Market Overview - Page 254

China’s push to internationalize the yuan will be driven by two things — funds flowing into the country and a relaxation of rules that restrict the Chinese currency from moving abroad, said the chief executive of BNP Paribas China. The.

Maersk, the world’s largest container shipping firm, matched third-quarter profit expectations on Wednesday amid a stronger-than-expected pickup in demand. The Danish company, seen as a bellwether for global trade, reported a 39% quarterly increase in earnings before tax, depreciation and.

Bitcoin (BTC) traded above $17,000 Tuesday at 12:00 UTC for the first time since Jan. 7, 2018, according to the CoinDesk 20 price index. The rise pushes the leading cryptocurrency’s total market capitalization to over $315 billion, just short of.

Changpeng Zhao, the CEO of the world’s largest cryptocurrency exchange Binance, said that decentralized finance is here to stay despite many DeFi projects showing signs of being in a bubble. In a Nov. 17 interview with Russia’s news agency RBC,.

Bitcoin (BTC) will hit $65,000 due to a combination of low supply and “tons of new buyers,” major investor Mike Novogratz says. In an increasingly popular Twitter debate on Nov. 17, Novogratz, who is well known for his prominent Bitcoin.

U.S. farmers sold freshly harvested soybeans directly off their combines for a profit as prices rose to a four-year high this autumn, a welcome change from the losses suffered during the U.S.-China trade war. Strong exports to China as the.

Sweden, infamous for not imposing a lockdown during the first wave of the coronavirus pandemic, appears to be changing tack and implementing stricter measures as a second wave of infections takes hold and hospitalizations rise. On Monday, it announced that.

US retail sales in October fell short of expectations, adding 0.3% vs forecasted +0.5% and +1.6% a month earlier. Separately, the import price index declined by 0.1% m/m against expected growth of 0.2%. Weaker US economic data increased pressure on.

Philip Swift, a Bitcoin (BTC) analyst and the creator of Lookintobitcoin.com, laid out four reasons why BTC is headed to $22,000. Both fundamental and technical factors indicate the top cryptocurrency’s momentum is strengthening. The one-year HODL percentage, the decline of.

Dow Jones Industrial average and S&P 500 futures declined on Tuesday morning after the two major market benchmarks closed at record levels. Dow futures fell 168 points, or 0.5%. The move implied an opening loss of about 160 points. S&P.

Tesla is finally joining the S&P 500. S&P Dow Jones Indices announced on Monday that the carmaker will be added to the benchmark index prior to trading on Monday, Dec. 21. Based on Monday’s closing prices, Tesla would be one.

A new round of vaccine news has returned to the markets the rotation of energy, financial and defence stocks. As a result, Dow Jones was the growth leader among the three leading Wall Street indices, adding 1.6%, against 1.2% in.