Search Results for: economy
As Oil Plunges, Energy Junk Bonds Turn Dangerous — Again
November 14th, 2018
Back in 2104 oil was falling and hundreds of billions of dollars of energy junk bonds and leveraged loans looked to be at risk. Wolf Street had this to say at the time: “Oil and Gas ...
Euro and Sterling climbed higher on Wednesday; Dollar Index slipped from a 16-month high
November 14th, 2018
The euro and sterling climbed higher on Wednesday as investor confidence rose on news Britain had struck a draft divorce deal with the European Union after more than a year of talks. The rise in the euro and sterling ...
Pound and Yen fell, Asian stocks pointed to a firm start; These are the main moves
November 12th, 2018
Asian stocks and futures pointed to a firm start for equity markets in London and New York as investors assessed whether the recent rallies can endure. The pound slid as U.K. Prime Minister Theresa May fought to keep her ...
The dollar seesawed versus the euro and yen in a volatile session
November 7th, 2018
The dollar seesawed versus the euro and yen in a volatile session as traders scanned U.S. midterm election results for early insights into the prospect of Congressional gridlock. The Democratic Party is expected to win control of the U.S. ...
British Pound rallies on hopes for a UK customs deal Brexit agreement
November 6th, 2018
The pound rallied on Monday after a report said Britain was nearing a deal for leaving the European Union and that an all-UK customs arrangement would be part of it. The currency was lifted by the Sunday Times report ...
The formation of the Digital Currency Trade Association announced
November 5th, 2018
The Digital Currency Trade Association (DCTA) has launched a membership trade association focused on the new digital asset economy. The DCTA is organized as a “business association” under IRS tax law 501(c)(6) and the goal is to organize and ...
Bitcoin turns 10 — how it went from an abstract idea to a $100 billion market in a decade
November 1st, 2018
Ten years ago, as Lehman Brothers was declaring bankruptcy and the global economy was lurching into recession, the idea for an alternative currency was being quietly built online. Bitcoin went from an anti-establishment fad on the internet to a ...
Emerging stocks find solace after October’s wild ride, currencies weaken
November 1st, 2018
Emerging stock markets gained at the end of a brutal month on Wednesday as stimulus hopes lifted Chinese shares, though a firm dollar and a plethora of uncertainties hit many currencies. Chinese stocks rise on stimulus hope after weak ...
UK to introduce ‘Google tax’ in 2020
October 31st, 2018
When it comes to tech, Britain wants to have its cake and eat it, too. The U.K. moved on Monday to extract more tax from the likes of Google and Facebook, even as London pushes aggressively to make itself ...
Dollar holds near 10-week high; Euro lost 1.8 percent this month
October 29th, 2018
The dollar edged higher against a basket of its key rivals on Monday, not far off a 10-week high hit after data showed U.S. economic growth slowed less than expected and as global risk sentiment remained fragile. The U.S. ...
