Market Overview - Page 284

Investors slashed $50 billion from Tesla Inc’s market value on Tuesday despite CEO Elon Musk’s promise to cut electric vehicle costs so radically that a $25,000 car that drives itself will be possible, but not for at least three years..

The two US economic policymakers, the Fed Governor and Treasury Secretary are supporting interest in US assets, strengthening both the dollar and the equity market yesterday. Mnuchin and Powell noted during the Congressional hearing that the US economy is recovering.

President Donald Trump has said the 200,000 US deaths from coronavirus were “a shame” in response to a reporter’s question about the milestone in the country’s fight against the pandemic. As Trump was departing for an election campaign event in.

Chinese fervor for online shopping waned in August, a sign that the world’s second-largest economy still faces many challenges as it tries to boost consumption at home. The Chinese government is trying to develop domestic demand as the primary driver.

Any digital currency released in the European Union may not fully replace fiat, said the President of the European Central Bank, Christine Lagarde. Speaking at an online meeting of the Franco-German Parliamentary Assembly on Sept. 21, Lagarde stated that the.

Stocks rose on Tuesday, recovering some of the steep losses from the previous session, as Amazon led shares of Big Tech higher. The S&P 500 traded 0.7% higher. The Nasdaq Composite climbed 1.2%. The Dow Jones Industrial Average advanced 82.

The Australian dollar lost 1.6% yesterday during the European session, dropping from 0.7320 to 0.72. Today a new wave of decline was launched by RBA Deputy Governor Guy Debelle. In his speech, he considered possible options for the Central bank.

The U.S. Office of the Comptroller of the Currency (OCC) has published fresh guidance, officially clarifying national banks can provide services to stablecoin issuers in the U.S. The Office of the Comptroller of the Currency (OCC) and the Securities and.

TUI AG said on Tuesday that it was launching a global realignment program which will affect up to 8,000 jobs and aims to permanently reduce its overhead cost base by 30%. The London-listed German travel company said that it was.

The financial markets are trying to determine the future direction after a wave of decline on Monday. The dollar, which yesterday added against most competitors, has little change at the start of trading this morning. The development of the growth.

The U.K. government is telling the public to work from home again if possible, as Prime Minister Boris Johnson prepares to announce new restrictions on bars and restaurants in a bid to halt a surge in coronavirus cases. “If it.

Before the recent halving, many were prophesying a so-called “death spiral” for Bitcoin. This theory hinges on the idea that the halving of the block reward leads to an exodus of miners due to the sudden unprofitability of mining activities..