Global financial regulators risk falling behind on rapid innovation in the digital payments industry and need to work more quickly to devise rules for crypto-currencies or “stablecoins”, the chair of a global finance watchdog said on Wednesday.
Wall street was set for a stronger open on Wednesday as signs of slowing coronavirus infections and expectations that China would take more measures to bolster its virus-hit economy helped investors shake off worries stemming from Apple’s sales warning.
My father never dreamed he’d live past 62.
And I’ll admit, the way he lived, it’s somewhat of a surprise that he did.
He used to tell me that when he was growing up in the late 1930s and ‘40s, it seemed unfathomable to live to see 70 or 80 years of age. The life expectancy for a male in 1940 was a mere 60.8 years.
Today, it’s 78.6 years.
But here’s where it gets interesting…
A recent study by AIG Life & Retirement found that more than half of Americans plan to live to 100. I know I do, and I’m sure some of …read more […]
The overall news regarding the US economy has been good, there’s no doubt about that. Annualized growth was 2.3% in 2019, which was nothing to write home about but still indicative of expansion. The January 2020 jobs report showed an expanding labor market as more job hunters looked for work, along with upwards revisions to the December and November numbers.However, buried in all of the data, there were some warning signs related to manufacturing. PMI, the purchasing managers index, used as an indicator for future manufacturing growth, was down for the third month in a row, although the 51.9 reading …read more […]
Boeing Co heads to court on Wednesday to dispute a request from lawyers representing victims of a 737 MAX crash for documents related to the aircraft’s design, development and two fatal disasters.
Boeing Co heads to court on Wednesday to dispute a request from lawyers representing victims of a 737 MAX crash for documents related to the aircraft’s design, development and two fatal disasters. Chicago-based Boeing is facing around 100 lawsuits by families of 157 victims of a Ethiopian Airlines 737 MAX crash on March 10, five months after a similar accident on a Lion Air flight that killed 189 people. Lawyers for the victims’ families are asking why Boeing and U.S. regulators allowed the MAX to continue flying after the Lion Air disaster and whether the planemaker hid …read more […]
U.S. homebuilding fell less than expected in January while permits surged to a near 13-year high, pointing to sustained housing market strength amid lower mortgage rates.
(Bloomberg) — A number of stocks that have captured investor attention are continuing their gains as the options market more and more resembles a roulette wheel.Richard Branson’s space-tourism company Virgin Galactic Holdings Inc. jumped more than 10% in trading before the U.S. market open on Wednesday, on track for another day of double-digit gains. Meanwhile, Plug Power Inc. rose more than 9% as retail investors talked up their positions on message boards like r/wallstreetbets on Reddit. Fellow renewable energy equipment-maker FuelCell Energy Inc. rose 6.5%.Tesla Inc., a favorite among retail investors, jumped more than 6% in part after analysts at …read more […]
Russia’s main home-grown passenger jet, the Sukhoi Superjet 100, conceived as a rival to Airbus, Bombardier and Embraer, has no confirmed orders this year beyond a long-standing deal with state carrier Aeroflot , two sources told Reuters.
Finnish telecom networks maker Nokia Oyj said on Wednesday it has agreed to acquire privately-held U.S.-based company Elenion Technologies to boost its optical networking business and broaden its offering to telecoms operators.
The 2014-founded Elenion develops silicon photonics technologies for short-reach and high-performance optical interfaces. “Ownership of these key assets brings time-to-market and cost advantages to Nokia’s broad portfolio of networking solutions by applying the massive scale and economies of silicon design and manufacturing to the optical supply chain,” Nokia said in a statement. …read more […]
U.S. stock index futures advanced on Wednesday as signs of slowing coronavirus infections and expectations that China would take more steps to bolster its virus-hit economy helped investors return to equities after Apple’s sales warning.
(Bloomberg) — China is considering further measures to shield its economy from the coronavirus outbreak that has now killed 2,010 and infected 75,286 people around the world.Beijing is weighing steps including cash infusions and bailouts for the struggling airline industry. As more people are encouraged to stay at home, a growing number of Chinese private companies have stopped paying staff completely.The strict quarantine likely bought the rest of the world several weeks to prepare, the World Health Organization said.Key DevelopmentsChina death toll hits 2,004; 74,185 confirmed casesHong Kong has second fatality after 70-year-old diesAdidas, Puma say business in China being …read more […]
Kuwaiti lawmakers agreed on Wednesday to set up a committee to look into whether Airbus’s aircraft orders from the Gulf Arab state involved alleged corruption, the state news agency reported.
EU countries have no reason to use 5G mobile technology from Huawei because Sweden’s Ericsson , Finland’s Nokia and South Korea’s Samsung are on par with the Chinese group in the field, a senior U.S. diplomat said.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
