At this week’s Money 20/20 Europe fintech event in Amsterdam, Netherlands, I heard something that underlines exactly the kind of hype cycle we are in right now with blockchain. “Let’s just call it a blockchain anyway, we’ll get funding,” one delegate said to another. Whether it was a joke or the person was being serious […]
Read moreThe world’s largest hedge fund has made the astonishing claim that it’s bearish on almost all financial asset classes, according to the website ZeroHedge. The finance blog highlighted a conclusion from Bridgewater Associate’s latest “Daily Observation” note Tuesday, authored by the firm’s co-CIO Greg Jensen. “We are bearish on financial assets as the U.S. economy […]
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Gold could see a quick drop to $1,250 if it breaks below these levels, technician Louise Yamada says
Gold is holding the $1,300 level but any deterioration would likely be the beginning of an even bigger slide, says one veteran technician. “If we can’t hold here and we break the uptrend, there’s a possibility that the price could slide toward $1,250,” Louise Yamada, managing director of Louise Yamada Technical Research Advisors, told CNBC’s […]
Read moreIt took a few weeks, but borrowers finally took notice of a drop in mortgage interest rates. After falling for a month, mortgage application volume jumped 4.1 percent last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted report. Volume was 2 percent lower than a year ago, largely due to […]
Read moreDeciding to merge large companies can be disruptive and will likely cause problems for at least one of the firms involved, the chief financial officer of Zurich Insurance told CNBC Wednesday. Recent reports have suggested that German firm Allianz could be interested in merging with its peer Zurich. Allianz Chief Oliver Baete told the Financial […]
Read moreHP Inc. now expects 4,500 to 5,000 employees to leave the company by the end of fiscal 2019 as part of an ongoing restructuring plan, the PC maker said on Tuesday. In October 2016, HP’s board had approved a restructuring plan to be implemented through fiscal year 2019, under which it had expected around 4,000 […]
Read moreWhat ever happened to “synchronized global growth?” Nobody is suddenly looking for economic recessions in new corners of the globe. But amid a weakening in some global economic data relative to activity in the U.S., there’s no question that a handful of stocks that has been trading within with the “synchronized global growth” theme has […]
Read moreIndia’s central bank on Wednesday raised its policy rate for the first time in more than four years, due to inflation concerns, but kept its policy stance as “neutral”. The monetary policy committee lifted the repo rate by 25 basis points to 6.25 percent, the first increase since January 2014, as predicted by 46 percent […]
Read moreA ramp-up in the pace and scope of tariffs could set the world back to 2008 in terms of global trade levels, the World Bank has warned. In its latest Global Economic Prospects report, published Tuesday, the multinational finance organization had a grim forecast for both emerging and developed markets in the event that the […]
Read moreCentral bankers gathered in Berlin Wednesday confirmed the European Central Bank (ECB) is set to finally discuss the end of its massive bond-buying program — something that its President Mario Draghi has so far refused to do. Speaking at a conference, the ECB’s Chief Economist Peter Praet said the bank will discuss next week how […]
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