The major banking giants in the U.S. aren't going down without a fight when it comes to making mobile payments quicker & easier. As Bloomberg reports....
President Trump vowed Wednesday that there will be “no more wasted money” in the federal budget as he prepares his first spending plan to be submitted to Congress.
The "war on cash" will further criminalize the few remaining avenues to financial independence and freedom.
Central banks remain a creature of power politics rather than economic reason.
"In 10 years, looks like our GDP might grow at 2 percent, if we're lucky. Sooner or later, the link between GDP, gross domestic product & corporate profits is about 0.98 [percent]. So I look for a slowing in profit growth,"
Many Fed Officials Saw Hike `Fairly Soon' If Economy On Track • Saw Downside Risks From Further Dollar Strength
Swift plans hopes banks will sign up for its developing blockchain program after it issues criteria guidelines.
Russia is considering cash salary bans, lower taxes on card payments and transaction limits as part of a crackdown on the shadow economy.
Earlier this month, India’s central bank issued a public warning against the use of Bitcoin and cryptocurrencies.
Although the dollar weakened against the yen and there was defensive demand for bonds, the US currency secured net gains on a trade-weighted basis which limited gold buying as caution prevailed ahead of the Fed minutes. Gold drifted lower in US trading on Wednesday as a strong tone in US equity markets was important in […]
That leaves us with a departure point still around valuations and ultimately risk.
Existing home sales are finally back to 2001 levels near the beginning of the horrid housing bubble of the 2000s.
The real debt in 2027 will likely not be $30, but $75 trillion.
Constantin Gurdgiev's speech covered the key threats and transformational changes in the global financial services. Here are my annotated slides:
China may embark on its most ambitious campaign to convince investors that they shouldn’t depend on a bailout when markets go south.
Some people seem to be coming to the conclusion that the whole system is rotten and should be abandoned.
Says it’s too soon to discuss QE end or changing rate guidance. The European Central Bank could consider renewing its offer of free long-term liquidity to lenders though it shouldn’t turn it into a permanent measure, a Governing Council member said.
There would be serious contagion effects as there is no "orderly exit" from the euro. It is an oxymoron.
Britain’s economy grew by more than previously reported in the last quarter of 2016, according to official figures – despite Brexit scaremongering.
US pressure is mounting on European Nato members to raise military spending.