The US Capitol Building is seen on January 19, 2023 in Washington, DC. Anna Moneymaker | GettyImages The contours of divided government in Washington are now clear: The main point of contention is the looming debt ceiling deadline, and the main area of ​​agreement is addressing systemic competition with Communist China. While they can seem …
Why Beijing is cheering on the US debt ceiling fight Read More »
A passageway near the Bank of England (BOE) in the City of London, UK, on ​​Thursday, March 18, 2021. Hollie Adams | Bloomberg | GettyImages LONDON — The Bank of England on Thursday hiked interest rates by 50 basis points and dialed back some of its previous bleak economic forecasts. The Monetary Policy Committee voted …
US President Joe Biden, front, and Ursula von der Leyen, president of the European Commission. Bloomberg | Bloomberg | GettyImages The European Union is working against the clock to create a program to rival President Joe Biden’s unprecedented climate subsidies. But it’ll face two key issues in the process. The EU had, for a long …
Biden’s IRA has left Europe blind-sided. And playing catch could lead to 2 big mistakes Read More »
The Bitcoin logo on a Coinstar cryptocurrency ATM at a grocery store in Washington, Jan. 19. Photo: stefani reynolds/Agence France-Presse/Getty Images In the US in recent years, privately owned companies have issued thousands of new cryptocurrencies, large and small. These have subsequently become publicly traded without any governmental pre-approval of disclosures. In some cases, a …
Job creation in the private sector plunged in January as weather-related issues sent workers to the sidelines, payroll processing firm ADP reported Wednesday. Companies added just 106,000 new workers for the month, down from an upwardly revised 253,000 the month before. Economists surveyed by Dow Jones had been looking for a gain of 190,000. Most …
Ingots of 99.99 percent pure gold are placed in a workroom at Krastsvetmet precious metals plant in the Siberian city of Krasnoyarsk, Russia, January 31, 2023. Alexander Manzyuk | Reuters Gold Demand soared to an 11-year high in 2022 on the back of “colossal central bank purchases, aided by vigorous retail investor buying,” according to …
Gold demand surged to 11-year high on ‘colossal’ central bank buying Read More »
Snapchat logo displayed on a phone screen is seen with a laptop in the background in this illustration photo taken in Krakow, Poland on August 10, 2022. Jakub Porzycki | Nurphoto | GettyImages Check out the companies making headlines in after hours trading. Snap Shares of social media company Snap sank 14% after the company …
Stocks moving big after hours: SNAP, EA, AMD, WDC Read More »
A screen displays the Fed rate announcement as a trader works on the floor of the New York Stock Exchange (NYSE), November 2, 2022. Brendan McDermid | Reuters The US Federal Reserve, European Central Bank and Bank of England are all expected to hike interest rates once again this week, as they make their first …
Central banks set to signal interest rate glide path in crucial week Read More »
Traffic passes around the Old Street roundabout, also referred to as “Silicon Roundabout,” in the area known as “Tech City” in London, UK Chris Ratcliffe | Bloomberg | GettyImages Tech Nation, the UK startup accelerator programme, is set to close its doors after failing to renew its funding from the government, the organization said Tuesday. …
The next Silicon Valley? Tech Nation to close after UK pulls funding Read More »
General Motors CEO Mary Barra speaks to reporters while she waits for the arrival of President Joe at media day of the North American International Auto Show in Detroit, Michigan, September 14, 2022. Rebecca Cook | Reuters Check out the companies making headlines in midday trading Tuesday. General Motors — The automaker’s stock surged more …
Stocks making the biggest moves midday: Pentair, UPS and more Read More »
