Economy: Boeing ousted CEO Dennis Muilenburg On Monday, the most significant manufacturing exporter decided to replace CEO Dennis Muilenburg. Boeing which is one of the symbols of the U.S. economy is struggling to regain the trust of regulators, customers, and the public. Two fatal incidents created many problems for the world-famous company. This decision comes …
This year has been a very rough ride for the pound sterling, from the UK Parliament’s Prorogation to the recent election earlier this month. The currency has seen major surges and steep dives this 2019. The pound sterling has also made it to every headline, stirring the spotlight in the forex market. And as the …
What’s Happening to the Pound Sterling? | Wibest Broker Read More »
American financial writer Jeff Siegel recognized the power of the American dollar in an essay earlier this year. He claimed it’s the foundation of its superpower status, and once it’s devalued, the US can lose “everything.” As the now-impeached President Donald Trump abused the USA’s capabilities, more people are beginning to realize the country has. …
Prominent Abuse on the American Dollar | Wibest Broker Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. GBPUSD The pair has been sliding for five consecutive sessions, falling from its December 16 highs and breaking below the 50-day moving average, which could be used by the bulls to prop the royal …
Daily Market Charts and Analysis December 24, 2019 Read More »
Two days before Christmas, U.S. stock futures had a good day. Thanks to positive news connected with a trade deal between the U.S. and China. Recently, China’s government agreed to lower tariffs for all trading partners on more than 859 types of products. According to the information released by China’s Finance Ministry. Moreover, the lowered …
Crypto-related companies are evolving around the globe. There are many cryptocurrency exchanges as well as crypto mining and other companies. Nevertheless, banks are still skeptical about crypto-related business activities. Moreover, several financial institutions already issued statements regarding crypto purchases. The clients of these banks won’t be able to purchase digital assets using credit or debit cards. …
Crypto-related companies and financial institutions Read More »
On Monday morning, futures for the Dow Jones Industrial Average increased by 62 points or 0.2% to 28,546. Meanwhile, the S&P 500 index gained 7.80 points or 0.2% to 3,233.50. Another major stock index, which is the Nasdaq Composite rose 31.25 points to 8,741.75. Dow futures continue to strengthen its positions for a third week …
Technology companies in China, especially Huawei and TikTok parent company ByteDance, are under the most pressure between the US-China tensions. 143 Chinese companies are under an American blacklist for surveillance allegations and confirmed breaches. In recent news, the Italian industry minister Stefano Patuanelli said the largest telecom provider should still be allowed in Italy. He …
Chinese Tech Brands Under Security Scrutiny | Wibest Broker Read More »
The Hong-Kong based cryptocurrency exchange Bitfinex enabled crypto purchases with debit and credit cards for its customers around the world. It followed the footsteps of other crypto exchanges such as Binance, which is one of the main players in this industry. Bitfinex released a statement regarding this news. According to the statement, customers will be …
The Thai baht steadies the US dollar this Monday thanks to the drop in the country’s export reported yesterday. The currency is pushing its luck to end the year with substantial gains against the greenback in sessions. The USD THB exchange rate flatlined and only slipped by 0.02% or 0.005 points in today’s trading. However, …
Thai Baht Steadies Against the Buck as Exports Drop Read More »
China has the second-largest economy in the world. According to its plan, its GDP, as well as the income, should double in a decade. As a result, China would cement its reputation for global economic power. To achieve this goal, China’s economy must grow by more than 6% in 2020. If this is going to …
China’s plan to become the world-largest economy Read More »
Commodities on the market are on the move again thanks to recent news about the US-China trade war. Spot gold prices climb to monthly highs after China criticized the new US interface. The highly volatile metal’s safe-haven appeal is gleaming thanks to the two biggest economies. Aside from that, the holiday sessions – Christmas and …
Spot Gold Prices Rally Ahead of the Holidays | Wibest Read More »
Last week, House of Representatives voted to impeach U.S. President Donald Trump. Nevertheless, on the second day, U.S. stocks reached all-time highs as investors ignored the news that U.S. Congress voted to impeach U.S. Donald Trump. For example, the S&P 500 rose 0.5% to 3,205.37. This index reached more than 3,200 for the first time. …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDNOK The pair is trading in the green in the latest trading session perking up after sliding sharply in the previous session and slipping far below the 50-day moving average. Over in Norway, the …
Daily Market Charts and Analysis December 23, 2019 Read More »
Cryptocurrencies offer a number of advantages in comparison with fiat currencies. One of the most important is that crypto money is not under the control of any central bank in the world. This and other factors made cryptocurrencies popular around the globe. One politician from Russia and his non-governmental organization benefited from this industry. …
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