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News of a draft Brexit deal has added to investor optimism from a raft of better-than-expected earnings reports
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Attachment 37305
News of a draft Brexit deal has added to investor optimism from a raft of better-than-expected earnings reports
more...
While the U.S. has stayed strong, some other major economies are facing recessions.
Amid a global slowdown in economic growth that has seen central banks lower interest rates near zero or below in an effort to provide stimulus, here’s a look at which of the major economies are on high recession alert.
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Attachment 37584
New Zealand's central bank left the key interest rate unchanged on Wednesday, defying expectations for a reduction, and signaled that it was ready to add more stimulus if needed, in the backdrop of subdued growth and below-target inflation. The Monetary Policy Committee of the Reserve Bank of New Zealand, led by Governor Adrian Orr, decided to keep the Official Cash Rate, or OCR, at 1.0 percent.
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According to a new academic study of bitcoin’s 2017 boom the whole rise of the digital currency may be attributed to a single “large player” who, however, remains unidentified.
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Amazon is best positioned to be the winner of this year’s holiday shopping season.
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Friday’s jobs report will deliver key insights into the U.S. economy.more...Quote:
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- November will likely see solid job growth, with economists polled by Dow Jones forecasting 187,000 jobs added last month—one of the highest preliminary estimates this year, thanks to a temporary boost from General Motors autoworkers, who returned to work after weeks of striking for better wages.
- The consensus on the unemployment rate is that it will remain unchanged from last month, hovering at 3.6%.
- The U.S. economy added a much better than expected 128,000 jobs in October, with the unemployment rate at 3.6%—near a 50-year low. But some of the recent jobs data has been confusing, CNBC points out: The latest weekly unemployment claims dropped to a seven-month low, even as recent ADP data showed private sector jobs in November grew at the slowest rate—by just 67,000—in six months.
China's official GDP forecast is coming out soon. Meanwhile, markets increasingly betting on trade war truce.
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The U.S. police have arrested three individuals in connection to a crypto mining scam that costed investors over 722 million USD.
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What can we learn about the chance of a U.S. recession next year? We review the key data to monitor.
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The World Bank warned that risks to the global economy include tariffs, geopolitical tensions and a fresh global debt crisis.
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