Bitcoin rebounds, but expects further downside, says analyst

Bitcoin prices moved higher on Tuesday, recovering part of the prior session’s losses that saw the digital currency trade to its lowest level in two weeks. In Tuesday afternoon trade, bitcoinBTCUSD, +0.70% was changing hands at $3,915.70, up 0.8% since Monday’s level at 5 p.m. Eastern time on the Kraken exchange. Despite the overnight recovery, analyst Jani Ziedins of the CrackedMarket […]

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House Democrat calls Powell’s testimony on bank deregulation ‘disingenuous at best’

A freshman House Democrat said she’s unhappy with answers she received from Federal Reserve Chairman Jerome Powell late last month about his efforts to “tailor” existing rules on the banking industry. During his appearance before the House Financial Services Committee, Powell said the Fed’s proposed changes on bank capital rules would not reduce loss-absorbing capital requirements for big banks. He […]

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British pound gains after Parliament seizes control of Brexit process

The British pound on Tuesday strengthened against its main rivals as the U.K. Parliament seized control of the Brexit process late Monday, dealing a fresh blow to embattled Prime Minister Theresa May. In another reasonably close result, 329 members of Parliament voted in favor of so-called indicative votes to narrow down Brexit votes that can get majority support. A range […]

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Gold on track to log 3-week high on dovish Fed even as dollar jumps

Gold prices on Thursday extended a climb that began in the after-hours electronic trading session, on track to log their highest finish in three weeks, in the wake of the Federal Reserve’s dovish policy statement. On Wednesday, after gold futures settled, the central bank left interest rates unchanged as expected and signaled no further increase in interest rates this year […]

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Stocks attempt post-Fed bounce as Wall digests dovish stance; Levi Strauss set for its IPO

U.S. stocks opened lower on Thursday but soon cut early losses, as investors digest the Federal Reserve’s downgrade of the domestic economic outlook for 2019, citing sluggish global expansion. As expected, the central bank kept its key rate at a range of 2.25% and 2.50%, but a more dovish policy stance than investors has undercut the buying appetite on Wall […]

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Asian markets largely down as investors take wait-and-see approach

Asian markets were mostly down in lackluster trading early Wednesday, as investors processed mixed signals on U.S.-China trade talks and awaited the Fed’s meeting later in the day. On Tuesday, Bloomberg News reported that some U.S. officials were worried that China was reneging on trade concessions and that Chinese negotiators have recently pushed back because the U.S. has not sufficiently […]

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