In May 2020, one event will have a dramatic impact on Bitcoin and crypto markets in general. In less than one year “halving” will cut production of the oldest cryptocurrency by 50%. The event, expected in May 2020, will reduce the number of new coins awarded to Bitcoin miners. These miners provide the global supply …
This week Boeing made a decision that will have a severe impact on the American economy. On Tuesday, aircraft manufacturer announced its decision to halt production on its bestselling model which is the Boeing 737. As a result, starting from January Boeing will stop building its bestselling jet. As a reminder, Boeing 737 Max airplanes …
Crypto regulations remain one of the most debated topics due to sensitivity. Due to a lack of regulations, politicians around the world are skeptical regarding the future of cryptocurrencies. For instance, U.S. President Donald Trump is one of them. In this situation, it is important to create regulations that will be acceptable for the crypto …
The U.K. decided to leave the European Union as a result of a referendum which dates to 2016. However, it took longer than expected to deal with all the issues connected with leaving the EU. The date of withdrawal changed multiple times. Prolonged withdrawal process continues to affect the stock markets. Two days, U.K.’s Prime …
The Australian money is doing great in trading sessions courtesy of the country’s strong local jobs data. The New Zealand dollar, the Aussie’s neighbor, is also seen soaring through today’s trading. Just yesterday, the country’s Bureau of Statistics delivered splendid figures in its November jobs report. Australia’s employment change went up from -19.0k in October …
Good Jobs Data Propels the Australian Money | Wibest Read More »
The seesaw of results from weekly crude inventory reports caused oil and petroleum prices to steady this Thursday. Prices are still on their third-month highs as of today. Earlier today, the US Energy Information Administration reported a draw in American crude oil stockpiles. That follows an unexpected increase reported by the American Petroleum Institute on …
Inventories Dip, Oil and Petroleum Prices Steady | Wibest Read More »
The pound money may not end its year in positive territories after its steep decline earlier this week. The sterling immediately collapsed in the forex market as traders grow more worried about the impending divorce. The GBP USD exchange rate fell by half a point yesterday, erasing all its gains from the election week. The …
Pound Money Continues Its Descend Thanks to Brexit Woes Read More »
Yesterday, U.K.’s Prime Minister Boris Johnson made a comment which influenced the European stock markets. Johnson promised to block an extension of EU trade talks beyond 2020. His comment revived the fear of hard or “cliff-edge” Brexit. Johnson’s party won a parliamentary majority. As a result, it will be very hard for his opponents to …
After its strong uphill rally last week thanks to the UK election, the pound extends its decline today. The reason? None other than Brexit fears, of course. Investors are backing up as Brexit risks start to resurface as the election hype dies down. Last week, the GBP received a powerful jolt, which paved the way …
Pound Money Declines, Brexit Concerns Intensifies | Wibest Read More »
In less than one month Fifth Anti-Money Laundering Directive (5AML) will change the rules for the cryptocurrency companies. Starting from January 10, new anti-money laundering regulations will address crypto-related companies for the first time. It is important to mention that for the first time, the rules provide a definition of the virtual currency. According to …
Facebook investor veteran Donald Trump supporter, and billionaire, Peter Thiel, advised Zuckerberg to keep allowing false political ads on the website. Despite his lack of comments following the news, this recent action showed his dedication to this decision. Thiel is a key influence of Facebook CEO Mark Zuckerberg’s decision to refuse fact-checking for politicians. Some …
Peter Thiel: Pro-False Advertisement | Wibest Broker Read More »
On Wednesday, Fiat Chrysler Automobiles (FCA) and French automaker Groupe PSA announced an agreement that will change the auto industry. As a result of this agreement, they will create the fourth-largest global automaker by volume. Moreover, it will be the third-largest by volume. This decision will influence the global economy. Groupe PSA consists of several …
Oil petroleum prices halt their upward momentum this Wednesday thanks to the rising US crude stockpiles. But despite today’s contraction, futures are still expected to continue climbing in coming sessions thanks to strong US economic reports. Aside from those fundamentals, prices are also still affected by the ongoing US-China ceasefire. Traders are moving cautiously due …
Stockpiles Rise, Oil Petroleum Pauses Rally | Wibest Read More »
On December 17, mainland Chinese stocks strengthened their positions. The Shanghai Composite jumped 1.27% to close at 3,022.42. Meanwhile, the Shenzhen composite gained 1.30% to 1,708.41. Let have a look at the Shenzhen component; its index increased by 1.45% to 10,306.03. In Hong Kong, the Hang Seng Index added 1.06% during its final hour of …
John McAfee founded one of the most popular anti-virus company, McAfee Associates, in 1987. He left the company in 1994. McAfee is also a famous crypto supporter; his several comments about Bitcoin remains popular to this day. Recently, he announced that he would stop doing the crypto promotions. In a series of tweets beginning on …
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