by SmartTipsConsultants | May 9, 2021 | Economic News
China’s exports unexpectedly surged last month as America’s speedy recovery from the pandemic spurred demand. Stalled factory production in India, as the country struggles with a coronavirus crisis, also helped boost the global market for Chinese goods....
by SmartTipsConsultants | May 9, 2021 | Economic News
New Securities and Exchange Commission Chairman Gary Gensler will testify before the House Financial Services Committee on Thursday. It’s the third House hearing focused on GameStop, but Gensler’s first appearance as chairman before the committee. Gensler’s prepared...
by SmartTipsConsultants | May 8, 2021 | Economic News
Goldman Sachs has formally kicked off the cryptocurrency trading era on Wall Street. The bank informed its markets personnel on Thursday that a newly created cryptocurrency desk had successfully traded two kinds of bitcoin-linked derivatives, according to an internal...
by SmartTipsConsultants | May 8, 2021 | Economic News
Are some momentum stocks worth their lofty valuations? Two traders discussed stock market treasures Thursday on CNBC’s “Trading Nation” as the Dow Jones Industrial Average climbed to a record high ahead of Friday’s key jobs report. One high-velocity name that will...
by SmartTipsConsultants | May 6, 2021 | Economic News
China has “indefinitely” suspended key economic dialogue with Australia, the latest in a growing diplomatic rift between both countries. Relations have been on the decline since Australia called for a probe into the origins of the virus and banned Huawei...
by SmartTipsConsultants | May 2, 2021 | Economic News
Latest figures reveal country’s GDP and non-oil GDP declined by 6.1 percent and 6.2 percent, respectively, in 2020 The UAE’s GDP and non-oil GDP declined by 6.1 percent and 6.2 percent, respectively, in 2020 compared to the previous year, as the economic crisis...
by SmartTipsConsultants | May 2, 2021 | Economic News
The US economy continued to recover in the first three months of the year as businesses reopened and the government spent heavily on Covid relief for citizens. The economy grew at an annualised rate of 6.4% in the quarter, up from 4.3% in the final three months of...
by SmartTipsConsultants | May 2, 2021 | Economic News
The anticipated economic boom following the coronavirus pandemic has been likened to the “Roaring ’20s” by some, but a top political analyst has stressed that not everyone will benefit from the bounce back. Tina Fordham, head of global political strategy at advisory...
by SmartTipsConsultants | Apr 28, 2021 | Economic News
The pan-European Stoxx 600 ended the session down by about 0.2% provisionally, with travel and leisure stocks bucking the trend to add 3% while basic resources fell 1.2% to lead losses. European markets followed the trend seen overnight Asia-Pacific, where stocks...
by SmartTipsConsultants | Apr 27, 2021 | Economic News
Britain is set for a “sharp snap back” in spending by shoppers as restrictions ease, according to experts at Deloitte. The firm found “going to a shop” topped the list of leisure activities people are most likely to do after lockdown. Separate...
