Search Results for: US economy
Dow Falls 370 Points, Bonds Rally on Trump Turmoil
May 18th, 2017
Risk off sentiment grips markets with Washington on edge Volatility comes roaring back, as gold surges on haven demand The Dow Jones Industrial Average tumbled more than 370 points, Treasuries rallied the most since July and volatility spiked higher ...
Bitcoin.com’s Cloud Mining Begins, Now Anyone Can Mine Bitcoin
May 17th, 2017
Bitcoin.com’s Cloud Mining Allows Anyone to Join the Growing Mining Economy Today we are pleased to announce the grand opening of our cloud mining services. Our mining pool pool.bitcoin.com has been growing fast with a hashrate of 141.19 Ph/s ...
Euro sets one-week high ahead of GDP data; dollar inches lower
May 16th, 2017
The euro touched a one-week high on Tuesday ahead of the release of euro zone gross domestic product data, as the dollar struggled to gain traction in the wake of a surprisingly soft U.S. manufacturing report. The euro rose ...
Digital currency, the Airbnb and Uber killer
May 15th, 2017
Ride-sharing app Uber experienced a setback on Thursday (11 May), as a top EU lawyer of the European Court of Justice (ECJ) stated in an opinion that the company can be regulated as a transport business, instead of an ...
China shares gain on spending program
May 15th, 2017
Hang Seng China Enterprises Index on course for six-day surge Oil climbs as Russia, Saudi Arabia favor extending output deal Chinese equities rose as optimism over infrastructure spending offset concerns over the strength of the global economy, while oil surged ...
How money is created
May 13th, 2017
How money is created Since the Eurosystem launched its accommodative non-standard monetary policy measures, the central bank reserves of commercial banks in the euro area have gone up sharply, more than seven-fold within a period of not quite ten ...
EU raises eurozone growth forecasts
May 12th, 2017
Economic growth in the eurozone this year should be a bit better than previously forecast according to the latest outlook unveiled by EU Economic and Financial Affairs Commissioner Pierre Moscovici. Gross domestic product for the 19-country bloc is expected ...
Crude’s rally took the price of a barrel back above $48 in New York
May 12th, 2017
Retailers slump on Macy’s results as bonds, gold advance Crude sustains momentum in wake of U.S. stockpile data U.S. stocks fell from records, though losses eased in afternoon trading as crude’s rally took the price of a barrel back ...
Bank of England released Monetary Policy; Bank Rate held at 0.25%
May 11th, 2017
Bank of England has issued today an announcement to release a summary of its Monetary policy as it was voted in its meeting ended on 10 May 2017. Bank Rate held at 0.25%, government bond purchases at £435bn and corporate ...
Dollar hits eight-week highs vs. yen, kiwi tumbles
May 11th, 2017
The dollar edged lower after notching an eight week high against the yen on Thursday in Asian trade, while the New Zealand dollar tumbled after its central bank suggested a tightening was further out than markets had priced in. ...
