Credit Suisse Scandals Prompt Switzerland To Think Unthinkable: Punish Bankers
Exasperation with Credit Suisse following a string of scandals is prompting Switzerland to rethink a system in which top bankers…
Category: World
Canadian Dollar Gains As Investors Cheer Higher Commodity Prices
The Canadian dollar strengthened against its U.S. counterpart on Thursday, moving closer to a recent 6-year high, as oil prices…
EMERGING MARKETS-Turkey’s Currency Hit All-Time Low; EM Stocks At 1-Month High
Emerging market currencies touched new highs on Friday but a rising dollar ahead of U.S. inflation data tempered gains, with…
Turkish Lira Falls To Record As Rising U.S. Yields Add To Woes
The Turkish currency sank to a record low, weighed down by rising U.S. yields and concern that monetary policy remains…
China’s Warnings Come In Thick And Fast To Curb Inflation, Yuan
China has dialed up its rhetoric about surging commodity prices and a strong currency with almost daily commentary by officials…
Cathie Wood Sees Deflation Returning, Boosting Innovation Stocks And Bitcoin
Cathie Wood is going against the grain yet again — this time on inflation. The founder and CEO of Ark…
Bank Of America Hikes Price Target For Nvidia To $750 After Earnings Beat
The latest earnings report from Nvidia should help the semiconductor giant’s stock continue its hot streak, according to Bank of America. The…
France In Double-Dip Recession At Start Of 2021 After Revisions
Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. France’s statistics agency cut its estimate of economic…
Bitcoin Falls Back Below $40,000 As Cryptos Plunge Yet Again
Major cryptocurrencies plunged into the red on Friday morning as the crypto market continues its volatility since last week’s massive…
Pound Ticks Up On Bank Of England Policymaker’s Rates Rise Comment
The pound (GBPUSD=X) rose against the dollar on Thursday afternoon, after Bank of England (BoE) policymaker Gertjan Vlieghe said it…
China’s Yuan Rises To Strongest Since ‘16 Versus Basket Of Peers
The yuan’s rally gathered pace on Thursday, with the Chinese currency rising to its strongest level since March 2016 against…
Yuan Advances To New 3-Yr High As PBOC Yet To Show Discomfort With Recent Gains
China’s yuan advanced further to a new three-year high against the dollar on Thursday, as investors increased their bets on…
Dollar Firms As Traders Brace For U.S. Inflation Gauge
The dollar found support on Thursday from a sense that the Federal Reserve is slowly but surely edging towards a…
Cramer Says Investors Who Are Short GameStop And AMC Are Out Of Their Mind
CNBC’s Jim Cramer said Wednesday he’s not sure why any investors are still betting against GameStop and AMC Entertainment, two of the so-called…
Bitcoin Crash Opens Door To A Tax Loophole For Investors
Crypto investors may be shellshocked by a recent plunge in prices. But that sell-off has a silver lining: It opens the…
Kiwi Dollar Holds Onto Gains After Surprise Rate Hike Projection; Dollar Steady
While the dollar was steady around 5-month lows in early London trading on Wednesday, the New Zealand dollar was up…
Sterling Edges Closer To Year’s High
Britain’s pound neared its high for the year on Tuesday, boosted by expectations of further relaxation of social restrictions linked…
ECB Must Keep Money Taps Fully Open As Crisis Not Over, Stournaras Says
The European Central Bank must keep its money taps fully open, as the euro zone economy is still in the…
Gold Steady Near Multi-Month Highs On Weaker Dollar
Gold steadied near its highest in more than four months on Tuesday, buoyed by a weaker dollar but with gains…
HSBC Won’t Offer Bitcoin, Crypto Service To Wealthy, Reuters Says
Signage for HSBC Holdings Plc headquarters is displayed on the building that houses its headquarters in the central business district…
China State Banks Buy Dollars To Curb Rapid Yuan Rally -Sources
China’s major state-owned banks were seen buying U.S. dollars at around 6.4 yuan per dollar level on Tuesday afternoon, four…
Pound Steadies Below $1.42, BoE Speakers In Focus
Britain’s pound held within recent ranges on Monday, trading just shy of $1.42 as analysts set their eyes on an…
Treasury Yields Dip Slightly To Start The Week
U.S. Treasury yields drifted lower on Monday morning, with little economic data due out at the start of the week.…
John Malone Sees Merged WarnerMedia-Discovery Becoming No. 3 Global Streamer Behind Netflix, Disney+
The blockbuster WarnerMedia-Discovery deal is especially good news for HBO Max, billionaire media mogul John Malone told CNBC’s David Faber. In an interview…
Cramer Is Bullish On Deere Because Of The Big Agricultural Cycle Playing Out
CNBC’s Jim Cramer is bullish on Deere after the company reported strong fiscal second-quarter results last Friday. “Some analysts want to cycle…
Fed’s Lael Brainard Pushes Digital Dollar As Central Bank Currency Race Heats Up
Federal Reserve Governor Lael Brainard pressed the case for a digital dollar, saying Monday that a cryptocurrency backed by the…
Here’s How To Get $100,000 In Annual Tax-Free Income During Retirement
t’s a sure bet that no one — regardless of age — enjoys handing over any of their income to…
There Could Be Another Reason Behind Nvidia’s Stock Split
Nvidia announcing a 4-for-1 stock split on Friday could have some significant ramifications. Just like with Apple a few years ago,…
WarnerMedia Deal Will Hold Back Discovery’s Stock, MoffettNathanson Says In Downgrade
Discovery took a big swing in striking a deal with AT&T to merge with WarnerMedia, but shareholders will have to wait a while…
Wall Street Banks Reveal How To Trade The $60 Trillion ‘Green’ Boom
A number of so-called green and socially-responsible stocks have big potential, according to analysts from three investment banks who picked…