Shares of spread-betting firm Plus500 surged Wednesday after it said it had benefited from increased interest in cryptocurrencies. Plus500 said in a trading update it had achieved record quarterly revenues in the fourth quarter of 2017, and an additional 246,000 customers, owed in part to its cryptocurrency contracts for difference (CFD). CFDs let traders bet […]
Read moreCurrency, United States Finance
Europe markets seen higher; investors monitor sweeping reforms to EU financial sector laws
European markets are expected to open higher on Wednesday morning, as investors reacted to a string of robust economic data and monitored the release of a fresh set of rules for the continent’s financial sector. The FTSE 100 is poised to open up by 8 points at 7,645, while the DAX is seen up 56 […]
Read moreManhattan real estate sales and prices took a fall in the fourth quarter, and they’re likely to slide even further this year after the new tax rules take effect. Total sales volume fell 12 percent compared with the fourth quarter of last year — the lowest quarterly level in six years, according to a report […]
Read moreThe temperature may be frigid across much of the nation, yet home prices are sizzling and sellers are in the hot seat. Sales prices jumped 7 percent annually in November, according to a new report from CoreLogic. That is the third straight month at that pace, far higher than the price gains in the first […]
Read morePresident Donald Trump has returned from an end-of-year holiday to face fresh legislative challenges, midterm elections, and threats abroad. The president began the second year of his presidency with confrontational tweets targeting Iran and Pakistan. He slammed Islamabad on Monday for “lies & deceit,” saying the country had played U.S. leaders for “fools,” by not […]
Read moreIn keeping with a sharp pivot underway among Republicans, U.S. Representative Mark Meadows, speaking on CBS’ “Face the Nation,” drew a hard line on federal spending, which lawmakers are bracing to do battle over in January. When they return from the holidays on Wednesday, lawmakers will begin trying to pass a federal budget in a […]
Read moreOil prices notched their strongest start to a calendar year since 2014 on Tuesday, amid anti-government protests in Iran and ongoing OPEC-led production cuts. U.S. West Texas Intermediate (WTI) crude futures traded at $60.45 a barrel, up 0.05 percent, at around 9.40 a.m. London time. The benchmark peaked at $60.74 a barrel earlier in the […]
Read moreEuro zone manufacturers ended 2017 by ramping up activity at the fastest pace in more than two decades, a survey showed on Tuesday, and rising demand suggests they will start the new year on a high. The bloc’s economy outpaced its peers last year, and the European Central Bank plans to scale back its stimulus […]
Read moreCurrency, United States Finance
BP to take $1.5 billion charge from US tax overhaul but expects earnings uplift
British energy company BP expects a positive impact on future post-tax earnings from the United States after the changes to U.S. corporate taxes, it said on Tuesday. The U.S. House of Representatives gave final approval in December to the biggest overhaul of the U.S. tax code in 30 years, which included a cut to the […]
Read moreEuropean markets are expected to open mixed on Tuesday morning, as investors reacted to surprisingly upbeat economic data in China and continued to monitor geopolitical unrest in Iran. The FTSE 100 is poised to open up by 13 points at 7,694, the DAX is seen up 22 points at 12,896 while the CAC 40 is […]
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