Bank of England governor Mark Carney has said he is keeping an 'open mind' on the potential utility of Facebook's planned cryptocurrency, but warned it may face strict regulation if it takes off.
White House economic adviser Larry Kudlow on Tuesday said U.S. President Donald Trump is not considering any changes to Fed Chairman Jerome Powell's status following a report that the White House had explored the possibility of demoting him.
The Fed's most recent round of reassurance was a significant mistake.
U.S. stocks rallied on Tuesday, with the S&P 500 inching close to record levels, as President Donald Trump's comments on restarting trade talks with China added to optimism of a more accommodative Federal Reserve.
Oil prices rose about $2 a barrel on Tuesday after U.S. President Donald Trump said he would hold an extensive meeting with Chinese President Xi Jinping at the G20 summit later this month.
3iQ and Mavennet | Fred Pye and Kesem Frank | June 18, 2019 Stablecoins are now a necessary step to mass adoption of cryptocurrencies, as proven by the way they’ve been used to hedge the massive volatility of the market over the past couple of years. Their simple premise enables the seamless pairing of crypto-to-fiat
Lawyers at the White House earlier this year explored the legality of stripping Jerome Powell of his Federal Reserve chairmanship, demoting him to be just one of as many as seven governors of the U.S. central bank, according to a report from Bloomberg News published on Tuesday.
China and the United States are rekindling trade talks ahead of a meeting next week between Presidents Donald Trump and Xi Jinping, cheering financial markets with hope that an escalating trade war between the two countries would abate.
Global stocks rallied on Tuesday and benchmark government bond yields tumbled after European Central Bank President Mario Draghi hinted at economic stimulus, while equities got an extra boost when U.S. President Donald Trump confirmed a meeting with China's president amid the countries' trade dispute.
Wall Street's main indexes rallied on Tuesday, with the S&P 500 inching close to record levels, as President Donald Trump's comments on restarting trade talks with China added to optimism of a more accommodative Federal Reserve.
Oil prices rose more than $1 a barrel on Tuesday after U.S. President Donald Trump said he would hold an extensive meeting with Chinese President Xi Jinping at the G20 summit later this month.
Shares of Western Union fell on excitement around the potential of sending money internationally without fees with Facebook's new cryptocurrency.
Wall Street analysts have said the Libra cryptocurrency could add to Facebook's digital businesses.
Facebook Inc announced ambitious plans on Tuesday to launch a new global cryptocurrency called Libra, part of an effort to expand into digital payments that immediately raised privacy concerns.
Boeing won a major vote of confidence at the Paris Airshow on Tuesday as British Airways owner IAG signed a letter of intent to buy 200 of its 737 MAX jets that have been grounded since March after two deadly crashes.