Market Overview - Page 235

Oil climbed for a second day on Thursday in light holiday trade as a drawdown in U.S. stockpiles of crude and gasoline raised demand hopes, while hints of an imminent Brexit deal raised investors’ risk appetite. Brent crude futures rose.

Bond yields and sterling jumped Wednesday on reports that a long-awaited Brexit trade deal between Britain and the European Union was close. Officials on both sides have said they are optimistic about the chances of a deal, but some issues.

Nearly one year after the U.S. and China signed the “phase one” trade agreement, Beijing is still far from meeting its committed purchases of American goods, data compiled by the Peterson Institute for International Economics showed. The “phase one” trade.

Shares of Alibaba fell in both Hong Kong and extended-hours U.S. trading as reports surfaced that the Chinese government is conducting an anti-monopoly probe into the tech giant. China’s State Administration for Market Regulation said through official online channels Thursday.

Investors are counting on a weakening dollar to boost rallies in everything from U.S. stocks to emerging markets and industrial metals in 2021. Record-low U.S. interest rates, massive financial stimulus and a growing appetite for risk are among the catalysts.

Bitcoin (BTC) price hit highs above $23,500 on Dec. 22 as Monday’s weakness flipped to see bulls challenge previous levels. Data from Cointelegraph Markets, Coin360 and TradingView show BTC/USD returning to positions lost over the weekend, topping out at $23,625.

Nine months of talks between the U.K. and European Union over a post-Brexit trade accord are hanging in the balance, with officials trying to bring them to a conclusion as soon as Wednesday. Prime Minister Boris Johnson and European Commission.

The U.S. Securities and Exchange Commission (SEC) on Tuesday charged Ripple, the blockchain payments company associated with the cryptocurrency XRP, with conducting a $1.3 billion unregistered securities offering. The SEC also charged two executives of San Francisco-based Ripple for personal.

Oil prices dropped more than 1% on Wednesday after an industry report showed an unexpected rise in U.S. crude oil inventories, and President Donald Trump rattled markets by threatening not to sign a long-awaited U.S. COVID-19 relief bill. Brent crude.

China is extending support measures for the country’s smallest businesses, a signal that full economic recovery from the shock of the coronavirus pandemic still faces many uncertainties. The central government announced a slew of policies during the height of the.

On Tuesday, Tesla CEO Elon Musk tweeted that he considered selling his electric car company to Apple in recent years, but Apple CEO Tim Cook was not even interested in taking a meeting. Specifically, Musk wrote in a tweet on.

President Donald Trump, in a stunning Tuesday night tweet, called the $900 billion Covid relief bill passed by Congress an unsuitable “disgrace” and urged lawmakers to make a number of changes to the measure, including bigger direct payments to individuals.