store sales fell by the most since 2009
U.S. consumer spending appears to have slowed further in January, with sales at clothing stores declining by the most since 2009, which could raise concerns about the economy’s ability to continue expanding at a moderate pace. The Commerce Department said...
US January industrial output falls on weather, Boeing drop
A Boeing 737 MAX 9 is pictured outside the factory in Renton, Washington. Stephen Brashear | Getty Images U.S. industrial production fell 0.3% in January as unseasonably warm weather held down the output of utilities and Boeing slowed production of...
Stocks making the biggest moves after hours: Roku, Nvidia, Expedia and more
People pass by a video sign display with the logo for Roku, a Fox-backed video streaming firm, that held it’s IPO at the Nasdaq Marketsite in New York, September 28, 2017. Brendan McDermid | Reuters Check out the companies making...
Stock market live updates: Dow drops 200, all eyes on Tesla, coronavirus names fall
Elon Musk Mike Blake | Reuters This is a live blog. Check back for updates. 10:26 am: Senators grill Shelton on multiple fronts Shelton has been peppered with questions on both sides regarding her views on the gold standard, Fed...
32% of American workers have medical debt—and over half have defaulted on it
Almost a third of working Americans currently have some kind of medical debt and about 28% of those who have an outstanding balance owe $10,000 or more on their bills. When asked if they’ve ever defaulted on those bills, about...
US underlying consumer prices rise in January
A woman shops at a Walmart Supercenter store in Rosemead, California. Frederic J. Brown | AFP | Getty Images U.S. underlying consumer prices picked up in January as households paid more for rents and clothing, supporting the Federal Reserve’s contention...
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