US weekly jobless claims fall more than expected
New applications for U.S. unemployment benefits fell more than expected last week, but claims for several states, including California and Virginia, were estimated. Initial claims for state unemployment benefits dropped 13,000 to a seasonally adjusted 221,000 for the week ended...
The US is the hottest market for trading, analyst says
The U.S. is the best place for investors to put their money, according to Bessemer Trust’s Rebecca Patterson. In fact, she said the U.S. market has been overweight from a combination of added stimulus from tax reform, a February spending...
AT&T CEO says Sprint and T-Mobile have ‘tough hill to climb’ to get merger passed by regulators
AT&T CEO Randall Stephenson said Sprint and T-Mobile will have “a tough hill to climb” to get merger approval from U.S. regulators. “It’s a classic horizontal merger where they are taking a competitor out of the marketplace,” Stephenson said. “Power...
Cars.com shares leap after report the company hired JP Morgan to explore a potential sale
Shares of Cars.com jumped 8.8 percent Wednesday after a report the online car retailer hired J.P. Morgan to explore a possible sale. Shares rose 1 percent in after-hours trading. The New York Post reported Wednesday afternoon, citing a source, that...
Bitcoin’s influence over cryptocurrency prices could end soon, says Ripple CEO
Cryptocurrency prices have been highly correlated with bitcoin, the first and most famous out of thousands that exist. But that could end soon as markets start to acknowledge the differences between these assets, according to Ripple CEO Brad Garlinghouse. “There’s...
FX Survey 2018: Banks go back to nuts and bolts
The banks, too, will freely admit that it is becoming much harder to be an all-singing, all-dancing FX powerhouse with dominant market share. Rising regulatory burdens, conduct risk, increased transparency and shrinking balance sheet capacity have all contributed to the...
FX Survey 2018: The trend is your friend…
One of the first things I was taught as a keen young FX trader, back in the days when you could smoke or fight on the trading floor and when computer screens were deeper than they were wide, was that...
FX Survey 2018: Scaling back forex businesses should be welcomed
Watching people give up on big dreams and become more modest in their ambitions can be disheartening. No one likes to admit they can’t be the very best in their particular field. But when people and institutions focus on the...
Euromoney FX Survey 2018 – results released
COPYING AND DISTRIBUTING ARE PROHIBITED WITHOUT PERMISSION OF THE PUBLISHER: CHUNT@EUROMONEY.COM By: Published on: Wednesday, May 30, 2018 Euromoney magazine has released the results of its 40th annual foreign exchange ranking, the most comprehensive quantitative and qualitative annual study available...
Scaling back forex businesses should be welcomed
Watching people give up on big dreams and become more modest in their ambitions can be disheartening. No one likes to admit they can’t be the very best in their particular field. But when people and institutions focus on the...
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Trading education
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