US Independence Day, 2021: the American economy still leads the world

On July 4th, the United States will celebrate its 245th Independence Day. Despite being the strongest economy in the world, the US has gone through economic slumps from time to time. However, it has remained resilient, and a manifestation of that is that the dollar remains the world’s preferred currency. From meagre beginnings to economicContinue reading “US Independence Day, 2021: the American economy still leads the world”

What Might the Future Hold for the Top Currencies?

It goes without saying that 2020 was an unprecedented year in which many aspects of life were affected. While any number of nations around the globe can experience a range of change in any given 12-month span — from natural disasters and political elections to regulatory shifts and economic swings — the COVID-19 pandemic had a massive impact onContinue reading “What Might the Future Hold for the Top Currencies?”

Weekly Stock Market Update: Bitcoin’s Dream Run Continues

Last Week’s Top Five Market Winners Nasdaq Stock Market (NASDAQ) The past week welcomed positive results for BioNano Genomics Inc. (BNGO), Jaguar Health Inc. (JAGX), Marathon Patent Group Inc. (MARA), Riot Blockchain Inc. (RIOT) and Canaan Inc. (CAN) on the Nasdaq Stock Market. BioNano Genomics Inc. (BNGO) stocks were boosted (+566.67%) after the company published aContinue reading “Weekly Stock Market Update: Bitcoin’s Dream Run Continues”

2021 opens with a bang for investors

It was a wild ride for Wall Street last year, with the coronavirus pandemic sending both economies and financial markets into turmoil. But despite the collapse of share prices in March and February, the US stock market ended the year on a record high. Many people are now hoping the worldwide rollout of vaccines andContinue reading “2021 opens with a bang for investors”

Weekly Stock Market Update: Tesla Beats 2020 Delivery Estimates

Last Week’s Top Five Market Winners Nasdaq Stock Market (NASDAQ) The past week proved positive for BioNano Genomics Inc. (BNGO), Canaan Inc. (CAN), Riot Blockchain Inc. (RIOT), CleanSpark Inc. (CLSK) and Pinduoduo Inc. (PDD) on the Nasdaq Stock Market. News that BioNano Genomics Inc. (BNGO) would be granted a 180-day compliance extension by Nasdaq saw the valueContinue reading “Weekly Stock Market Update: Tesla Beats 2020 Delivery Estimates”

Global shares follow UK lower as new virus strain sends jitters through markets

Global markets fell overnight, with shares in Asia following the US and UK lower, and only uncorrelated safe havens like gold holding firm, as a new, more virulent strain of the coronavirus takes hold. Japan’s Nikkei and Hong Kong’s Hang Seng both dipped (down 1% and 0.8% respectively), mimicking losses in the US and UKContinue reading “Global shares follow UK lower as new virus strain sends jitters through markets”

Lawmakers reach $900bn stimulus deal as UK hit by new coronavirus strain

On Sunday evening, lawmakers reached a deal on a near $900bn stimulus package to help sustain the US economy as the pandemic continues to ravage the country. Recent economic data has highlighted an urgent need for stimulus, with weak retail sales figures and increasing jobless claim figures, demonstrating the fragility of the US economic recovery.Continue reading “Lawmakers reach $900bn stimulus deal as UK hit by new coronavirus strain”

Clock ticking on Brexit deal, still no agreement on stimulus package

European markets are mixed this morning as the EU’s chief negotiator Michel Barnier warns there are mere hours left to secure a trade deal between the UK and the bloc. Sterling has dipped by 0.5% against the dollar, which in turn has helped the FTSE 100 gain by a similar amount due to its overseasContinue reading “Clock ticking on Brexit deal, still no agreement on stimulus package”

Bitcoin skyrockets through all-time highs as it tops $22,000

Bitcoin has broken records by soaring through its previous all-time high, up more than 15% in the past 24 hours. At the time of writing, bitcoin is trading around $22,838 – well above any previous high achieved by the cryptoasset. In its wake other peers such as ethereum are also soaring. ETH has hit aContinue reading “Bitcoin skyrockets through all-time highs as it tops $22,000”

Markets up as US clears path for Moderna vaccine approval

European markets have opened positively this morning with Germany’s Dax leading the way up 1.6% as optimism creeps in surrounding vaccination and the prospect of US fiscal stimulus ahead of Central Bank meetings on both sides of the pond. Travel and leisure has also seen a bounce as well as better than expected numbers fromContinue reading “Markets up as US clears path for Moderna vaccine approval”

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