Sri Lanka Forex Emergency Worsens, Food Emergency Declared

Sri Lanka declared a state of emergency on Aug. 31 as food shortages worsened after the country indefinitely banned imports to save its emptying foreign reserve. Importers have had trouble funding essential food and medicine items after Sri Lanka’s foreign …

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S&P Dow Jones Introduces New Cryptocurrency Indexes

S&P Dow Jones Indices introduced three new cryptocurrency indexes tied to Bitcoin and Etherium to track digital assets performance in cryptocurrency exchanges. The three new cryptocurrency indexes include: S&P Bitcoin Index (SPBTC),  S&P Ethereum Index (SPETH),  S&P Crypto Mega Cap …

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Chinese Yuan Could Displace the Dollar as the World’s Premiere Reserve Currency

Economists and world leaders now face the possibility that the Chinese Yuan could replace the U.S. dollar as the world’s primary currency for use in foreign trade. In a letter to JP Morgan’s shareholders, chairman Jamie Dimon acknowledged the growing …

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U.S. Markets Surge as Retail Sectors Report 10 Percent Growth and Jobless Claims Reach Record Low

U.S. markets are poised to break records following a report out of the retail sector that sales rose 10% in March and a report from the Department of Labor that jobless claims fell to 576,000. The Dow is currently up …

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Dow Pushes Higher as Big Banks Outperform Earnings Projections

U.S. markets started the morning higher on Wednesday after JPMorgan Chase, Wells Fargo and Goldman Sachs reported earnings for the first quarter that outperformed initial projections. The Dow is currently up 159 points to 33,833 (+0.47%) while the S&P 500 …

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Dow Pushes Higher as Big Banks Outperform Earnings Projections

U.S. markets started the morning higher on Wednesday after JPMorgan Chase, Wells Fargo and Goldman Sachs reported earnings for the first quarter that outperformed initial projections. The Dow is currently up 159 points to 33,833 (+0.47%) while the S&P 500 …

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