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Investors should sell stocks and raise cash as bearish indicators pile-up for the S&P 500, BofA says

July 29, 2021

Investors should take advantage of any strength in the S&P 500 and sell stocks to raise cash as bearish indicators begin to pile up, Bank of America said in a note on Tuesday. The bank points to negative divergences and […]


Tap-to-phone payments expected to gain traction, industry experts say

July 22, 2021

As the pandemic has popularized contactless payments, companies have begun looking to streamline the process and provide merchants with better technology, like turning a smartphone into a payments processing unit. Mobile point-of-sale (mPOS) is the use of a mobile phone […]


Crude Oil Prices Under Fire, US Retail and Consumer Trends Data Eyed

July 16, 2021

Via: DailyFX
Category: Energy, Industries

Crude oil prices saw heavy selling pressure this week, with the WTI contact on pace for the biggest five-day drop since mid-March. Worries about slowing global growth and the follow-on headwinds for energy prices linked to the spread of the […]


Finance Tech, Liquidity

Cryptocurrencies Trim Weekend Gains, Ethereum (ETH) Outperformance Continues

August 2, 2021

Via: DailyFX

The cryptocurrency market is giving back some of this weekend’s gains with market leader Bitcoin continuing to battle a zone of resistance between $42k and $43.5k. Cardano (ADA) jumped by nearly 50% over the weekend, before paring its gains, while […]


News

Unemployed people in Arkansas have won back their benefits, marking the third state to reverse aid cuts

July 30, 2021

Via: Markets Insider

Unemployed workers in Arkansas are the latest group to win back their federal unemployment benefits after Gov. Asa Hutchinson moved to terminate them ahead of the September expiration. In a Thursday ruling, Judge Herbert Wright said that, as a lawsuit […]


Industries, Retail & Wholesale

US consumers boost spending 1% as inflation remains high

July 30, 2021

Via: ABC News

American consumers increased their spending by 1% in June — a dose of energy for an economy that is quickly rebounding from the pandemic recession but is facing new risks led by the delta variant of the coronavirus. At the […]