Market Overview - Page 361

Despite a post-halving rise in bitcoin’s price Wednesday, the current value may not be enough to keep less-efficient miners operating, and that could shift market dynamics. At press time, bitcoin (BTC) was trading up 2.3% over 24 hours at $9,106..

Oil prices climbed on Thursday following an unexpected drop in U.S. crude stocks, but the Brent benchmark still hovered below $30 a barrel as any bullish momentum continued to be curbed by a bleak fuel demand picture due to the.

Another “big setback” in the U.S. economy could prompt the Federal Reserve to consider cutting interest rates into negative territory — but such a monetary policy wouldn’t be “very helpful,” a Goldman Sachs strategist said on Thursday. Fed Chairman Jerome.

Market dislocations triggered by the coronavirus crisis have sent more capital into Chinese stocks — and some strategists see this as part of a longer-term trend. “We’re finding that a lot of foreign managers globally (are) reshuffling their holdings in.

The S&P500 climbed by 36% over the period of harsh quarantine, from the March bottom to the highs of April. Due to this rebound, the index offset 65% of the decline from the peaks of February. However, the stock’s recovery.

The coronavirus crisis will fundamentally reshape global trade as companies look to reduce their dependence on Chinese manufacturing, economists have predicted. In a report published on Wednesday, the Economist Intelligence Unit (EIU) said the pandemic will reverse globalization by accelerating.

Rest in peace GRAM coin, we hardly knew ye. No, seriously. TON was the next big cryptocurrency project attached to one of the biggest messaging apps in the world — Telegram — run by Pavel Durov, the expat Russian holed.

The Democratic-led U.S. House of Representatives unveiled on Tuesday a sweeping new coronavirus bill with more than $3 trillion in assistance to states, families and epidemiologists seeking to track the extent of the coronavirus pandemic. The following are major provisions.

Federal Reserve officials note the need for the US government to increase fiscal support. These words sound like an alarm warning that business recovery is slower than previously expected. The President of the Reserve Bank of Dallas, Richard Kaplan’s words.

Global stocks and oil prices fell on Wednesday as fears about a second wave of coronavirus infections gripped financial markets. Investors, many facing steep losses due to the pandemic-driven shakeout in assets over the past few months, have also had.

The economic impact of the coronavirus pandemic prompted governments to issue more debt than ever before in April, according to data provided by the Institute of International Finance. The Covid-19 outbreak has meant countries have effectively had to shut down,.

U.K. GDP (gross domestic product) contracted by 5.8% month-on-month in March, according to preliminary figures released Wednesday, as lockdown measures began to hammer economic activity in the country. It represents the biggest monthly fall since the series began in 1997,.