- Bitcoin and the aggregated cryptocurrency market have been consolidating for two months now
- This trend isnt showing any signs of letting up anytime soon either, as BTC has been postin…
Bank of England holds rates steady as UK navigates second wave fears and Brexit talks – CNBC
The Bank of England has held interest rates steady and maintained its existing level of bond purchases, as investors watch for signs that it is anticipating a slower economic recovery.
The Bank of England on Thursday held interest rates steady and maintained its existing level of asset purchases, as investors watched for signs that it is anticipating a slower economic recovery.
The main lending rate was kept at 0.1%, with the central bank having cut rates twice from 0.75% since the beginning of the coronavirus pandemic.
The Monetary Policy Committee voted unanimously against extending its bond-buying program, having announced an additional £100 billion ($131.4 billion) expan…
Goldman Warns Covid-19 Vaccine Approval Could Upend Markets – Yahoo Finance
(Bloomberg) — Investors should consider the risk of a successful coronavirus vaccine unsettling markets by sparking a sell-off in bonds and rotation out of technology into cyclical stocks, warned Goldman Sachs Group Inc.The increased probability of an approv…
(Bloomberg) — Investors should consider the risk of a successful coronavirus vaccine unsettling markets by sparking a sell-off in bonds and rotation out of technology into cyclical stocks, warned Goldman Sachs Group Inc.
The increased probability of an approved vaccine by the end of November is underpriced by equity markets and by that time the result of the U.S. election will be known, wrote strategists including Kamakshya Trivedi in a note Wednesday. Investors will also know how the start of…
What ‘going cashless’ means for the 14 million unbanked Americans – MarketWatch
‘Alarm bells go off in my head because the impact of going cashless is highly unequal,’ said Martin Chorzempa, a research fellow at the Peterson Institute for International Economics
Even though there have been many advancements in financial technology over the past decade, many Americans still prefer to pay in cash. In fact, cash was the most popular form of payment until 2019, when debit cards rose to the top of the ranks in the San Francisco Federal Reserves annual survey. Cash remains king, however, when it comes to payments under $10.But the pandemic has caused people to shift away from cash transactions for fear of coming in contact with coronavirus on the surface of d…
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