There’s finally some good news on opiates, and it could mean a boost for the jobs picture
The toll taken by the national opioid crisis has been devastating, but there’s at least one glimmer of hope emerging that could have positive economic effects. Prescriptions for opioids dropped 12 percent in 2017, believed to be the biggest decline...
Africa needs to know what it wants from China, expert says. Here are two key issues
China has poured tens of billions of dollars into Africa’s development, but the continent’s countries need a better strategy in order to properly reap the benefits, according to an expert. “China knows what it wants from Africa,” Ibrahima Diong, Senegal-born...
The 10-year Treasury yield has hit the 3% level — here’s what that means
The 10-year U.S. Treasury yield has broken through the “psychologically important” level of 3 percent, leaving analysts contemplating what it could mean the future of asset markets and, more importantly, the global economy. The yield on the benchmark bond —...
Bitcoin jumps 7% amid massive market sell-off
Bitcoin rose to its highest level in more than a month as the broader U.S. financial markets sold off Tuesday. The digital currency was trading near $9,436 as of 4:21 p.m. ET, and has jumped nearly 20 percent in the...
After-hours buzz: TXN, WYNN, EW & more
Check out the companies making headlines after the bell: Shares of Texas Instruments gained more than 4 percent after hours. The semiconductor company announced earnings per share and revenues that beat Wall Street estimates. Guidance for the upcoming quarter was...
Treasury Secretary Mnuchin to visit China in ‘a few days,’ Trump says
U.S. Treasury Secretary Steven Mnuchin is headed to China in “a few days” to negotiate on trade, President Donald Trump said Tuesday. A trip to the Asian country was “under consideration,” Mnuchin said Saturday during a press conference. “China welcomes...
The only way to buy property in Shanghai these days is to win the lottery
These days in Shanghai it seems getting a chance to buy property is as close as it gets to winning the lottery. Developers of high-priced Shanghai residential projects have been overwhelmed by deep-pocketed prospective buyers as local government price controls...
Brazil FX: What’s driving the BRL’s underperformance?
The Brazilian currency has been underperforming its peer group of emerging-market currencies, falling by 5% against the dollar in the past month; the Russian rouble has fallen 7% in the same period due to the impact of US sanctions. However,...
UK bank’s app down as it tries to fix problems that locked customers out of their accounts
Britain’s TSB bank, owned by Spain’s Banco Sabadell, took down its mobile app and online services on Tuesday in an attempt to fix technical problems which have locked customers out of their accounts. The bank said about 402 customers on...
UK government borrowing hits its lowest level in more than a decade
The U.K. budget deficit has shrunk to its smallest level in more than 10 years. The shortfall between how much Prime Minister Theresa May’s government spent and how much it earned from taxes in the last financial year has come...
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