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The latest Economy News: breaking news on the global and UK economy and international investments including audio and video coverage.
LONDON (BLOOMBERG) – While the mile-long lines of trucks have dissipated at ports, UK businesses are waking up to less visible forms of friction at the border with the European Union that may cause more enduring damage. From health certificates to new taxes and additional paperwork, the cost of moving goods across the English Channel is rising due to Britain’s […]
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* Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr (Updates with market reversal, comment) LONDON, Jan 11 (Reuters) – Euro zone bond yields jumped later on Monday as the resurgent COVID-19 pandemic soured sentiment across markets, with hopes of further fiscal stimulus under President-elect Joe Biden sending U.S. Treasury yields to 10-month highs. Morning trading saw yields dip in the euro […]
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* Turkish, Russian and South African stocks at record high * South Africa’s rand underperforms peers this week * EM stocks have outperformed U.S. peers since late last-year Jan 8 (Reuters) – Emerging market stocks neared a record high on Friday as hopes of economic recovery and loose monetary policy lifted sentiment, while most currencies in Europe, the Middle East […]
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How will New Jersey’s decision to legalize marijuana impact the cannabis industry? New Jersey is now the largest state on the East Coast to go through the legalization process of marijuana. What does this mean for future of the cannabis industry? FOX Business’ Kristina Partsinevelos with more. Marijuana stocks are booming this week following the victories of Raphael Warnock and […]
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Employment report could accelerate ‘epic’ stimulus package: Investment strategist BMO Capital Markets chief investment strategist Brian Belski provides insight into the market’s reaction to the ADP employment report and how it may accelerate another stimulus deal. The U.S. Treasury Department on Thursday announced it has begun issuing economic impact payments on prepaid debit cards, with one key change to ensure […]
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More On: unemployment benefits US workers file 787K jobless claims as COVID pressures job market Millions of Americans lose unemployment benefits as COVID-19 bill stalls US workers file 803K jobless claims as COVID-19 pressures labor market Owe, here we go! Running the deficit for COVID relief will haunt the nation American workers filed 787,000 applications for unemployment benefits last week, […]
Read more The minutes of the Federal Reserve’s latest monetary policy meeting showed there was some discussion about weighting the central bank’s purchases of Treasury securities toward longer maturities. A statement released after the mid-December meeting revealed the Fed plans to continue purchasing bonds at a rate of at least $120 billion per month until “substantial further progress” has been made toward […]
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BEIJING (BLOOMBERG) – Chinese tech companies did a pretty good job convincing global investors that they operated independently from the Communist Party. Now, Jack Ma has become a case study for the firms’ biggest skeptics. Companies from Alibaba Group Holding to Tencent Holdings splashed out billions on overseas acquisitions while developing apps and technologies that challenged Western rivals, with little […]
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Recently, cryptocurrency-based lender BlockFi announced a new rewards credit card that will offer Bitcoin instead of cash back, points, or miles. At this point, the card is one of a kind in the credit card space, but it joins a handful of crypto-focused debit card reward programs that may collectively help disrupt the industry. Cryptocurrency, such as Bitcoin, is becoming […]
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With a jump in spending on private construction more than offsetting a modest drop in spending on public construction, the Commerce Department released a report on Monday showing a continued increase in U.S. construction spending in the month of November. The report said construction spending climbed by 0.9 percent to an annual rate of $1.459 trillion in November after surging […]
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