When President Franklin D. Roosevelt signed America’s first federal minimum wage into law in 1938, it was 25 cents per hour. Adjusted for inflation, that would be worth about $4.45 today. Scroll over the chart to see the US federal minimum wage through history, and what it would be worth in today’s dollars. Source: Bureau of Labor Statistics and Department […]
Lehman’s failure shook Wall Street to its core. The Dow plummeted 504 points, the equivalent of 1,300 points today. Some $700 billion vanished from retirement plans and other investment funds. The panic that followed plunged the American economy into a severe downturn, now known as the Great Recession. Today, Lehman Brothers and its CEO Dick Fuld are the poster children […]
1. Trouble in paradise: For the past decade, a river of easy money rushed into emerging markets. Now that powerful force is reversing. Rising interest rates, along with trade wars, have started a stampede out of some emerging markets. The Turkish lira and Argentine peso have crashed, while China’s stock market is stuck in a bear market. Problems long masked […]
For the first time in a decade, Corporate America is steering more money into stock buybacks than investing in the future. S&P 500 companies rewarded shareholders with $384 billion worth of buybacks during the first half of 2018, according to a Goldman Sachs report published Friday. That big bonanza for Wall Street is up 48% from last year and reflects […]
Business leaders and officials in China say that Beijing is ready to dig in for a war of attrition with the United States on trade. The Trump administration launched its biggest barrage of tariffs yet just as top executives and policymakers were gathering for the start of a World Economic Forum event in the northern Chinese city of Tianjin on […]
Wall Street doesn’t seem to care about the escalating trade war between the United States and China. The Dow jumped 175 points and the Nasdaq climbed 1% on Tuesday despite Washington and Beijing pushing ahead with another round of punishing tariffs. Investors are betting the US economy will continue to power ahead of the rest of the world. Yet beneath […]
The trade war between China and the United States is intensifying, but Beijing has just taken one potential weapon off the table. Premier Li Keqiang told an audience of global executives and policymakers that China would not weaken the yuan to boost trade with the rest of the world. “China will never go down the path of stimulating exports by […]
Companies in the front line of the trade war between the United States and China are anxious about what comes next. Executives at a World Economic Forum event in the northern Chinese city of Tianjin have been digesting the dramatic escalation in the conflict this week. Some appear relaxed, some worried, while others are hoping for the best. The Trump […]
Eying China’s voracious demand, Cheniere Energy, ExxonMobil (XOM) and other American energy companies are racing to build more than two dozen expensive facilities to export liquefied natural gas, which is super-cooled natural gas that can be transported by ship. China even marked President Donald Trump’s visit to Beijing last fall by agreeing to invest as much as $43 billion into […]
What trade war? The Dow just soared to its first record high since late January. The milestone shows that Wall Street is mostly unfazed by the escalating trade clash between the United States and China. The Dow’s 251-point leap on Thursday marked its 100th record close since President Donald Trump’s election, according to S&P Dow Jones Indices. The S&P 500 […]
Latest Financial News from Stock Markets
London stock exchange was founded in 1801. More than half of the world stock trade falls on the stock market of the British capital. Three hundred foreign companies from sixty countries across the world trade in it. In capitalization, it is in the third position in the world.
News from London Stock Market
Today’s financial news from LSE, a listing of blockchain ETF was carried out. It was proposed by an American investing company called Invesco. The product is called Invesco Elwood Global Blockchain ETF’ it is oriented on investments in companies from blockchain and crypto industries. Taiwan Semiconductor Manufacturing (TSMC), a manufacturer of chips for mining, is included in this investment program.
What Else is Notable Among Stock Market News Today?
Blockchain startup called Nivaura has raised the investments amounting to 20 million dollars. This campaign is led by London Stock Exchange Group. This information has been published by CoinDesk among the other stock news of interest today. Finances received by Nivaura will be channeled to increase of staff including machine education and natural language processing. A company will finance efforts in R&D.
Free Financial News from Australia
Australian police stopped criminal activity of two cryptocurrency stock exchanges as they have been related to illegal drug dispensing. A 27-year-old man had coordinated the activity of criminal syndicate through diverse resources on the Internet accepting Bitcoins as a currency for payment.
Financial News Is Closely Bound with Crypto Currency
Bitcoin trading platform named Bittrex International located at Malta launches its own platform for initial exchange offers. An opening IEO is planned on March 15th. Game-oriented Raid project with XRD will become the first.
Stock and Finance News are Related to Crypto Currency
OKEx exchange has followed recent trends and launches platform for new tokens which will be called OK JumpStart. This information has been announced by the company Operational Director – Andy Cheung – who has confirmed that everything is ready for the new tokens platform.
Today’s information and business news prove that blockchain technology along with cryptocurrency are consolidating their positions in the present-day financial world. The fact that London stock exchange is working on own technology for integration of cryptocurrency stock proves the potential of this trend.