Market Overview - Page 339

Banks can now offer cryptocurrency and digital asset custody to their clients, but what does this really mean? As you may know, the Office of the Comptroller of the Currency (OCC) announced Wednesday that nationally chartered banks in the U.S..

Mainland Chinese stocks deepened losses by the afternoon, with other Asia Pacific markets also moving lower as U.S.-China tensions worsened on Friday. In mainland China, the Shanghai composite fell 4.20%, while the Shenzhen composite tumbled 4%. The Shenzhen component dived.

China’s Foreign Ministry announced Friday that it is revoking the license for the U.S. consulate general in the southwestern Chinese city of Chengdu. The ministry also ordered the consulate general to cease operations, according to an online statement. “The current.

The number of Americans filing for unemployment ticked back up after 15 weeks of trending downward, with 1.4 million people submitting initial jobless claims for the week ending July 18. Roughly 1 million more freelancers, independent contractors, gig workers and.

Within the last hour Bitcoin (BTC) price broke out of its sideways range to briefly push above the $9,500 level. The move comes after a slight uptick in daily trading volume since Monday (July 20) and traders will now watch.

U.S. equity futures advanced with European stocks as investors monitored earnings and seemed to look past the latest tensions between Beijing and Washington. The dollar slipped for a fifth session. Contracts on the three main American equity gauges pointed to.

In the second quarter of 2020, Tesla secured a net income of $104 million – marking the first four continuous quarters of profitability in the company’s history. Now, it is eligible for consideration to be placed on the S&P 500.

The Office of the Comptroller of the Currency (OCC) is letting all nationally chartered banks in the U.S. provide custody services for cryptocurrencies. In a public letter dated July 22, Senior Deputy Comptroller and Senior Counsel Jonathan Gould wrote that.

Crude oil is rising this week, but its strengthening is more related to the decline of the dollar, rather than to the growth of demand.  It is worth watching this growth with increased caution, as fundamental factors continue to form.

Economist Stephen Roach warns V-shaped recovery mania on Wall Street is leading investors astray. According to Roach, the U.S. is on a collision course with a second dramatic downturn. “The odds of a relapse, not just the virus but in.

The growing divide between China and the U.S. is expected to accelerate, disrupting long-running economic ties and forcing investors to reassess their view of global markets. Tensions escalated this week after the U.S. claimed two Chinese hackers were targeting American.

Investors are piling into haven assets such as gold, the Swiss franc and cash as U.S. stocks approach all-time highs, looking to hedge big moves in equities amid economic uncertainty and a resurgent coronavirus pandemic. Prices for gold are up.