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FOREX-Dollar rises on risk aversion, Fed cautious on economic recovery (Adds Fed meeting, quote, updates prices) By Saqib Iqbal Ahmed and Karen Brettell NEW YORK, Jan 27 (Reuters) - The dollar was boosted by safety buying on Wednesday as investors turned more cautious on worries about the economic impact of the ...
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After Fed's Meeting, the Focus Will Be on Jerome Powell: Live Business Updates Here's what you need to know: GameStop's stock continues to soar, as small traders team up against big institutions. Stocks slide ahead of the latest Fed decision ...
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'Dumb Money' Is on GameStop, and It's Beating Wall Street at Its Own Game GameStop shares have soared 1,700 percent as millions of small investors, egged on by social media, employ a classic Wall Street tactic to put the squeeze — on Wall Street.
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Column: Bubble-wary markets eye ETF crush in tech and crypto - Mike Dolan LONDON (Reuters) - Is the presumed proliferation of market bubbles just speculative froth among amateur traders or is concentrated institutional money blowing big soapy spheres that interconnect and may inevitably burst each other? FILE PHOTO: ...
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EU and AstraZeneca fight over vaccine delays while death toll mounts London (CNN Business) A war of words between the European Union and AstraZeneca escalated on Wednesday as the two sides argued in public over coronavirus vaccine delays that threaten the bloc's fragile recovery from the pandemic. The dispute ...
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Fed's Powell More Worried by Cool Economy Than Hot Markets Declaring that the battle against Covid-19 is not over, Federal Reserve Chairman Jerome Powell pledged to keep the monetary spigots wide open to aid the pandemic-hit economy, brushing aside concerns the super-easy stance will spawn a stock market ...
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Central bank digital cash could come to 20% of the world in three years - BIS LONDON (Reuters) - Central banks representing one-fifth of the world's population are likely to issue their own digital currencies in the next three years, a survey by central bank umbrella group the Bank for International Settlements shows. FILE PHOTO: The ...
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JPMorgan Plans Retail Bank Expansion Abroad With UK Foray The New York-based bank will start with a mobile checking account for U.K. customers this year, followed by a full slate of products potentially including credit cards, mortgages and auto loans, according to people briefed on the plans.
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Oil rises as US crude stockpiles drop, new Chinese COVID-19 cases decline SINGAPORE (Reuters) - Oil prices climbed on Wednesday after industry data showed U.S. crude stockpiles fell unexpectedly last week and China, the world's second-biggest oil user, recorded its lowest daily rise in COVID-19 cases in more than two weeks.
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Even Reddit is beginning to discuss the endgame for the wild GameStop ride There was more volume traded in GameStop on Tuesday than any stock on the planet, and even the popular S&P 500 exchange-traded fund. Michael Burry, the head of Scion Asset Management and a ...
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