Economy Financial News

19.07 / 20:19

business Blockchain economy economics Science FinTech Quantum Computing Scientists warn the ‘quantum revolution’ may stagnate economic growth

Quantum computing technologies are slowly beginning to trickle out of the laboratory setting and into commercial industries. While it remains to be seen when mainstream adoption will occur, a number of companies are currently engaged in experiments and trials with paying clients to develop quantum computing solutions.

19.07 / 03:11

economy stocks stock market Money TSX Toronto Stock Exchange tsx s&p S&P/TSX composite gains 150 points led by energy stocks, U.S. stock markets also rise

Canada’s main stock index gained almost 150 points, led by strength in the energy sector, while U.S. stock markets also rose.

17.07 / 17:27

markets Blockchain economy Bitcoin Bitcoin Price Bitcoin and crypto brace for further upside as equities look to extend their recent gains

The long-awaited recession and resulting resumption of the 2022 bear market that many have been expecting has failed to materialize so far in 2023. In fact, most assets have caught a bid, with the NASDAQ hitting a 52-week high on July 12.

17.07 / 17:21

economy stocks stock market Money stock markets TSX Toronto Stock Exchange S&P/TSX composite down in late morning trading, U.S. stock markets higher

Losses in the base metal and utility stocks helped lead Canada’s main stock index lower in late-morning, while U.S. stock markets were up to start the trading week.

13.07 / 12:03

markets Blockchain economy lending inflation Interest rates How blockchain tech is making an impact in a challenging credit market

Surging interest rates and a challenging economic climate are making it difficult for individuals and businesses to access credit. In emerging markets with a high proportion of unbanked people, such issues are nothing new.

05.07 / 17:15

economy stocks stock market Money stock markets TSX Toronto Stock Exchange fall S&P/TSX composite down nearly 100 points as tech stocks fall, U.S. stocks also lower

Canada’s main stock index was down nearly 100 points, as losses in the technology sector helped lead the way lower, while U.S. stock markets fall fell in late-morning trading.

04.07 / 23:13

economy stocks stock market Money TSX Toronto Stock Exchange tsx s&p Energy stocks help lift S&P/TSX composite Tuesday as oil tops US$70 a barrel

Gains in energy and battery metals helped lift Canada’s main stock index higher Tuesday as the price of oil also rose above US$70 a barrel.

30.06 / 10:55

economy stocks stock market Money stock markets Tech and energy stocks lift S&P/TSX composite, U.S. stock markets mixed

Canada’s main stock index posted modest gains Wednesday as strength in energy and technology, among other sectors, helped outweigh weakness in base metals, while U.S. markets were mixed.

30.06 / 10:55

economy stocks stock market Money TSX Toronto Stock Exchange S&P/TSX composite up almost 150 points Tuesday, U.S. stock markets also rise

Canada’s main stock index rose almost 150 points Tuesday amid broad-based gains after a new report showed inflation slowed in May, while U.S. markets also rose on economic optimism.

23.06 / 09:23

Adoption economy economics financial literacy BRICS BRICS: History, objectives and an overview of the global alliance

BRICS is an acronym that represents an alliance of five major emerging economies: Brazil, Russia, India, China and South Africa. Jim O’Neill, an economist at Goldman Sachs, coined the phrase in 2001 to emphasize the combined potential of these countries in the global economy.

12.06 / 19:27

Adoption economy economics inflation Hyperinflation National Debt The first-world debt crisis means you can expect more pain ahead

The huge volume of sovereign debt in developed countries (particularly the United States) is often exploited to promote questionable theories about imminent financial collapse.

08.06 / 21:57

markets SEC economy ECB Bitcoin recovery NOT Bitcoin price races toward $27K, but a swift recovery is not confirmed by market data

Bitcoin might have displayed strength by quickly recovering from the $25,500 support level on June 6, but that doesn’t mean that breaking above $27,500 will be an easy task.

30.05 / 12:27

business Government Blockchain Technology Web3 economy Decentralization Laos government reportedly prioritizes blockchain technology for digital transformation

On May 26, the Laotian government reportedly hosted the inaugural Ministerial Conference on Blockchain 4.0 Digital Transformation in the country’s capital, Vientiane. The conference, which was led by Laotian Prime Minister Sonexay Siphandone, was attended by blockchain experts and various leaders from the main economic departments within the country.

18.05 / 18:37

markets economy Gold S&P 500 Bitcoin Bitcoin Price Bitcoin, gold and the debt ceiling — Does something have to give?

Bitcoin (BTC) has been trying to break above the $27,500 resistance for the past week, but to no avail. One of the reasons limiting Bitcoin’s upside is the risk of an eventual U.S. default as the government struggles to get the debt limit increase approved in Congress.

11.05 / 19:23

economy S&P Global Finds Ties Between Crypto and Macroeconomic Changes in Latest Report

Cryptocurrency is still tied to the effects of macroeconomic changes despite drivers such as technology and market sentiment, according to S&P Global’s latest report.

04.05 / 18:51

business Investments Trading economy Stock Investment There’s a simple formula for adding crypto to your portfolio

Imagine coming home and opening your fridge to find a jar filled with your favorite juice. After taking a sip, you realize that the kind soul who prepared the juice added too much water, and there's not much you can do to fix it — removing water from juice is a complicated process. However, if instead the juice-maker was too stingy with water, you can simply dilute the juice with extra water and enjoy a perfect refreshing drink.

28.04 / 11:29

markets economy Bitcoin Bitcoin Price National Debt analysts Analysts at odds over Fed, US debt ceiling impact on Bitcoin price

On April 26, House Republicans scarcely passed their bill to increase the U.S. debt ceiling. This led to analysts already weighing its potential impact on the price of Bitcoin (BTC), ranging from extremely bearish to overly bullish.

25.04 / 15:27

markets economy inflation Bitcoin Bitcoin Price Dollar record high Bitcoin price hits new record high in Argentina

Last week, the price of Bitcoin (BTC) reached a record high in Argentine peso (ARS) terms following persistent inflation in Argentina.

21.04 / 21:37

markets Ethereum Trading economy stocks Ethereum is going to transform investing

Ethereum is often depicted as traditional finance’s adversary in a Manichean struggle for decentralization. In reality, there isn’t any conflict at all. Rather than subverting the traditional financial sector, Ethereum is improving it. Soon, the two systems will be inextricably entwined.

17.04 / 02:29

business Ethereum economy us government Banks Gold Bitcoin Bitcoin, Ether are ‘like gold’ says Cathie Wood, but Ray Dalio is skeptical

Recent turmoil in the banking sector has shown that Bitcoin (BTC) and Ether (ETH) can withstand a shaky economy, outperform other asset classes and function like gold, says ARK Invest chief executive Cathie Wood — though one long-time investor still isn’t sold.

29.03 / 02:15

regulation economy Loans Signature Bank Signature’s crypto clients told to close their accounts by April 5: Report

Signature Bank’s cryptocurrency clients have been reportedly given until April 5 to take their funds out and find another bank, or have their accounts closed by the federal regulator.

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