Finance

Cryptocurrencies see $93.5 billion wiped off value in 24 hours as bitcoin plunges 48%

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Bitcoin was down 48% from 24 hours before at 10:24 a.m. Singapore time at $4,001.60, according to data from Coindesk. The market capitalization, or total value of the entire cryptocurrency market, plummeted around $93.5 billion in the space of 24 hours as of 10:07 a.m. Singapore time, according to data from Coinmarketcap.com.  The fall in …

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JPMorgan and Goldman tell NY metro employees to work from home in coronavirus response for safety

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JPMorgan Chase on Thursday told managers to implement a plan to have employees based in offices in Manhattan, Brooklyn and Jersey City to start working from home in shifts beginning on Friday. “We are asking our managers to arrange for no fewer than 25% and no greater than 50% of their team members who can …

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Economist Alan Blinder says the US is probably already in recession

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Economist Alan Blinder told CNBC that the economy probably already is in recession. The cause is “fear of shopping” and being in public businesses that include face-to-face contact. Blinder advocated government-paid sick leave for impacted workers and a payroll tax holiday. The U.S. is probably already in recession thanks to the fear-induced slowdown from the …

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US companies in China are finding it harder to make money

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Many members of the Beijing-based American Chamber of Commerce in China said they are earning less in the country, and that market access remains an issue in certain industries despite recent Chinese government efforts, according to a survey conducted late last year and released Tuesday.  “More than half of the respondents from the Technology sector, …

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ING Invests in Blockchain-based Securities Lending Platform

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ING has invested in securities lending platform HQLAx, which went live in December 2019. Our blockchain team developed the initial version of the HQLAx application, which uses blockchain to facilitate efficient and high-speed trading of high-quality liquid assets (HQLA). “The successful commercial launch of HQLAx is a big milestone for the implementation of blockchain in …

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Fed slashing rates to zero is more likely than a recession, Barclays’ top economist says

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Top Wall Street economist Michael Gapen expects the Federal Reserve will do what’s necessary to contain the coronavirus’ impact on the U.S. economy — even if it means slashing interest rates to 0%. “The likelihood of getting to zero is higher than the risk of a recession,” the head of U.S. economics research at Barclays …

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NatWest Reaffirms Support for UK Businesses by Removing Monthly Current Account Fee

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NatWest has reaffirmed its commitment to supporting UK SMEs by removing the minimum monthly fee from its Business account and launching its free ‘Business Builder’ digital coaching programme for start-ups and entrepreneurs. NatWest is now the first high street bank in the UK to offer a business banking account without a monthly fee, and a …

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Clear All Queries about Budgeting Advance by Calling on Budgeting Advance Phone Number

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If you are looking for a budgeting advance over your universal credit, don’t hesitate to dial the Budgeting advance phone number as it will help you claim one easily. This article will revolve around the importance of the budgeting advance as well as the conditions under which you can claim for an advance. Budgeting advance …

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Bank stocks dive after the Fed slashes rates to curb coronavirus impact, JPMorgan off by nearly 4%

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Shares of JPMorgan and Bank of America dropped 3.7% and 5.5%, respectively, while Citigroup and Morgan Stanley fell 3%%. The declines accelerated after the Fed slashed interest rates by half a percentage point on Tuesday in between its policy meetings. Bank margins could take a hit if they are paying out deposit rates at a …

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Stocks making the biggest moves after hours: Boingo, Tilray, Visa and more

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Boingo Wireless — The internet access provider’s stock soared 13% in extended trading after the company said in a statement that it would not comment on rumors speculating that it is exploring a potential sale, but that it has “received multiple inquiries regarding a strategic transaction.” The company missed analyst estimates on financial results in …

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