Dollar Gets Respite As U.S. Manufacturing Picks Up, Jobs Report Awaited
The dollar clung to small overnight gains on Wednesday, edging back from near a five-month trough versus major peers, as…
Category: World
China Yuan Assets Not A ‘Bargaining Chip’ For Gamblers, Xinhua Warns
Chinese yuan-denominated assets are not a “bargaining chip” for gamblers, the official Xinhua news agency said in a commentary on…
Sterling Hits Fresh 3-Year High As Investors Bet On UK Recovery, House Price Surges
The pound edged lower on Tuesday after touching a fresh three-year high versus the dollar amid expectations for a recovery…
Australia Central Bank Holds Rates As Economy Bolts Ahead, A$ Slips
Australia’s central bank left its cash rate at record lows on Tuesday and reiterated its lower-for-longer policy stance even as…
Canada FX Debt-C$ Heads For Monthly Gain As Current Account Swings To Surplus
The Canadian dollar edged lower against its U.S. counterpart on Monday, but was on track to notch its fourth straight…
China C.Bank Says To Raise FX Reserve Requirements
China’s central bank said on Monday that it will raise the FX reserve requirement ratio for financial institutions to 7%…
Yuan Stabilises After New FX Requirements, Corp Clients Told To Hedge
China’s yuan clawed back earlier losses on Tuesday taken after authorities ordered banks to increase their foreign exchange holdings, although…
Pound’s Gain To Three-Year High Cut Short Amid Variant Concerns
The pound retreated after hitting its strongest level in three years as concern over a new coronavirus strain outweighed bets…
Precious-Gold Prices Near 5-Month Peak On Weaker Dollar, Inflation Worries
Gold prices scaled a near five-month high on Tuesday, driven by a weaker dollar and growing inflationary pressures, while investors…
Economy Can Handle The Sharp Rise In Inflation, Market Bull Ed Yardeni Predicts
The post-lockdown spending frenzy may contribute to a sharp rise in inflation, but Ed Yardeni believes the economy can handle…
Bank of America names its ‘best’ stocks to play the U.S. and global recovery
Analysts from Bank of America have picked stocks set to get a boost as economies in the U.S. and Europe recover from…
Chinese yuan will become a top reserve currency sooner than expected, says Ray Dalio
The Chinese yuan will become a global reserve currency sooner than most people expect, said billionaire investor Ray Dalio. The U.S. dollar is currently the…
These are Wall Street’s top analysts favorite stocks heading into June
With May coming to a close, Wall Street analysts are fine tuning their recommendations as COVID-19 vaccinations pave the way…
Black Wall Street was shattered 100 years ago. How the Tulsa race massacre was covered up and unearthed
A century ago this week, the wealthiest U.S. Black community was burned to the ground. At the turn of the…
U.S futures start month slightly lower after major indexes saw gains in May
Stock futures are slightly lower in overnight trading after major indexes saw gains in May. Futures on the Dow Jones…
Millions of Americans could face eviction as housing protection expires in June
More than 11 million Americans are behind on their rent and many could be pushed from their homes when the…
Cryptocurrency poses a significant risk of tax evasion
The Biden administration wants to get tougher on tax cheats — and cryptocurrency is an area of interest. Virtual currencies…
China’s Yuan Pulls Back After Officials Warn Against Speculation
The yuan hit a three-year high against the dollar on Monday before falling back following a chorus of warnings from…
Gold Heads For Biggest Monthly Gain Since July On Inflation Bets
Bullion has erased its 2021 losses, and is one of the best-performing metals in May, amid signs of rising inflation…
HSBC Is Closing — What Will Happen To Your Checking And Savings Accounts?
British bank HSBC Holdings PLC announced Wednesday that it will sell most of its retail locations across the U.S., reducing…
With meme stocks on the move again, these are the next Reddit stocks to watch
Meme stocks are grabbing the spotlight once again, and Bank of America said to watch out for a handful of…
Deutsche Bank believes the copper rally will steam ahead. These stocks will benefit most
Deutsche Bank is bullish on copper based on increasing supply risks, resurgent demand from China and other macro factors it said would…
These stocks may win as consumers get back to normal this Memorial Day weekend, Bank of America says
Consumer retail, apparel and food and beverage companies are well positioned ahead of the holiday weekend, according to Bank of…
WHO says Covid origin investigation is being ‘poisoned by politics’
A top World Health Organization official said Friday that investigations into the origins of Covid-19 are being “poisoned by politics.” U.S. President Joe…
Biden budget would give CDC its biggest funding boost in nearly 20 years
President Joe Biden’s first budget proposal would give the largest funding boost in nearly two decades to the agency most closely…
AMC short sellers dealt massive $1.2 billion blow after weeklong stock rally
Investors shorting the meme stock AMC Entertainment are estimated to have lost $1.23 billion over the last week as the shares rallied…
Costco is seeing inflation abound, impacting a slew of consumer products
Don’t tell Costco executives that inflation is low. The big-box club chain said it’s been seeing accelerating prices across a…
New bill would ‘open up Big Tech’s hood,’ make companies explain how they decide which content to show
A new federal bill seeks to demystify how social media platforms determine which posts users see, without touching a law…
Box CEO Says He’d Consider A Sale Of The Company Amid Feud With Activist Investor Starboard
Box CEO Aaron Levie sat down with CNBC’s Josh Lipton this week to talk about the company’s feud with activist investor…
Goldman, Roubini and Novogratz explain where they stand on bitcoin and ether
The world appears to be firmly divided into two camps: those who are bullish on cryptocurrencies and those who aren’t. The…