Is the pressure off? Inflation likely to die down in February, but don’t get used to it

U.S. trade fights could add to inflation later on if they get worse Inflation is rising in the U.S., but it’s stilling falling short of the Federal Reserve’s 2% annual target. A fistful of trade fights under President Trump is worrying the heck out of Wall Street, but investors are still anxious about the threat Read more about Is the pressure off? Inflation likely to die down in February, but don’t get used to it[…]

Most Asia markets ease as trade concerns simmer

Most Asian markets traded moderately lower on the last day of the trading week amid a backdrop of global trade-related developments and political news out of Washington. In Tokyo, the Nikkei 225 gave up earlier gains to slip 0.66 percent and the broader Topix was off by 0.47 percent. Among major sectors, automakers came under pressure while Read more about Most Asia markets ease as trade concerns simmer[…]

Bad news for bitcoin miners: It’s no longer profitable to create the cryptocurrency, by one estimate

It’s no longer profitable to mine bitcoin, by some estimates   Bitcoin has dropped to a point where it’s not that profitable to produce, according to some estimates. “Bitcoin currently trades essentially at the break-even cost of mining a bitcoin, currently at $8,038 based on a mining model developed by our data science team,” Fundstrat’s Thomas Lee Read more about Bad news for bitcoin miners: It’s no longer profitable to create the cryptocurrency, by one estimate[…]

Bitcoin hits record high after developers suspend plans to ‘fork’ currency

Gertrude Chavez-Dreyfuss, Jemima Kelly NEW YORK/LONDON (Reuters) – Bitcoin hit a record high just shy of $8,000 on Wednesday after a coalition of developers and investors suspended a software upgrade planned for next Thursday that could have split the digital currency in two. Bitcoin (virtual currency) coins placed on Dollar banknotes are seen in this illustration Read more about Bitcoin hits record high after developers suspend plans to ‘fork’ currency[…]

Sky-high stock market has investors looking to commodities

Devika Krishna Kumar, Chris Prentice NEW YORK (Reuters) – A growing number of investors are plowing money into commodities, seeking to diversify their holdings on gnawing concerns about a stock market correction as equities scale new highs almost daily. Low interest rates, solid economic growth across the globe and rising corporate earnings have hoisted the S&P Read more about Sky-high stock market has investors looking to commodities[…]

Oil prices stabilize just below two-year highs

Christopher Johnson LONDON (Reuters) – Oil prices steadied just below two-year highs on Thursday, supported by supply cuts by OPEC and other major exporters including Russia. Benchmark Brent crude oil LCOc1 was unchanged at $63.49 a barrel by 0840 GMT. On Tuesday, Brent reached an intra-day high of $64.65, its highest since June 2015. U.S. Read more about Oil prices stabilize just below two-year highs[…]

Gold demand slides to eight-year low in third quarter of 2017: WGC

Jan Harvey LONDON (Reuters) – Gold demand slid to its lowest in eight years in the last quarter as jewelry buying fell and inflows into bullion-backed exchange traded funds dried up, data from the World Gold Council showed on Thursday. Overall demand fell 9 percent to 915 tonnes, its weakest since the third quarter of Read more about Gold demand slides to eight-year low in third quarter of 2017: WGC[…]

CME’s planned bitcoin futures will attempt to rein in big price swings

Evelyn Cheng | @chengevelyn Jaap Arriens | NurPhoto | Getty Images The world’s largest futures exchange wants to guard against extreme volatility in its planned bitcoin futures product. CME will implement special price fluctuation limits at 7 percent and 13 percent above or below the prior settlement price, and prevent trading outside the 20 percent range, according to Read more about CME’s planned bitcoin futures will attempt to rein in big price swings[…]

Gradual rate hikes in the US are the best option, says Fed’s Mester

Fed’s Mester: Path of inflation gradually moving upward  1 Hour Ago | 01:31 A gradual increase in interest rates is the best way to deal with inflation and support the U.S. economy, Loretta Mester, president and CEO of the Federal Reserve Bank of Cleveland, told CNBC Thursday. “I think a gradual path is the best strategy Read more about Gradual rate hikes in the US are the best option, says Fed’s Mester[…]

Siemens set to complete work for health unit IPO by March 2018, CEO says

Silvia Amaro | @Silvia_Amaro Siemens Healthineers IPO timing dependent on market conditions: CEO  2 Hours Ago | 00:49 Siemens is set to conclude internal preparations to sell its health care unit by the end of March of next year, the chief executive officer told CNBC Thursday. “We have a fascinating health care business,” Joe Kaeser, CEO Siemens told Read more about Siemens set to complete work for health unit IPO by March 2018, CEO says[…]