Stocks

Stocks

Facebook to Cede Control of Upcoming Cryptocurrency to Outside Foundation

Facebook to Cede Control of Upcoming Cryptocurrency to Outside Foundation

Facebook (FB) is planning to give control of a cryptocurrency it is developing to an outside foundation, The Information reported Wednesday, citing people briefed on the plan. The move is reportedly to encourage trust in the forthcoming digital payment system and also to reassure financial regulators. According to the sources […]

by × June 5, 2019 × 0 comments

Business Daily, Market Watch, Stocks

Bond Prices Further Trim Gains; Long End Drops Deeper into the Red

Bond Prices Further Trim Gains; Long End Drops Deeper into the Red

US Treasury prices continued to retrace Tuesday’s gains with the 2-year maintaining its lead while the long bond slipped to Thursday levels, further steepening the curve spread. The bid found on the back of the weak May ADP private payrolls headline lost its mojo as stocks worked the session highs. […]

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Stocks

Hong Kong Hang Seng Gains 0.50% On Fed Easing Outlook

Hong Kong Hang Seng Gains 0.50% On Fed Easing Outlook

The Hong Kong Hang Seng joined the Asian equities rally Wednesday, after overnight gains on Wall Street and comments made Tuesday by US Federal Reserve Chair Jerome Powell indicating the central bank was open to easing. The broad gauge Hang Seng rose 133.92, or 0.50%, to 26,895.44, as gaining issues […]

by × June 5, 2019 × 0 comments