Market Overview - Page 257

On Thursday, PayPal’s crypto trading and payments went live for all eligible customers in the United States. Per its updated announcement, PayPal ended its waitlist for customers looking to use cryptocurrency in the U.S. Trading features a limit of $20,000.

The Chinese yuan, which has steadily strengthened this year, spiked even further in the days leading up to and after Joe Biden’s projected election victory. Analysts have flagged that a Biden win is likely to be more bullish for the.

China’s technology giants are firmly in the crosshairs of the country’s regulators who are trying to figure out how to create a set of antitrust rules that can keep these firms in check. Experts say Beijing will need to ensure.

U.S. job openings increased less than expected in September while hiring fell, suggesting the labor market recovery was petering out even before a resurgence in new COVID-19 cases which is expected to slow momentum. Though the Labor Department’s monthly Job.

Inflation data for Germany and the USA published today highlighting the general trend (slowing) and the significant differences in the current state of the European and US economies. In October, prices in Germany were -0.2% YoY and in the USA,.

The vaccine rally at the beginning of the week is showing more and more signs of exhaustion. The S&P 500 closed on Wednesday near its historic highs, but futures on the index on Thursday morning gave up the gains of.

Asian shares pared their gains in choppy trade on Thursday as investors awaited further details on whether drugmakers can develop a coronavirus vaccine. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.06% to 609.41, which is near its January.

Institutional money appears to be flowing into the decentralized finance (DeFi) sector, with Yearn Finance (YFI) among the top beneficiaries. According to crypto market data aggregator IntoTheBlock, on-chain transactions of $100,000 or higher have increased by 282% over the past.

Apple should invest a portion of its massive cash reserves in Bitcoin, Toroso Investments’ portfolio manager Dan Weiskopf posted earlier today on the ETF Think Tank website. The site’s lead ETF strategist’s call follows in the footsteps of MicroStrategy CEO.

Sony Corp’s PlayStation 5 (PS5) console launched in core markets on Thursday to intense interest online, but with first day real-world sales limited to pre-order pick-ups due to the COVID-19 pandemic that has driven a boom in gaming demand. Sony.

The demand for imported items by Chinese consumers is not as strong as before, according to a partner in management consulting firm Oliver Wyman. “It remains a strong appeal, but there is less appeal for imported products than there was.

Chinese e-commerce giants Alibaba and JD.com racked up around $115 billion in sales across their platforms during the Singles Day shopping event, both setting new records. The record sales number comes as the Singles Day event, also known as Double.