The tax bill is almost done, so the debate is whether to sell on the news. It may be happening already. Stocks retreated on Tuesday, and even a notable move up in 10-year Treasury yields failed to move bank stocks up. There’s reason to consider that this month’s notable rally should at the very least […]
Read moreSomething spooked homebuyers last week, and it wasn’t interest rates, because they fell. Even refinancers retrenched. Total mortgage application volume dropped 4.9 percent from the previous week, according to the Mortgage Bankers Association. Applications are now 8 percent lower than the same week one year ago. This is the slowest time of the year for […]
Read moreThe creator of litecoin has sold off all of his holdings in the cryptocurrency he created. Charlie Lee, who founded litecoin in 2011, said on Reddit Wednesday that he had “sold and donated” all of his litecoin tokens over the past few days — except for some physical ones he keeps as “collectibles.” Lee said […]
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French prime minister defends his $415,000 private flight from Tokyo to Paris
The French prime minister has defended his decision to charter a private aircraft at a cost of 350,000 euros ($415,000) when a government plane was also available. The office of Edouard Philippe hired an Airbus A340 to fly him and his delegation first class back to Paris from Tokyo, Japan, on December 6. However, it […]
Read moreA disconnect between equities, bonds and the currency market as tax reform legislation nears passage has one equity strategist concerned. The S&P 500 has rallied to record highs as investors price in hopes of corporate tax cuts, but the Treasury market and U.S. dollar are not behaving in a similarly bullish manner, said Matt Maley, […]
Read moreBlame the stock market’s rally for the bitcoin craze that has swept financial markets these last few weeks. While debate rages over whether the digital currency is in a bubble, several market analysts say the cryptocurrency hype would not be possible unless financial markets overall were in the late stage of a bull market or […]
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Power, rivalry and missiles: The dangers of Saudi Arabia and Iran's 'unpredictable' conflict in Yemen
Recent changes in the dynamics of Yemen’s civil conflict — widely seen as a proxy war between rivals Saudi Arabia and Iran — are making it very hard to predict what could happen next in the Middle East. Tensions between Saudi Arabia and Iran ramped up Tuesday following another missile launch from Houthi rebels in […]
Read moreThis is a breaking news story, please check back later for more. The International Monetary Fund (IMF) said that recent progress in Brexit talks was welcome, but added that there was a very long list of tasks ahead with a very ambitious timeframe. Source: cnbc IMF says UK growth seen around 1.5 percent for next […]
Read moreCryptocurrency exchange Coinbase is investigating a price increase in bitcoin offshoot bitcoin cash that happened hours before it said it would launch support for the new digital currency. The price of the digital coin was seen rising sharply before Coinbase announced its support for the buying and selling of bitcoin cash on its platform. It […]
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Bank of England will reportedly allow EU banks to operate in UK as normal post-Brexit
The Bank of England will on Wednesday unveil plans to allow European banks to operate in UK as normal post-Brexit, even in a “no deal” scenario, the BBC reported. European banks offering wholesale finance, money and services provided to businesses and each other, would be able to continue operating through branches without having to go […]
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