Author: super@dmin
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Currencies: Dollar slides; euro finds footing as EU tries to ease Italy tensions
Foreign exchange markets reflected an improvement in risk sentiment after sluggish data on Chinese economic growth was offset by words of support Chinese authorities on Friday. Also, a European Union official attempted to ease tensions with Italy over the government’s fiscal plans, helping soothe fears of a budget showdown between Rome and Brussels and boosting…
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CryptoWatch: Bitcoin in the doldrums, can’t shake $6,500 range
Major digital currency prices are trading at or near Thursday’s closing levels, continuing a trend that’s held most coins inside tight ranges over the last four sessions. Bitcoin, the world’s largest digital currency, was last changing hands at $6,436.28, down 0.2% since Thursday’s level at 5 p.m. Eastern Time on the Kraken exchange. After rising…
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CryptoWatch: ‘It’s only a matter of time’ until bitcoin breaks out, analyst says
Bitcoin prices traded marginally lower Thursday, continuing what’s been a subdued few sessions for the world’s largest digital currency. After Monday’s move higher, bitcoin oscillated on either side of $6,500, and in Thursday a single bitcoin BTCUSD, -0.19% was trading at $6,453.14, down 0.9% since Wednesday’s level at 5 p.m. Eastern time on the Kraken…
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Currencies: Dollar pulls higher as high-beta currencies slide
The U.S. dollar strengthened as Thursday’s session went on, leading to a softening of risk-sensitive currencies. As the buck pulled higher, global equities, including U.S. benchmarks such as the S&P 500 SPX, -1.44% and the Dow Jones Industrial Average DJIA, -1.27% pushed lower. Meanwhile, Treasury Secretary Steven Mnuchin said he wouldn’t attend the upcoming investment…
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Economic Report: Mortgage rates retreat, but housing supply crunch won't let up
iStockphoto Middle class suburban houses with gables and siding: is this representation of the American Dream becoming more attainable or puling further away? Rates for home loans fell in tandem with the bond market, a welcome respite for the housing market after a recent run-up in home financing costs. The 30-year fixed-rate mortgage averaged 4.85%…
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In One Chart: Wages for the 1% just reached their highest level ever
The 1% has never had it so good. The average wage for the 1% of income earners hit $719,000 per year in 2017, up 3.7% on the year, exceeding their peak of $716,000 per year just before the Great Recession, according to a report released Thursday by the Economic Policy Institute, a progressive, nonprofit think…
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Capitol Report: Elizabeth Warren says Fed should keep Wells Fargo restrictions in place until CEO Sloan is ousted
Bloomberg News Tim Sloan, chief executive officer of Wells Fargo The Federal Reserve should keep restrictions on Wells Fargo in place until the bank gets rid of CEO Tim Sloan, Sen. Elizabeth Warren said on Thursday in a letter to the central bank. The unprecedented Fed restrictions, which mean the banking giant WFC, -2.50% cannot…
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CryptoWatch: Here’s how the U.S.-China trade battle is disrupting cryptocurrency miners
The trade spat between the U.S. and China has spilled over into cryptocurrences and could have lasting effects, according to the founder of a prominent digital currency fund. Until now, the technology that is synonymous with its antigovernment, libertarian-leaning community has dodged any financial implications from the standoff between President Donald Trump and Chinese leader…
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BookWatch: These mind hacks can help you handle a volatile stock market and invest smarter
Many martial arts rely on what is referred to as the “Circular Theory of Self Defense,” meaning that the momentum and exertion of an attacker can actually be used to your advantage. Imagine being rushed by a would-be assailant who speeds toward you with arms extended. Rather than meeting the full force of his momentum…
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Asia Markets: Asian markets pull back, led by sharp declines in China
Asian stock markets fell in early trading Thursday, after Wall Street closed lower and the Fed minutes suggested more interest-rate hikes ahead. Japan’s Nikkei NIK, -0.77% was down 0.5%, with energy stocks weak while financials were up amid fresh overnight gains in bond yields. After crude’s latest decline Wednesday, oil distributor Idemitsu Kosan 5019,…