Are we near the end of the long bull market? It’s a good question because the current bull run is now 9 years old, the second-longest in recent financial history. Astute investors have started to concentrate on whether there are any signs that a bear market might be beginning. A bear market is when there […]
Read moreThe start of the fall housing market usually offers a nice bump to the mortgage business. Not this year. Mortgage application volume fell 0.5 percent last week from the previous week. Volume on the Mortgage Bankers Association’s seasonally adjusted survey is now 21.5 percent lower than a year ago. A jump in mortgage interest rates […]
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Gold’s shining rally is coming to a close, says TradingAnalysis.com founder Todd Gordon, who is betting against the yellow metal thanks to what he sees in the charts. Tuesday on CNBC’s “Trading Nation,” Gordon explained that there were two reasons why he wanted to be short gold. First, Gordon points to the metal’s inverse relationship […]
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THE British Labour party is in buoyant mood at its annual conference, expecting to be in power very soon. And it has already started to think about the consequences, including a possible run on the pound if it takes office. But not everyone thinks this is likely; Simon Wren-Lewis, an economist, challenged people to think […]
Read moreCurrency, United States Finance
Socialist firebrands in UK prepared for a major pound sell-off if elected
The U.K.’s Labour party has come under fire after its shadow finance minister said he was prepared for a run on the pound if the Labour party won the next general election. In remarks made at a fringe event during the Labour Party’s annual conference this week, Shadow Chancellor John McDonnell said he would plan […]
Read moreJapanese banks are looking to launch their own digital currency called the J-Coin to wean consumers off cash. Mizuho Financial Group is one of the institutions spearheading the move. “The project is in the early stages, and we have just held study meetings with other institutions,” a spokesperson for the bank told CNBC via email […]
Read moreBritish Prime Minister Theresa May said she was bitterly disappointed by a U.S. decision to slap heavy duties on Bombardier Inc‘s CSeries jets which are partly made in Northern Ireland. May had urged U.S. President Donald Trump to help find a solution to the Boeing-Bombardier dispute which has put around 4,200 jobs at risk in […]
Read moreA reversal of recent low volatility in markets, paired with a rethink by global investors on the attractiveness of stocks, could have “devastating” effects, according to Gina Sanchez, CEO of Chantico Global. Markets in the U.S. have ticked higher since the election of President Donald Trump, aided by promises of reforms, tax cuts and infrastructure […]
Read moreAn upstart sports league in India is suddenly drawing comparisons with the NBA in the United States and the Premier League in the United Kingdom. And for good reason. Rupert Murdoch’s Star India this month paid $2.55 billion to buy the five-year global media rights of the Indian Premier league (IPL), an annual cricket tournament […]
Read moreCurrency, United States Finance
Alstom and Siemens in multi-billion rail merger to counter China's international advance
German industrial group Siemens and French rival Alstom agreed to merge their rail operations, creating a European champion to better withstand the international advance of China’s state-owned CRRC. Siemens will own 50 percent plus a few shares of the joint venture, to be called Siemens Alstom, while Alstom will supply Henri Poupart-Lafarge as chief executive, […]
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