A group of central banks recommended that digital currencies compliment — but not replace — cash and other forms of legal tender.
Kategorie-Archiv: CNBC Financial News
Top J.P. Morgan advisor increases cash position, cites stimulus gridlock risks as major reason
J.P. Morgan Securities‘ Colleen O’Callaghan is taking steps to protect portfolios from an economic setback.
UK economy grew less than expected in August, as recovery from the coronavirus pandemic slows
The data from the Office for National Statistics showed that GDP remained 9.2% lower than in February, before the full impact of the pandemic was felt.
Stocks rise for a third day on stimulus hopes, Dow gains 100 points
U.S. stock futures rose early Friday as Wall Street continued to search for clarity surrounding a new potential fiscal aid bill.
JPMorgan Chase makes $30 billion commitment to help close America’s racial wealth gap
Banks, which have historically contributed to inequality through now-banned practices including redlining, are hoping to be part of the solution to society’s problems.
Consumers‘ ’savings buffer‘ accumulated during pandemic could help aid the economy without stimulus
Morgan Stanley estimates that U.S. households have saved an extra $1.1 trillion as of August, compared to pre-pandemic levels.
Cramer: You’re going to be on the ‚wrong side of the trade‘ if you invest based on Trump’s tweets
„If you’re just going to look at the president’s tweet, you’re just going to end up on the wrong side of the trade,“ CNBC’s Jim Cramer said.
JPMorgan says investors should look past U.S. election ’noise‘ and focus on medium term
Investors who have a time horizon beyond two or three months should be „overweight risky assets“ such as credit and stocks, says JPMorgan Asset Management’s Patrik Schowitz.
Square buys $50 million in bitcoin, says cryptocurrency ‚aligns with company’s purpose‘
Square said Thursday it bought 4,709 bitcoins, worth approximately $50 million.
Stocks making the biggest moves in the premarket: IBM, Eaton Vance, Domino’s Pizza, Coty & more
The stocks making the biggest moves in premarket trading include IBM, Eaton Vance, Domino’s Pizza, Coty, and more.