President Donald Trump called on Congress late on Tuesday to hand him $5.7 billion this year to help build a wall on the US border with Mexico but stopped short of declaring a national emergency to pay for the wall using military funds.
The Federal Reserve may only need to raise interest rates once in 2019, Atlanta Fed President Raphael Bostic said, focusing on business executives’ nervousness about the economy and a global slowdown as factors that may hold the US central bank back. Read more here!
The dollar floundered for traction against other currencies on Tuesday, with investors increasingly convinced that the Federal Reserve will not raise interest rates this year amid risks of a sharper slowdown in global growth. Read more here!
Ethereum developers have already reached a tentative consensus to implement a new proof-of-work algorithm that would increase the efficiency of GPU-based mining on the network, as opposed to ASIC-based type of mining. Read more here!
Bitcoin automated teller machine (ATM) manufacturer Lamassu has moved to Switzerland due to regulatory difficulties in other countries, according to a blog post. Read more here!
Oil prices increased around 1.5 percent on Monday, pushed up by optimism that talks in Beijing can resolve a trade war between the United States and China, while supply cuts by major producers also supported crude. Read ,more here!
Asian stocks rallied on Monday as a dovish turn by the Federal Reserve and unexpectedly strong US jobs data soothed some of the market’s worst fears about the global outlook. Read more here!
US President Donald Trump pledged on Sunday not to bend in his demand for a wall along the southern border with Mexico but stated that the barrier could be made of steel instead of concrete as a potential compromise with Democrats who refuse to fund it. Trump’s statements came at the beginning of the third …
The dollar weakened against other currencies on Monday, as traders felt more bearish due to the increasing expectations that the Federal Reserve would put its policy tightening to a pause in 2019. Read more here!
US stocks were lower after the close on Thursday night, with losses in the Technology, Industrial, and Basic Materials sectors led the shares lower. Read more here!
S President Donald Trump and congressional leaders were set on Friday to meet and discuss ways to break an impasse pitting his demand for building a border wall against Democrats’ call for alternative security measures. Read more here!
Oil priced inched up on Friday, shaking off previous losses after China said it would hold talks with the US government on January 7 to 8 to look for solutions to the trade disputes between the world’s two biggest economic powerhouses. Read more here!
The Australian and the New Zealand dollar staged a remarkable comeback on their US counterpart on Friday, as lackluster economic data fueled speculation of a U-turn on US interest rates. Read more here!
US stock futures slipped and Asian shares stumbled on Thursday after a rare revenue warning from Apple Inc added to worries about slowing global growth and weaker earnings and jolted currency markets. Read more here!
The European Central Bank designated three temporary administrators on Wednesday to take charge of Italy’s Carige bank in an unforeseen effort to save the floundering lender after it failed to raise new capital. Read more here!
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