China’s economy expanded 4.9 per cent year on year in the third quarter as industrial growth powered the country’s recovery from the coronavirus pandemic. The expansion in gross domestic product missed expectations but was well ahead of a 3.2 per cent increase in the second quarter and represented a sharp turnround from a historic decline
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Bitcoin (BTC) starts a new week in familiar territory as markets move into the United States’ 2020 elections — where could it go next? Cointelegraph takes a look at five factors that could influence BTC price action in the week ahead. U.S. macro: Elections vs. stimulus The U.S. is the firm focal point when it
As the global economy shudders from the disastrous effects of central planning, the International Monetary Fund (IMF) managing director in Washington, DC, Kristalina Georgieva is calling for a “new Bretton Woods moment.” Georgieva spoke about the juncture on October 15, and she stressed today’s economic hardships are the same as the difficulties the world faced
Four steps to stay on track for s secure retirement. Keep on running so you don’t run out of money … [+] in retirement. AFP via Getty Images Being stuck at home for months and months, thanks to COVID-19, has many people rethinking what their dream retirement looks like. Others, who are out of work
Fortress Investment Group delayed the pricing of $3.2 billion of municipal bonds to build a passenger railroad between southern California and Las Vegas, a sign that investors were hesitant to finance such a speculative project at a time of deep economic uncertainty. The company boosted the equity contribution to the project by $500 million, among
VANCOUVER, BC / ACCESSWIRE / October 19, 2020 / Ximen Mining Corp. (TSXV:XIM)(FRA:1XMA)(OTCQB:XXMMF) (the “Company” or “Ximen”) is pleased to announce results from its Providence property near Greenwood in southern British Columbia. Assay results were received recently from field examinations completed at the start of this season on the Company’s Providence property near Greenwood. Results
It was a soft coup. There is no question about it, and no one involved has been indicted or even told they were a subject of a criminal investigation… Kevin Shipp interviewed on USA Watchdog by Greg Hunter Former CIA Officer and counter-terrorism expert Kevin Shipp predicted nobody of significance would go to jail about
What’s more critical for the stock market’s health than the outcome of the presidential election? A COVID-19 vaccine, so says Goldman Sachs. With Q3 earnings season kicking into gear this week, the firm believes the virus’ effect on fundamentals should be the focus, as opposed to the race to the White House. “The vaccine represents
by Michael Snyder The reason why so many people are clamoring for Congress to get another stimulus bill passed is because an unprecedented number of households are in desperate financial need right now. As you will see below, millions of Americans missed their rent or mortgage payments last month, millions missed their student loan payments,
Money laundering is a multibillion dollar industry that impacts legitimate business interests by making it much more difficult for honest businesses to compete in the market since money launderers often provide products or services at less than market value. Where a financial institution or business is also regulated by the government, money laundering or a
George Russell in Hong Kong Switzerland’s executive body, the Federal Council, on Sunday introduced new restrictions to counter what it called a “rapid rise in coronavirus infections”. From Monday, gatherings of more than 15 persons are prohibited, while wearing masks is compulsory in “publicly accessible indoor areas”, including in all railway stations, airports and at
North Korea’s pretrial detention system is rife with forced labour, sexual abuse and filthy prison conditions, according to testimony obtained by Human Rights Watch. The new allegations of rights abuses returns to the fore questions about whether the US and South Korea can hold Kim Jong Un to account for crimes in his country while
Coming every Sunday, Hodler’s Digest tracks every important crypto news story from the previous week. Essential reading for all Hodlers! Top Stories This Week Calm before the storm? Analyst says $20,000 Bitcoin is possible in three months Bitcoin volatility has fallen to a 16-month low, indicating that a sharp move is on the horizon. Large
Corbis via Getty Images In anticipation of Brexit in January, upmarket London homes have been selling in record numbers. Buying more than any other foreign nationality are the French. During the first nine months of this year, the French were the largest foreign buyers of prime central London real estate. Their share of transactions has
People in Turkey are increasingly turning to bitcoin as the local currency, the Turkish lira, recently hit another record low against the dollar. Bitcoin adoption in Turkey outshines other countries in the region. Turkey Is Regional Leader in Bitcoin Adoption Bitcoin adoption has been increasing in Turkey as the local currency, the Turkish lira, hit
Economic Security Planning, Inc. Today’s column addresses questions about what’s possible after suspending a retirement benefit, survivor pensions based on a spouse’s non-covered pension, responding to a notice of overpayment from Social Security and why spousal benefits may not have been available. Larry Kotlikoff is a Professor of Economics at Boston University and the founder
The economic news was mostly positive Friday, with consumers spending on clothes, cars and eating out, while manufacturing continues to suffer. Retail sales soared 1.9% in September, after an unrevised 0.6% climb in August, the Commerce Department reported Friday. Excluding autos, retail sales rose 1.5% in the month after a 0.5% gain a month earlier.
With many Americans struggling to pay rent and even put food on the table during the coronavirus pandemic, the Federal Reserve has taken extraordinary action to support the suffering economy. While the Fed’s actions are intended to help strengthen the economy, it is a temporary solution leading to an even bigger problem, the inevitable devaluation
Whether we realize it or not, we’re responding with passive acceptance of oblivion… by Charles Hugh Smith via Of Two Minds Whether we realize it or not, we’re responding with passive acceptance of oblivion. You’ve undoubtedly heard rearranging the deck chairs on the Titanic as an analogy for the futility of approving policy tweaks to address systemic
Shares in GTT Communications closed almost 7% higher on Friday after the cloud networking provider struck a $2.15 billion deal to sell its infrastructure division to I Squared Capital. As part of the sale agreement, GTT (GTT) will receive an upfront payment of $2.02 billion at the closure of the transaction and total deferred payments
American Funds has been offering mutual funds since 1934. Based in Los Angeles, it is a subsidiary of global asset manager Capital Group. Capital Group is America’s seventh-largest asset management firm with assets under management (AUM) of $1.7 trillion, as of June 2020. It provides wealth management and financial advisory services to high net-worth individuals,
Europe’s economy is sliding towards a double-dip recession, with economists warning that rising coronavirus infections and fresh government restrictions on people’s movement are likely to cut short the region’s recent recovery. Germany, France, the UK, Italy, Spain and the Netherlands have all announced measures in the past week to contain the second wave of Covid-19
Evan Spiegel, CEO and co-founder of Snap Inc. Adam Galica | CNBC With earnings season gathering pace, now is the time to re-evaluate your portfolio. However, in such an unpredictable environment, investors need to be particularly savvy when making critical investing decisions. “Markets are now hoping for (and trading on) a smooth election, a big
Britain’s biggest care home lobby group has criticised the sector’s regulator for failing to “stop the car crash” during the first months of the Covid-19 pandemic and provide sufficient support and oversight. Faced with the most acute crisis to hit care homes and their residents in decades, Care England, which represents the larger chains as
It’s been a good week for the crypto markets. Bitcoin finally burst through the $11,000 ceiling, and kept going. According to some experts, the coin could be on its way to a full 2017-style bull run. Other analysts have identified five events that could move the markets this week, including the election’s effect on the
Robert Clark is Founder and Executive Chairman at Clayco, a design-build company with more than 30 years of experience in the industry. getty A number of large businesses have been helping small, minority-owned and women-owned businesses since the beginning of the pandemic. JP Morgan Chase donated $8 million to small businesses to help them avoid economic
The U.S. Securities and Exchange Commission (SEC) wants to facilitate tokenized exchange-traded funds (ETFs), according to chairman Jay Clayton. The agency is collaborating with other U.S. regulators to determine how to regulate different crypto products. SEC Open to Tokenization of ETFs SEC Chairman Jay Clayton talked about the commission’s approach to regulating crypto products during
Zero percent concept icon – 3D Rendered Image getty How does 3 years of 0% returns sound? I saw a popup ad this week, and it said something like “guess which stock is up 350% this year?!” I chuckled to myself and thought, in the perception of some investors, maybe all of them. My point:
An unsuccessful bid by the Philadelphia 76ers to get public support to build their own arena may encourage the basketball team’s owners to try and spur a city versus suburb bidding war. The NBA franchise, currently a tenant at the 24-year-old Wells Fargo Center, looked into building a new arena in the Penn’s Landing section
Gold prices and silver prices in India struggled for direction amid muted global rates. On MCX, December gold futures were down ₹50,653 per 10 gram while silver futures edged slightly lower to ₹61,512 per kg. Gold and silver prices in India have been volatile this week. In the previous session, gold prices edged up 0.3% while silver