China’s exports soar as US recovers and India stalls.
China’s exports unexpectedly surged last month as America’s speedy recovery from the pandemic spurred demand.
SEC Chair Gary Gensler raises concerns about Robinhood, trading gamification and social media hype
New Securities and Exchange Commission Chairman Gary Gensler will testify before the House Financial Services Committee on Thursday.
Goldman Sachs internal memo unveils new cryptocurrency trading team
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...
These momentum stocks reporting in May are worth their high valuations, traders say
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.
China ‘indefinitely’ suspends key economic dialogue with Australia
China has “indefinitely” suspended key economic dialogue with Australia, the latest in a growing diplomatic rift between both countries.
UAE economy performs ‘better than expected’ throughout year marked by coronavirus
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 caused by the coronavirus pandemic was laid bare by the country’s Minister of Economy Abdulla Bin Touq Al Marri.
US economy accelerates as recovery continues
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.
Roaring ’20s economic recovery? For some it’ll be ‘Grapes of Wrath,’ top analyst warns
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.
European stocks close slightly lower as investors look to Fed meeting, earnings
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.
Shopping trips set to fuel economic rebound
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.
Bitcoin climbs 10% as cryptocurrency market attempts a comeback from last week’s plunge
The price of the world’s most valuable digital currency climbed about 10% to $54,338 a coin, according to data from Coin Metrics. Two smaller digital tokens, ether and XRP, rose 9% and 15% respectively.
Why a strong start to earnings season isn’t halting the slide for global stocks.
Corporate earnings season is off to a flying start, but the positive surprises have so far failed to generate upward momentum for global stock markets.
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