Companies from PayPal to Bank of America are getting ready to issue their own stablecoins as regulators take a softer approach and Donald Trump’s enthusiasm for cryptocurrencies has given the idea new energy.
Author: admin
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RUSSIA SOCKS CHINESE CAR IMPORTS WITH TARIFFS
Someone other than Donald Trump has a trade beef with China. Russian officials have put a fee equivalent to about $7,500 on Chinese passenger vehicles coming into the country.
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BANK OF CANADA CUTS INTEREST RATE BY ANOTHER QUARTER POINT
On 12 March, as expected, the Bank of Canada took another quarter point off its key interest rate, lowering the rate to 2.75 percent.
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TRILLION-DOLLAR SELL-OFF HITS INDIA’S STOCK MARKETS
A prolonged slide in India’s stock values has erased $1 trillion in value from investors’ holdings. The flagship Nifty 50 index has retreated 14.5 percent from its September high. The Sensex, a catalog of 30 major companies traded on the Mumbai exchange, has dropped 13.9 percent.
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U.K. GDP SHRINKS IN JANUARY
The U.K.’s economic activity contracted by 0.1 percent in January, surprising economists who had foreseen a 0.1-percent increase that would have built on December’s 0.4-percent gain.
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TRUMP WARNS IRAN THAT HE WILL HOLD IT RESPONSIBLE FOR EVERY SHOT FIRED BY THE HOUTHIS
U.S. President Donald Trump seemed to be clearing the way for war with Iran in a social media post on Monday warning the country that he will hold it responsible for every shot fired by the Houthis in Yemen after the weekend bombing campaign he ordered that killed at least 53.
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ISRAEL MURDERS MORE THAN 400 PALESTINIANS IN NEW AIRSTRIKES, CEASEFIRE DEAD, TRUMP COORDINATED
Israeli Prime Minister Benjamin Netanyahu ordered massive airstrikes across Gaza early Tuesday—killing over 400 and shattering a ceasefire agreement that was routinely violated by Tel Aviv.
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GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that will profoundly affect the business community this year.
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
Federal job cuts continue this week with President Trump signing an executive order on March 14 stating “the following government entities shall be eliminated… and such entities shall reduce the performance of their statutory functions and associated personnel to the minimum function presence.”
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SPOTLIGHT: RECESSION WATCH
As analysts read the economic entrails of last week’s market slide, one stock index shows a clear warning of a recession, economists told The Wall Street Journal.
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