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Fintech Focus For April 20, 2021
Monday, April 19, 2021 - 7:52pm | 2247Read More...Quote To Start The Day: "Many of life's failures are people who did not realize how close they were to success when they gave up." Source: Thomas A. Edison One Big Thing In Fintech: Earlier this month, Bakkt, a digital-currency fintech that specializes in concurrency, rewards and...
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Fintech Focus For March 23, 2021
Monday, March 22, 2021 - 5:59pm | 1880Read More...Quote To Start The Day: Behind every great man is a woman rolling her eyes. Source: Jim Carrey One Big Thing In Fintech: As soon as July, officials at the Federal Reserve Bank of Boston and the Massachusetts Institute of Technology, which have been developing prototypes for a digital dollar...
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Fintech Focus For February 8, 2021
Sunday, February 7, 2021 - 8:25pm | 2192Read More...Quote To Start The Day: Excessive determinism is almost always the biggest enemy of stability. This seeming contradiction is behind the concept of metastability which captures the mode of market functioning in the last years. Metastability is what seems stable, but is not — a stable waiting...
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Fintech Focus For February 5, 2021
Thursday, February 4, 2021 - 6:53pm | 2031Read More...Quote To Start The Day: Robinhood Markets, GameStop Corp. and hedge funds are all on the wish list that House Financial Services Committee Chair Maxine Waters is assembling for a hearing that will dig into the Reddit-fueled stock trading that has shocked Wall Street and lawmakers. “I’m...
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These China ETFs Are Ready To Rally
Thursday, March 3, 2016 - 2:08pm | 625Read More...Chinese stocks are struggling this year, and it hasn't made a difference whether stocks in question trade in Hong Kong or on the mainland, also known as A-shares. A benchmark exchange-traded fund tracking some of the largest Hong Kong-listed names is down 9.2 percent year-to-date. That is bad....
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What UBS And Bank Of America Are Saying About China's Ongoing Devaluation
Wednesday, August 26, 2015 - 11:09am | 582Read More...The People's Bank of China on Tuesday announced it has cut the benchmark one-year lending and deposit rate by 25 basis points to 4.60 percent and 1.75 percent, respectively. This marks the fifth rate cut initiated by the PBoC since November 2014. The Chinese central bank also removed the...
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Benzinga Market Primer: Monday, June 24
Monday, June 24, 2013 - 6:41am | 946Read More...Futures Drop On China Fears, Easing Doubts As Chinese Stocks Plummet U.S. equity futures declined in early pre-market trade Monday on continued fears surrounding the Chinese economy. The People's Bank of China issued a statement attempting to reassure markets of the state of the Chinese economy...
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Benzinga Market Primer: Thursday, April 18
Thursday, April 18, 2013 - 6:33am | 1116Read More...Futures Slightly Higher as G20 Agrees to Avoid Competitive Devaluations U.S. equity futures rose slightly in pre-market trading following the release of a draft G20 statement. In the statement, the G20 agreed to avoid using competitive devaluations as a tool of policy, however the group refrained...
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Benzinga Market Primer, Monday, December 17
Monday, December 17, 2012 - 7:14am | 733Read More...Futures Flat on Fiscal Cliff Deal Hopes U.S. equity futures were flat in early pre-market trading as politicians continue to work towards a deal in resolving the Fiscal Cliff. Over the weekend, House Majority Leader Boehner reportedly proposed a bill that included tax hikes for the rich. However,...
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Chinese Trade Collapses in July, Markets Drop
Friday, August 10, 2012 - 8:01am | 494Read More...Chinese trade collapsed in July as export and import growth slowed from June showing that the global economy continued to slow. Chinese growth, especially its large export sector, has slowed as Europe dips further into recession as the debt crisis chokes growth on the continent. Chinese export...
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Benzinga Market Primer, Friday August 3
Friday, August 3, 2012 - 6:52am | 574Read More...U.S. equity futures rose early Friday ahead of the much anticipated Non-Farm Payrolls report. The Bureau of Labor Statistics is expected to report that the U.S. economy added 100 thousand jobs in July and 110 thousand private jobs. The range of estimates is very large, from 50 thousand to 165...
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Chinese GDP Slows in Second Quarter, Lowest Growth Rate in 3 Years
Friday, July 13, 2012 - 10:08am | 347Read More...Chinese GDP growth slowed to the lowest level in three years during the second quarter. China's National Bureau of Statistics reported that the economy grew at a 7.6 percent annualized rate in the second quarter, slower than the growth rate in the first quarter of 8.1 percent. Chinese GDP reflects...
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Tomorrow's Data Docket: Inflation is the Word
Thursday, May 10, 2012 - 5:00pm | 546Read More...Tomorrow, the economic data docket is filled with inflation numbers from around the world, as well as Canadian employment data. First off, at 21:30 est, Chinese inflation, both CPI and PPI numbers, are to be released. The consensus estimates for these numbers are 3.3% year-over-year and -.5% year-...
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China Continues Currency Manipulation Scheme?
Tuesday, September 13, 2011 - 1:28pm | 308Read More...On Tuesday, rumors persisted that China would enter the market for Italian debt, either directly or in the form of acquiring Italian industrial holdings. The move initially provided support for the EUR/USD pair, before the trade reversed when it was reported that the rumors had little merit. News...
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Benzinga's Political Roundup July 6, 2011
Wednesday, July 6, 2011 - 11:57am | 185Read More...President Barack Obama asked Congress yesterday to get a deal done on raising the debt ceiling, as opposed to a makeshift, short-term solution. Obama also wants tax hikes included in the deficit reduction deal. Yesterday, Moody's cut Portugal's credit standing to junk, warning the country may...
