Category: Markets
-
How Trump’s potential second term in office could look like By Investing.com
•
As the 2024 US presidential election approaches, analysts are actively discussing potential outcomes, especially how a second term for Donald Trump could unfold. Commenting on this issue, the JP Morgan team believes that a second Trump administration will bring significant changes in various policy areas, from foreign relations to domestic…
-
MarketAxess Launches Tax-Exempt Municipal Bond Portfolio Trading Tool
•
Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24…
-
AUDUSD buyers & sellers had their shot at breaking this week. Both shot and missed.
•
AUDUSD started the week by testing the bottom of the swing zone (going back to early May) near 0.6579 and also the 38.2% retracement of the upward move from the April 2024 low to the May high near the same level. Sellers pushed the price below this level early on…
-
Goldman weighs in By Investing.com
•
In a recent note, economists at Goldman Sachs looked at the potential impacts of US immigration policies before and after the upcoming election, examining scenarios under a continued Biden administration and a potential second Trump administration. Net immigration to the United States rose to nearly 2.5 million last year, which…
-
Ripple Cites Terraform Labs’ Settlement to Lower Penalty Against It to $10 Million
•
Ripple Labs is taking advantage of the recent settlement reached by the Securities and Exchange Commission (SEC) with Terraform Labs to reduce the proposed penalty against it of approximately $2 billion to $10 million, a “supplemental authority notice” published yesterday (Thursday) revealed. . A payment to reduce the settlement amount…
-
Atlanta Fed GDPNow growth estimate for Q2 rises to 3.1%
•
The Atlanta Fed’s second-quarter GDP growth estimate rose to 3.1% from 2.6% on June 6. In their own words: The GDP model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2024 is 3.1 percent on June 7, up from 2.6 percent on June 6.…
-
Wells Fargo – Keyboard Warriors Fired for Fake Work
•
In a move that was both funny and pathetic, Wells Fargo showed more than a dozen employees the door to pretend to work. Yes, you read that right, keyboard warriors have been caught red-handed (or should we say red-fingered?) simulating activity to give the illusion of productivity. The perpetrators, most…
-
An updated technical look at USDJPY heading into to the weekend and the new trading week
•
USDJPY corrected higher since the beginning of the American session, and faced resistance above the 157.40 and 157.464 levels. Buyers turned into sellers against the level. From now on, the swing zone will be nearby resistance not only today but in the new trading week. If it breaks, traders will…
-
China’s Premier Li arrives in Australia, says ties ‘back on track’ By Reuters
•
Written by Kirsty Needham SYDNEY (Reuters) – Chinese Premier Li Qiang arrived in Australia on Saturday, saying relations were “back on track” at the start of the first visit by a Chinese premier to the major trading partner in seven years. Australia is “uniquely positioned to connect West and East”…
-
China’s Premier Li arrives in Australia, says ties ‘back on track’ By Reuters
•
Written by Kirsty Needham SYDNEY (Reuters) – Chinese Premier Li Qiang arrived in Australia on Saturday, saying relations were “back on track” at the start of the first visit by a Chinese premier to the major trading partner in seven years. Australia is “uniquely positioned to connect West and East”…
-
Doo Group Clocks $106.53 Billion in May Trading Volume
•
Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24…
-
The troll farms are winning and can’t be stopped
•
“Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances.” This is the First Amendment…
-
The Dutchman who gets Nike and Lego into wartime Russia’s stores By Reuters
•
By Tassilo Hommel, Gleb Stolyarov, Polina, Nikolskaya, and David Gauthier Villars Paris (Reuters) – Nike (NYSE:) stopped selling its sports apparel to Russia shortly after Moscow launched its all-out invasion of Ukraine more than two years ago. But that didn’t stop Footballstore.ru, an online sports retailer owned by Russian football…
-
“Unlocking the Internet of Value:” RippleX’s SVP Markus Infanger on Transforming Finance
•
Blockchain technology is poised to reshape the financial world, and Ripple is at the forefront of this transformation, with its XRP Ledger pushing the boundaries of what’s possible. Amid the vibrant energy of the XRP Ledger Apex 2024, an exclusive interview with Markus Infanger, VP of Product at Ripple, shed…
-
Citi sees the Fed, the ECB, and the BOE all cutting rates in September By Investing.com
•
In its Global Economic Outlook, Citi economists said they expect the Federal Reserve (Fed), the European Central Bank (ECB) and the Bank of England (BOE) to cut interest rates in September. The bank said its forecasts aim to balance three main themes: resilient service sectors, persistent inflation above official targets,…
-
Binance Leaders Off the Hook in Nigeria Tax Evasion Case after Legal Shuffle
•
Today (Friday), Nigeria dropped tax evasion charges against two Binance executives after a local representative was appointed by the cryptocurrency exchange to handle the legal proceedings. Tigran Gambaryan, a US citizen and head of financial crimes compliance, and Nadeem Angarwala, the British-Kenyan regional director for Africa, have denied the accusations.…
-
The Nasdaq closes at a new record high for the 5th consecutive day
•
The Nasdaq closed at a new record high on Monday at 17,192.53. It did the same thing on Tuesday, Wednesday, Thursday and again today to extend the streak of consecutive closing highs to five trading days. The S&P was in a similar move this week, but closed marginally lower today…
-
Exclusive-Vanguard vote switch helped pass Tesla CEO Elon Musk’s $56 billion pay package By Reuters
•
Written by Ross Kerber (Reuters) – Vanguard, Tesla Inc. (NASDAQ:)’s largest outside investor, said it voted in favor of CEO Elon Musk’s $56 billion pay package, citing the company’s performance, which contributed to the record-breaking rankings being passed on Thursday. In a memo seen by Reuters, Vanguard said it voted…
-
“Fintech Can Truly Change Lives:” Enfuce Co-CEOs on Building a Sustainable Future
•
In the bustling corridors of Money20/20 in Amsterdam, the air was thick with anticipation and innovation. Amidst this dynamic backdrop, Enfuce illuminated a vision for fintech that transcends mere financial transactions. Monika Liikamaa and Denise Johansson, the co-CEOs and co-founders of Enfuce, shared their insights with us in a post-event…
-
Carlyle explores sale of electric power producer Cogentrix, FT reports By Reuters
•
(Reuters) – Private equity firm Carlyle has hired advisers to study a sale of Cognitrix that could value the North Carolina-based energy producer at as much as $3 billion to $4 billion, the Financial Times reported, citing three people familiar with the matter. Carlyle is also selling other energy assets…