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Trump Called the Fed’s Rate Hikes ‘Crazy.’ The Banking World Respectfully Disagrees

October 11, 2018

Via: Fortune

After President Donald Trump attacked the Federal Reserve over its interest rate hikes on Wednesday, senior officials and banking chiefs have raced to defend the U.S. central bank and its chairman, Jerome Powell. In the context of a Wall Street […]


Finance Tech, Trading

Gold prices slip, nicked by rising dollar, bond yields

October 10, 2018

Via: Market Watch

Gold futures prices slipped Wednesday as elevated bond yields hovered near their steepest since 2011 and the dollar index traded slightly higher. December gold GCZ8, -0.14% was down $1.20, or 0.1%, at $1,190.30 an ounce, nearing a revisit of the […]


Finance Tech, Liquidity

Can the Whales of Bitcoin Tank the Market?

October 10, 2018

Via: Fortune

In the world of Bitcoin, mysterious “whales”—individuals who own large hoards of the digital currency—have long been a source of speculation and anxiety. Now, new research sheds light on the identity of the whales and their impact on the market. […]


Finance Tech, Trading

Global shares mixed in muted trading amid growth fears

October 10, 2018

Via: ABC News

Global shares were mixed in muted trading Wednesday amid continuing worries about trade tensions and slowing global economic growth. KEEPING SCORE: France’s CAC 40 shed 0.5 percent in early trading to 5,292.91, while Germany’s DAX fell nearly 0.3 percent at […]


Software & Tools

Skype’s Windows 10 app will soon support sending money online

October 9, 2018

Via: TechRadar

Skype is now letting Windows 10 users send money over the service via PayPal, albeit with the feature only in testing at the moment. However, the capability should be coming to the release version of Skype soon enough. Previously, this […]


Software & Tools

2 great finance apps for people over 50

October 9, 2018

Via: Market Watch

I’ll get to them shortly. But first, a question: Why does the fintech world still think that only millennials would be interested in their offerings or, more to the point, why are the creators developing products almost exclusively for people […]


Finance Tech, Trading

World stocks mixed after IMF trims economic outlook

October 9, 2018

Via: ABC News

European and Asian markets are mixed after the International Monetary Fund lowered its outlook for the world economy, citing the impact of rising interest rates and trade tensions. KEEPING SCORE: Germany’s DAX lost 0.1 percent to 11,930.66 while the CAC […]


Energy, Industries

Wall Street Slightly Lower as Tech Stocks, Oil Weigh

October 8, 2018

Via: The New York Times

U.S. stock indexes were lower on Monday, pressured by a drop in technology and energy companies and muted appetite for equities after last week’s spike in Treasury yields following healthy economic data. Six of the 11 major S&P sectors were […]


News

Booming US economy may soon be the ‘strongest since 1999’, Kevin Warsh says

October 5, 2018

Via: CNBC Economy

President Donald Trump’s corporate tax cut and his business deregulation efforts are not just an economic “sugar high,” former Federal Reserve governor Kevin Warsh argued on CNBC Thursday. Most economists “never thought the economy could grow this fast,” said Warsh, […]


Industries, Others

Snap shares fall after analysts cut price targets, citing Instagram competition

October 4, 2018

Via: CNBC

Snap’s user engagement will decline as the messaging app’s customers move to other platforms, according to Evercore ISI. The firm lowered its price target to $7 from $9 for Snap shares, citing the competitive threat from Facebook’s Instagram. The company’s […]