With hopes of the stimulus fading as the two parties could not agree on the upcoming stimulus package, Wall Street was once again
in the red. The US airlines are still in crisis when the number of employees is cut. Follow the digital currency newsletter for details.
• The Fed Vice Chairman said that the US economic recovery still has a "long way ahead".
• The US received $ 18 billion from the purchase of electricity under the nuclear power agreement with Poland.
• The Saudi retail chain increasingly participates in boycotting Turkish products.
• The Bank of Canada survey shows that business sentiment is improving but still negative.
• For the first time since March, the United States checked over one million airline passengers.
• Central Bank of Russia is likely to keep interest rates unchanged before the US election.
• The stock indexes turned down when the bipartisan could not reach an agreement on the bailout package ahead of time.
• US Fed chairman said it is better to have the right policy than the first CBDC owner.
• The Swiss government begins the consultation process on blockchain law.
• With staff hunting, Canada's central bank is taking additional steps for CBDCs.
US retail sales increased more than expected, raising hopes for an upcoming recovery of the market outside of the upcoming
economic stimulus package. Besides, legal issues of OKEx exchange are causing a headache for crypto investors when the exchange suspends the withdrawal. Subscribe to the crypto newsletter for details.
• US retail sales saw the biggest growth in September over the past three months.
• US consumer sentiment increased in October.
• The second wave of credit downgrades is coming, major countries are at risk.
• The President of New York Fed said that a challenging period is coming for some economic sectors.
• US production output dropped unexpectedly in September.
• OPEC + is concerned that a second virus wave could lead to an oversupply of oil by 2021.
• Only Dow Jones index remained in green when selling pressure appeared at the end of the session.
• The founders of OKEx are under investigation because the exchange suspended withdrawals.
• Five Russian banks expressed interest in piloting the digital ruble.
• Former PwC partner launches New Zealand stablecoin ‘Power Dollar’.
The hope of the economic stimulus package continued to be shaken, causing Wall Street to sink in the red even though the stocks of technology companies tried to lift the market. Subscribe to the crypto newsletter for details.
• Goldman Sachs profits blow past estimates of business results.
• Wells Fargo's margins were squeezed as costs soared and pandemics hurt their loans.
• The G30 group calls for emergency debt assistance for poor countries.
• Americans consumed a lot of coffee at home during a pandemic.
• IMF said that the US is more likely to stimulate the economy and this will support economic growth in the long term.
• The Fed's vice chairman said US data was "surprisingly strong".
• Wal Street declined, but still supported as Apple led the technology group.
• Blockchain company Monerium argues that Europe 'already has' the digital euro.
• Binance-funded six Smart Chain DeFi projects with a $ 100 million fund.
• Starbucks and McDonald's are reportedly not involved in the experimentation of China's digital Yuan.
Wall Street continued to be green with the consent of the Republican Party members as well as the news of Apple that supported investors. Subscribe to the crypto newsletter for details.
• Governor BOJ said he was ready to loosen monetary policy further and still have tools to ease the pain after the pandemic.
• Senate Republicans will follow Trump on the economic stimulus against the corona virus.
• Prime Minister Boris Johnson imposes additional restrictions on COVID-19 contamination.
• Mexican industry recovered more slowly in August.
• Japan's Finance Minister said that G7 finance ministers held a teleconference and issued a joint statement.
• China's September trade surplus with the US narrowed to $ 30.75 billion.
• Wall Street skyrocketed in the rally of a tech group led by Apple before the launch of the iPhone.
• Japan must amend its central bank law to issue digital yen, an official said.
• Gemini exchange has partner with a licensed cryptocurrency payment processor in UK.
• The company that runs BitMEX has a new CCO amid US criminal charges in the cryptocurrency sector.
With the decisive change in raising the level of the stimulus package to $ 1.8 trillion has supported the market to continue to stay green, but Mr. Trump has much bigger ambitions, he wants the stimulus package. economic situation is bigger than what the Bipartisan is discussing with each other. Subscribe to the crypto newsletter for details.
• US wholesale inventories increased by 0.4% in August.
• The PIA Roosevelt Hotel in New York is closed.
• Officials from the US Treasury Department pressured IMF countries to continue the stimulus packages.
• The UK and EU agree to pursue small deals if they fail next week.
• 137 countries agree on the OECD's proposed corporate tax reforms.
• Huawei was removed from the EU when Nokia won a Belgian 5G contract.
• Wall Street continues to rise as the White House is ready to increase its stimulus.
• The Bank of Japan will start proof-of-concept-based cryptocurrencies in 2021.
• Japan's senior official is concerned that China is the 'leader' in digital money.
• DeFi market capitalization fell 25% in one day
With the change of President Trump's mind about the new stimulus package, the stocks of the aviation industry increased strongly, investor sentiment strengthened and Wall Street ended in the green. Subscribe to the crypto newsletter for details.
• The White House said it was 'not optimistic' about the COVID-19 aid package as talks in parliament were interrupted.
• Wells Fargo cuts more jobs as part of its cost-cutting drivers.
• Hedge funds bet on the insurance industry.
• The UK's chief negotiator said the agreement with the EU in many areas has become clear.
• ECB policymakers increased protections against calling for more economic stimulus.
• Wall Street closed higher in the hope that part of the stimulus deal could happen.
• KuCoin crypto exchange restores the deposits and withdrawals of crypto.
• Blockchain company ShareRing allows users to pay for trips on Viator with cryptocurrency.
• BMW Korea tested blockchain-based rewards program before global rollout.
• Google becomes EOS partner.
Wall Street continued to remain green although COVID-19 continued to cling to the economy and especially influenced the adoption of a new economic stimulus package. However, investors still expect to pass this stimulus package and continue to bet on the possibility of economic recovery. Subscribe to the crypto newsletter for details.
• The US corona virus bailout bill becomes complicated by leading Republicans testing positive for COVID-19.
• Mexico revealed investment plan worth nearly 14 billion USD.
• UK Finance Minister said: “The UK's debt mountain makes us vulnerable”.
• 1 out of 10 people may have COVID, the world is entering "a difficult time".
• The US stock index continued to rise when Mr. Trump was discharged from the hospital.
• Italian digital payments companies merged to create a $ 17.6 billion fintech team.
• The Central Bank of Thailand issued $ 1.6 billion of government bonds on the IBM blockchain.
• The DeFi fever pushes monthly Uniswap trading volume to $ 15.3 billion, surpassing Coinbase.
• Coinbase resumes trading after fixing the problem on the platform
Trump's COVID-19 positive sentiment panicked investors to sell off in the market, then with positive news and when he calmed down Wall Street rebounded and ended in red. With the news that Mr. Trump was infected with COVID-19 could bring investors back to the reality that a second outbreak is likely. Subscribe to the crypto newsletter for details.
• The US economy added 661,000 jobs in September, compared with an expected 850,000.
• US factory orders did not meet expectations.
• The US is investigating whether Vietnam is undervaluing its currency.
• Securities funds of the US attracted $ 1.1 billion.
• Major US banks reported declining profits when the pandemic caused economic recession.
• Wall Street closed in the red when Mr. Trump was positive for corona virus.
• The IBM CEO says blockchain has become a useful 'real business tool'.
• The eToro trading platform introduces betting as a service.
• BitMEX traders withdrew more than $ 330 million in Bitcoin following the announcement of the CFTC.
• Venezuela tests a 'decentralized stock exchange' open to the world.
Wall Street ended a five-month streak, as markets faced uncertainty over the coming stimulus package between the House and Senate. Besides, the positive parameters of the number of jobs created in the private sector still bring positive sentiment to investors, although the ghost of COVID-19 still persists. Subscribe to the crypto newsletter for details.
• Ms. Pelosi and finance minister continued negotiations on the COVID-19 bailout package.
• US private payroll increased more than expected in September.
• US pending home sales rose to a record high in August.
• US hospitality and entertainment services suffered the worst impact in the second quarter.
• The ECB should rethink its secondary mission.
• The SEC said Morgan Stanley agreed to pay $ 5 million for business violations.
• More than 7,500 financial jobs have left the UK for Europe.
• Government investment firm developing blockchain health passport in Singapore.
• Blockchain law passed by the House of Representatives, being submitted to the Senate.
The US stock market continued to recover although the epidemic was still complicated. Besides the upcoming bailout packages, investors gradually forgot the effects of the pandemic. On the opposite side the Chinese economy recovered stronger than expected and is transforming itself into pre-pandemic operations. Subscribe to the crypto newsletter for details.
• Mexico added 608,000 jobs in August, the unemployment rate reached 5.2%.
• The President of the European Union proposes compliance with the rule of law as a condition for receiving money from member countries.
• Banks realize that there is a higher probability that a no-deal Brexit will happen.
• JPMorgan allows most consumer finance employees to work from home until 2021.
• Korean business confidence at 8-month high.
• The recovery of the eurozone depends heavily on COVID-19.
• Argentina's economic activity weakened less than expected.
• The US stock index continued to increase when investors bet on banking and technology sectors.
• Threats to evacuate US diplomats from Iraq have raised fears of war.
• China's economic recovery leaves 60% of its population affected.