China Cuts Benchmark Rate to 3.8%, the First Since April 2020
(PBC) The People’s Bank of China has reduced its one-year loan prime rate from 3.85% to 3.8%, marking the first cut since April last year at the height of the…
(PBC) The People’s Bank of China has reduced its one-year loan prime rate from 3.85% to 3.8%, marking the first cut since April last year at the height of the…
(Reuters) Chinese regulators are set to ban online brokerages including Futu Holdings Ltd and UP Fintech Holding Ltd from offering offshore trading services to mainland clients. The Nasdaq-listed Chinese companies…
(Markets Insider) Ray Dalio says cash might be the “worst investment,” as the hedge fund investor confirmed holdings of Ether, besides Bitcoin. Dalio, who terms crypto as “impressive,” says they…
(Bottomline Technologies) Shares of Bottomline Technologies Inc. rose more than 15% on Friday on news it was being acquired by Thoma Bravo in a $2.6 billion all-cash transaction. The deal,…
(Eurostat) Annual inflation was recorded at 5.2% in the European Union in November, an increase from 4.4% posted the previous month and significantly higher than 0.2% the prior year. In…
(CNBC) A CNBC survey has found that about 83% of millionaires in the millennial generation own crypto, with 53% of them allocating at least half of their wealth in digital…
(WSJ) Oracle is closing its largest-ever $30 billion deal for healthcare information technology group Cerner as it makes inroads into the booming industry. The deal for Cerner marks Oracle’s inroads…
(FedEx) Shares of FedEx rose up to 5% in premarket on Friday after the company reported revenues of $23.5 billion in the second quarter, up from last year’s $20.6 billion…
(ONS) The volume of retail sales in the UK increased by 1.4% in November, higher than the expected gain of 0.8%. Sales volumes in non-food stores increased by 2.0%, led…
(CoinTelegraph) International Monetary Fund Chief Economist Gita Gopinath has urged for a global policy on cryptocurrency regulation, rather than totally banning the space. Gopinath believes that a ban on cryptocurrencies…
(Fed) Industrial production in the US increased by 0.5% in November to an index of 102.3% of the 2017 average, the highest since September 2019. On a year over year…
(Census Bureau) Housing starts for privately owned units increased by 11.8% in November from October to 1.679 million, higher than the projected 3.1% gain. The housing starts have now risen…