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Latest News Headlines
Bloomberg: Asia Stocks Surpass 2007 Peak in Global Rally: Markets Wrap
Asian Stocks headed for a record close, buoyed by fresh all-time highs for U.S. equities with investors energized by the outlook for profits and tax reform. Hong Kong’s Hang Seng Index breached the 30,000 level to climb to the highest in a decade before slipping back. [more...]
Bloomberg: Uber Paid Hackers to Delete Stolen Data on 57 Million People
Hackers stole the personal data of 57 million customers and drivers from Uber Technologies Inc., a massive breach that the company concealed for more than a year. This week, the ride-hailing firm ousted its chief security officer and one of his deputies for their roles in keeping the hack under wraps, which included a $100,000 payment to the attackers. [more...]
Bloomberg: Even a $31 Million Hack Couldn't Keep Bitcoin Down
Bitcoin hit a record high, shrugging off earlier losses posted after the $31 million theft of a cryptocurrency peer renewed concern about the security of digital coins. [more...]
Bloomberg: Tesla’s Burning Through Nearly Half a Million Dollars Every Hour
Elon Musk said last week that Tesla Inc. is designing a new sports car that could go from zero to 60 mph in 1.9 seconds. Not bad, but here’s a speed number that investors might want to focus on instead: Over the past 12 months, the electric-car maker has been burning money at a clip of about $8,000 a minute (or $480,000 an hour). [more...]
Bloomberg: May Needs a Smooth U.K. Budget as Tories Seek to Revive Fortunes
U.K. Prime Minister Theresa May’s crisis-hit government is looking to Wednesday‘s Budget as a shot at redemption to find fresh popularity with voters. But the risk is that it could be another nail in its coffin. [more...]
Bloomberg: Oil Heads for Two-Year High as U.S. Stocks Shrink Ahead of OPEC
Oil headed for its highest close since June 2015 while trading volume surged after U.S. industry data showed crude stockpiles resumed declines and as investors await a decision by OPEC on extending output cuts. [more...]
Reuters: Stocks rally on boost from strong global growth, earnings
Asian shares joined a global rally to reach their highest in a decade on Wednesday as strong world growth and rising corporate profits lured hordes of investors into equities, while oil prices jumped closer to a recent 2-1/2 year top. [more...]
Reuters: Dollar treads water, capped by sagging long-term U.S. yields
The dollar treaded water against its peers on Wednesday, capped as U.S. Treasury yields failed to rise despite increasing investor risk appetite in broader financial markets. [more...]
CNBC: What's happening in Lebanon, and why its stability matters
Lebanese Prime Minister Saad Hariri returned home late Tuesday night following a confounding few weeks that began with his shock resignation from Riyadh, Saudi Arabia, where many Lebanese officials believe Hariri was "held hostage". [more...]
CNBC: Robert Mugabe resigns as president of Zimbabwe, ending four-decade rule
Robert Mugabe resigned as Zimbabwe's president on Tuesday a week after the army and his former political allies moved against him, ending four decades of rule by a man who turned from independence hero to archetypal African strongman. [more...]
CNBC: Could Saudi Arabia and Iran really go to war?
Saudi Arabia and Iran's ongoing battle for power and influence rages on in the Middle East but analysts aren't convinced that an all-out war will happen, yet. [more...]
Currency Strength Indicators
The currency strength meter gives you a quick visual guide to which currencies are currently strong, and which ones are weak. The meter measures the strength of all forex cross pairs and applies calculations on them to determine the overall strength for each individual currency. For example, if EUR is strong and USD is weak, it could mean that the currency pair EURUSD could be going up. If both currencies are strong or weak it is better to avoid since it will probably means there is no clear direction for the specific pair. To get the latest Currency Strength Indicator please click here
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