Global stocks and US futures slipped on Wednesday, as poor economic data from China damped traders’ hopes for a swift post-pandemic recovery in the world’s second-largest economy. Europe’s region-wide Stoxx 600 was down 0.2 per cent, Germany’s Dax lost 0.3 per cent, France’s Cac 40 fell 0.5 per cent and London’s FTSE 100 was flat.
Real estate agents Rosa Arrigo, center, and Elisa Rosen, right, work an open house in West Hempstead, New York. Newsday LLC | Newsday | Getty Images Mortgage rates shot higher last week, as stronger economic data stoked more fear that the Federal Reserve will not lower interest rates anytime soon. In turn, mortgage demand dropped
Shakespeare foretold the tale of America’s latest debt-ceiling crisis — full of sound and fury, signifying nothing. The final deal, which will probably be passed this weekend, could also have been scripted by Joe Biden. Rarely in the history of fiscal brinkmanship has so much noise been made by so many Republicans with so little
The world’s largest natural soda ash producer plans to float in London, a boost to a stock market that has struggled to attract new listings and prevent companies from leaving. WE Soda, the UK-based group that produces the glassmaking ingredient and is controlled by Turkish media mogul Turgay Ciner, is targeting a $7.5bn valuation, enough
The Chinese government continues to crack down on the cryptocurrency industry with a new investigation targeting a major Chinese yuan stablecoin issuer. The team of Trust Reserve, the issuer of the Chinese yuan-pegged stablecoin CNHC, has been detained by the Chinese police, the local blockchain publication PANews reported on May 31. According to the report,
Bitcoin (BTC) tested $27,000 on May 31 as weakness prevailed into the monthly close. Analyst: Bitcoin reaching “crucial area” Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it continued to lose momentum after local highs near $28,500. As early-week excitement faded, traders and analysts warned that now was a make-or-break point for the
Early Bitcoin (BTC) investor and Bitcoin Cash (BCH) advocate Roger Ver claimed that Ethereum, not Bitcoin, will be responsible for driving the bulk of new users towards crypto. On a May 31 episode of the Show Me The Crypto podcast, Ver — labeled “Bitcoin Jesus” for his early Bitcoin advocacy — said that despite Ethereum’s
Former ministers will be banned from lobbying the UK government for at least five years after leaving office and transgressors fined under a Labour government, according to plans to be put before the party’s policymaking body this summer. Senior officials said the move, which comes as the party finalises its general election manifesto, was part
As the vote results came in, HSBC chair Mark Tucker could finally declare victory at the end of a fractious annual general meeting in Birmingham this month. Tucker had spent a torrid year locked in a war of words with HSBC’s largest shareholder, Chinese insurer Ping An, who had turned activist at the bank’s previous
A group of 255 of the UK’s top private equity dealmakers earned £2.7bn in carried interest in a single year, the kind of gain that has drawn scrutiny from politicians threatening to increase taxes on the industry. The haul accounted for about 80 per cent of all carried interest — the slice of profits private
Dr. Saifedean Ammous, the author of the explanatory book about Bitcoin (BTC), The Bitcoin Standard, has been appointed the Economic Advisor to the National Bitcoin Office of El Salvador. On May 30, the Office announced that the Austrian economist had joined the team as its advisor for matters related to various economic policies. Dr. Ammous’
Ben.eth, the pseudo-anonymous memecoin creator behind at least three controversial token launches in recent weeks could fall under the crosshair of United States regulators, crypto lawyers suggest. A previously little-known personality in the crypto community, Ben.eth has seen his Twitter following blow up nearly five-fold in May. The influencer has launched at least three memecoins
Construction on a real estate development project gets underway near the Bund in Shanghai, China, on May 25, 2023. Future Publishing | Future Publishing | Getty Images BEIJING — New data show China’s massive property sector is still struggling to turn around, despite signs of recovery earlier this year. “In a reversal from April, prices
? What I want to do is share with you three tips to determine if an option trading guru is the real deal and knows what they’re talking about. ? You’re probably studying, watching YouTube videos, and buying books to learn about options trading, but you might be wondering, “Can I trust this content and
South Korea erroneously sent a warning to residents of Seoul to take shelter after North Korea fired a projectile Wednesday morning, just days after signalling its intention to launch its first military reconnaissance satellite. Japan also issued a missile alert for the southern island of Okinawa, but it was quickly lifted after the projectile, which
A new yield farming app called Origin Ether has accumulated over $12 million in total value locked (TVL) just 14 days after launch, according to data from blockchain analytics platform DefiLlama. TVL is a metric that measures the dollar value of assets inside an app’s smart contracts. The app was launched on May 16, according
In this article HPQ HPE BOX AMBA Follow your favorite stocksCREATE FREE ACCOUNT The Hewlett-Packard Co. logo is displayed on the window of an electronics store in New York. Ramin Talaie | Bloomberg | Getty Images Here are the stocks making notable moves after the closing bell Tuesday. Ambarella — The chip stock fell 12%
A team of researchers from Friedrich-Alexander-Universität Erlangen-Nürnberg recently published a paper detailing methods investigators and courts can use to determine the validity of deanonymized data on the Bitcoin (BTC) blockchain. The team’s preprint paper, “Argumentation Schemes for Blockchain Deanonymization,” lays out a blueprint for conducting, verifying and presenting investigations into crimes involving cryptocurrency transactions. While the
The writer is prime minister of Sweden With just over five weeks to go until the Nato summit in Vilnius, it is time to seriously consider Sweden’s application for Nato membership. Since the organisation’s meeting last year, 29 allies have approved Sweden’s application. Turkey and Hungary remain. Sweden has entered into an agreement with Turkey
Western countries are increasing pressure on Turkey to admit Sweden to Nato, as Stockholm makes a final push to overcome Ankara’s opposition to its membership. Ulf Kristersson, Sweden’s prime minister, writes in the Financial Times that a new anti-terror law entering force on Thursday delivers “on the last part” of an agreement to secure Ankara’s
Designing a beautiful nursery can be almost as exciting as welcoming a baby. It’s important to create a space not just for sleeping but also to enjoy such a special time. Still, there’s no denying the amount of pressure on new parents to choose the right things to buy or put on a baby registry.