Disclaimer: The findings of the following analysis should materialize by mid-July June 2020 hasn’t been smooth sailing for XRP, the market’s fourth-largest cryptocurrency. After the dramatic decline in March, XRP peaked on 29 April after touching the price point of $0.23. Since then, however, it has been all downhill forRead More →
Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week PayPal is hiring crypto engineersRead More →
Editor’s note: The week has been remarkably active for policy, possibly as a result of economies showing signs of heading slowly back to normal. While crisis remains, it seems like everyone has gotten numb to crisis mode. Recent news has been quite kind to crypto all over the world. WeRead More →
The numbers: The step-by-step reopening of the economy and the increase in the number of people returning to work buoyed the spirits of U.S. households in early June, according to a closely followed survey of consumer sentiment. The preliminary reading of the consumer-sentiment survey rose to 78.9 in June fromRead More →
The numbers: Some 1.54 million Americans applied for traditional jobless benefits in early June and more than 700,000 sought compensation though an emergency federal program, reflecting both a steady decline in job losses from the coronavirus but a still-worrisome number of layoffs. Initial jobless claims slowed to 1.54 million inRead More →
© Reuters. Emirates Airline President Tim Clark speaks at the Arabian Travel Market in Dubai By Alexander Cornwell and Tim Hepher DUBAI/PARIS (Reuters) – Tim Clark will retire as the president of Emirates Airline at the end of June 2020 after more than three decades at the state-controlled business thatRead More →
Canaccord Genuity strategist Tony Dwyer has been bullish on the U.S. stocks in recent years, predicting after rising more than 23% in 2019, the S&P 500 will reach 3,350 by the end of 2020, a more than 8.3% increase from Tuesday’s close. But Dwyer has also made intermittent calls forRead More →
Bloomberg News/Landov Sales at retailers rose at a healthy clip in June as consumers ramped up spending in the second quarter. Retail sales play a big role in the consumer-driven U.S. economy The numbers: Sales at U.S. retailers rose solidly in June for the fourth month in a row, pointingRead More →
Getty Images The US Treasury Department in Washington, DC is seen on August 08, 2011. The numbers: The federal government’s June budget deficit narrowed to $8 billion, the Treasury Department reported Thursday, down nearly 90% from the same month a year ago. The much-lower monthly figure was affected by shiftsRead More →
The U.S. junk-bond market may be flashing a new warning that the credit cycle is nearing its end. About $52.5 billion of corporate bonds issued by U.S. companies with “junk” credit ratings were trading in June at prices below 70 cents on the dollar, the highest amount in six months,Read More →
Treasury yields surged Friday trading after the June jobs report showed the U.S. labor market was still holding up despite global growth headwinds, leading to a partial reversal of bets the Federal Reserve would cut rates several times this year. What are Treasurys doing? The 10-year Treasury note yield TMUBMUSD10Y,Read More →
President Donald Trump Tuesday morning thanked himself for a stock market that has been mostly clambering to new heights. The 45th president via Twitter touted the buoyancy of the equity markets, saying: “Stock Market is heading for one of the best months (June) in the history of our Country. ThankRead More →
S&P 500 retreats after notching its first record since April Minneapolis Fed President Kashkari advocates for a 50-basis point interest-rate cut June Flash manufacturing PMIs were the worst since September 2009; services were the worst since 2016 Stocks finished lower Friday amid heightened tensions between Iran and the U.S. butRead More →
U.S. stock benchmarks on Tuesday enjoyed a nearly unfettered run-up toward records on the back of hope that central banks here and abroad will ease monetary policy soon. Gains on the day have put the Dow Jones Industrial Average DJIA, +1.35% in position to ring up its best June gainRead More →
© Reuters. FILE PHOTO: Visitors talk on the Boeing stand during the EBACE at Cointrin Airport in Geneva (Reuters) – Shares of Boeing (NYSE:) Co rose as much as 3% to more than a two-week high on Friday after Reuters reported that the Federal Aviation Administration (FAA) expects to approveRead More →
© Reuters. FILE PHOTO: An aerial photo shows several Boeing 737 MAX airplanes grounded at Boeing Field in Seattle By Allison Lampert MONTREAL (Reuters) – U.S. Federal Aviation Administration (FAA) representatives told members of the United Nations’ aviation agency they expect an ungrounding of Boeing (NYSE:) Co’s 737 MAX jetsRead More →
© Reuters. FILE PHOTO: Employees walk by the end of a 737 Max aircraft at the Boeing factory in Renton (Reuters) – American Airlines said on Sunday it will extend cancellations of 90 flights a day through June 5 because of the grounding of Boeing (NYSE:) 737 MAX aircraft followingRead More →
