Category: Finance
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Why this holiday season, shoppers might finally be ready to buy fancier stuff
[ad_1] From Nov. 1, when holiday spending picks up in earnest, through Dec. 31, Adobe expects U.S. online sales of $240.8 billion, an 8.4% gain and a new record. [ad_2] Source link
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UK economic growth ‘robust’, OECD thank tank says
[ad_1] The UK has risen in the rankings of a group of wealthy nations to have the joint-second highest economic growth for this year, a think tank has predicted. The economy is now expected to grow by 1.1%, the same rate as Canada and France, but behind the US. The Organisation for Economic Co-operation and…
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UniCredit says it will not seek Commerzbank board seat
[ad_1] Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UniCredit will not ask for a board seat at Commerzbank, according to its chief executive Andrea Orcel, despite potentially becoming the German bank’s largest shareholder with a 21 per cent stake. Orcel said on…
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Analysis-China’s monetary volleys miss key threat to economic growth
[ad_1] By Liangping Gao, Ellen Zhang and Marius Zaharia BEIJING/HONG KONG (Reuters) – China’s central bank has shifted to a more aggressive easing stance, but its policy weapons don’t have the key enemy to economic growth in their line of sight: the persistently weak consumer demand. The liquidity injections and the lower borrowing costs flagged…
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Bitcoin price today: rises to $64k as rate cut cheer persists By Investing.com
[ad_1] Investing.com– Bitcoin’s price rose on Wednesday as persistent cheer over global monetary easing spurred more flows into risk-driven assets, with the world’s biggest cryptocurrency now in sight of a major breakout. A barrage of stimulus measures from China also aided overall sentiment, while markets positioned for interest rate cuts by Swiss and Swedish central…
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Google News
[ad_1] Financial controllers need to be value creators, EY report The CFO [ad_2] Source link
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Watch These KB Home Stock Price Levels As Shares Slide After Earnings Report
[ad_1] Key Takeaways KB Home shares dropped 6% in extended trading on Tuesday after the homebuilder missed Wall Street’s third-quarter profit expectations. The stock sits poised to fall below the lower trendline of an ascending triangle on Wednesday, opening the door for further price fluctuations. Investors should monitor key post-earnings price levels on KB Home’s…
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Why Visa’s antitrust battle could be so worrying to Wall Street
[ad_1] Visa’s stock falls as Justice Department launches suit. An analyst notes there are more potential alternatives to Visa’s debit network in the event the company is penalized. [ad_2] Source link
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Will the US presidential election define the future of crypto?
[ad_1] Getty Images SEC chair Gary Gensler is highly critical of some cryptocurrency firms The cryptocurrency industry is “rife with fraud and hucksters and grifters”, one of the United States’ top financial regulators has told the BBC. The chair of the US Securities and Exchange Commission (SEC), Gary Gensler, says the “investing public around the…
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US antitrust lawsuit accuses Visa of using dominance to shut down rivals
[ad_1] Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The US Department of Justice has filed an antitrust lawsuit accusing Visa of monopolising the market for debit payments and using its dominant position to crush potential competitors. The civil complaint filed on Tuesday…