3 Top Bank Stocks to Buy Right Now Yahoo Finance
Bank stocks have been among the worst-performing sectors in the stock market recently, fueled by plunging interest rates and recession fears. However, when …
Mighty U.S. jobs market buoys economy amid China trade war, Mexico tariff threat MarketWatch
ECONOMIC PREVIEW By Jeffry Bartash U.S. likely added 175,000 jobs in May to keep jobless rate at 3.6% Truckers crossing the border between the U.S. and Mexico could have their hands full with customs officials if the Trump White House slaps tariffs on all Mexican imports. Matthew Busch/Getty Images Three cheers for the strongest U.S. jobs market in decades: It’s the best hope for the U.S. to ride out one trade war with China and another conflict potentially looming with Mexico. If these were normal times, Wall Street would be gearing up this week for the latest snapshot on hiring. The U.S. …
Zimbabwe Businesses Drop Local Currency for US Dollars VOA News
As Zimbabwe’s economy struggles and the country faces scarce fuel supplies, some businesses are refusing to accept the ever-weakening local currency, insisting on doing business in U.S. dollars. One reason is that the local currency, known as bond notes, are not accepted outside the southern African country, making them useless for any companies that need to import goods. This spare vehicle parts seller, Tongai Madamombe, says he wants President Emmerson Mnangagwa’s government to switch to the U.S. dollar as pricing in bond-notes has become difficult. Spare vehicle parts seller Tongai Madam…
Trump’s stunning decision to escalate trade wars with China and Mexico signals a turning point for U.S. policy The Washington Post
President Trump on May 31 threatened to impose tariffs on Mexican imports. The Post’s Nick Miroff explains the significance. (REF:AkhtarM/The Washington Post) President Trump’s plan to slap new tariffs on Mexican imports, weeks after escalating his trade war with China, leaves the United States fighting a multi-front campaign that threatens more instability for manufacturers, consumers and the global economy. The president’s bombshell announcement that he would impose 5 percent tariffs on Mexican imports, with the possibility of raising them to 25 percent if Mexico does not stop migrants fr…
PD: Employee wanted in $100K bank theft in North Phoenix ABC15 Arizona
A bank employee is on the run after reportedly taking over $100000 in cash from a North Phoenix Wells Fargo Bank.
Venezuela has finally admitted to the awful state of its economy Quartz
This week Venezuela’s central bank unexpectedly published data (link in Spanish) on economic growth and inflation. It’s the first time in years that official figures on the economy have been released. Regular updates stopped in 2015 as president Nicolás Maduro’s government plunged the country into severe economic crisis. Last summer the IMF said it expected inflation in Venezuela to soar by 1 million percent by the end of 2018. The central bank’s figures don’t quite show seven-digit-inflation, but they do admit to a period of destructive hyperinflation. According to its account, by the end …
Binance: Stablecoins to Become ‘Quote Currency’ for Cryptocurrencies CryptoGlobe
The research arm of Binance, the world’s largest cryptocurrency exchange in terms of trading volume, has argued that stablecoins will “further become the quote …
Sustainable and ethical fashion gaining currency in Egypt Arab News
CAIRO: Fast fashion is defined as “inexpensive clothing produced rapidly by mass-market retailers in response to the latest trends.” While it is affordable, fast …
Trade wars have cost stock market $5 trillion: Deutsche Bank analysis | TheHill The Hill
President Trump’s multi-front trade war has cost the stock market $5 trillion in the past 17 months, according to analysis from Deutsche Bank.
This chart explains why the stock market drop in May is not like the drop in December CNBC
There’s a key measure of stock market volatility that shows why this month’s sell-off has been different than the drop in December. The CBOE Volatility Index, or VIX, is sometimes known as “the fear gauge.” The VIX helps measure Wall Street’s expectations for large shifts in the stock market in the coming months by looking at prices on S&P 500 options. The VIX is near 18.50 on Friday – close to its 200 day moving average of 16.98. But despite the S&P 500 index falling more than 6% this month, the VIX has hardly budged. It topped out in May at 23.38 – well below the December high of 36.20, a…
