US Personal Spending Plummets 7.5%, Reflecting Steepest Drop Ever
The US dollar declined against the euro yesterday after the initial jobless claims missed economists’ estimates by a huge margin. Additionally, personal spending also declined more than anticipated. In the past 24 hours, the EUR/USD rallied from a low of
Read MoreNorwegian Krone Declines to 1-Month Low as Crude Trades at Negative Prices
Norway’s krone declined to a new monthly low of 10.64 against the greenback, after crude oil plummeted to negative prices for the first time ever. For the first time in twelve years, the country’s economy is anticipated to contract in
Read MoreIsrael Economy Expands 4.6% q-o-q in 4Q19
Israel economy grew at an annualized rate of 4.6% q-o-q in the December 2019 quarter, beating the 4.2% growth forecast in the second estimate. While private consumption increased 10.4%, compared with 9.5% in the second estimate, fixed investment rose 7.3%,
Read MoreChina March Trade Surplus Beats Forecasts
The Shanghai Composite index had a strong opening today, with the benchmark index beginning the day at 2,795, reflecting a gain of 0.4% from prior close. The market was also anticipating upbeat data related to overseas trade and trade surplus.
Read MoreChina Inflation declines to 4.3% m-o-m in March
As coronavirus continues to jolt the world economy, China, where the virus originated, is facing a sharp economic slowdown. The number of virus infected cases has crossed 1.50 million, with 95 thousand deaths and almost 351,000 recoveries. In the US,
Read MoreFTC Warns Investors To Not Be Duped By False Promotions
People are always on the lookout for ways to get rich. This is why you see so many get-rich-quick schemes becoming so successful and the people behind them have no trouble getting money out of individuals who fall for the
Read MoreLondon Block Exchange Set To Go Into Liquidation
Though the rumours have been circulating for over a year regarding the poor financial health of the London Block Exchange (LBX), analysts did not take those rumours seriously as the company still looked to be going strong. The company went
Read MoreNew Indian IPOs Expected To Bring In Billions Of Dollar In 2020
Initial public offerings (IPOs) are a major move by companies to get some funding for their potential expansion and operation. A successful IPO can transform a company from a minor player to a major player in the market. India seems
Read MoreWoodford Investors Expected To Lose More Money
Neil Woodford was one of the biggest fund managers in the UK and it was his star power that attracted many investors to his equity fund. However, this popular investment fund went bust and his investors were left with a
Read MoreFICO Credit Scoring Will Impact Credit Scores Of Millions In US
Credit scores play a major role in the financial life of every individual. In the past, credit scores were based on a mix of credit history, amount, balances, and payments. This was called the FICO score and was used widely
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