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Posted April 06, Posted March 29, It was another downbeat day for tech stocks like Amazon and Tesla, with investors sensitive to any news that is remotely negative in that sector. Posted March 28, US shares reverse course and slide again as the largest tech companies — Facebook, Google, Twitter and Tesla — fall sharply, but the mainly low-tech Aussie market does not follow.
Posted March 27, With tensions between China and the US appearing to subside, the risk appetite of investors surged in US markets. It was an ugly end to the week as Wall Street tumbled back into the "correction zone" and heightened volatility points to a rocky ride ahead on the markets.
Internet in the Marshall Islands is slow and expensive and the cellular network is only 2G, but that hasn't stopped the Government making headlines with its plan to become the first in the world to establish a digital currency as legal tender. Posted March 23, Donald Trump's tariffs on China's imports sink the US and European stock markets, with American markets suffering their worst day since the February 8 sell-off.
Posted March 22, It is no surprise that the Fed lifted US interest rates, with at least two more hikes expected this year, but the Australian dollar did post a shock jump against the greenback. Posted March 21, Child abuse images and other objectionable content that "can cause direct harm if possessed by users" are contained in the blockchain required to access the cryptocurrency.
US markets have regained their footing somewhat, but technology shares led by Facebook continue to be a drag. Posted March 20, Facebook faces pressure to explain how 50 million user profiles were potentially used to help Donald Trump's election campaign, while the broader technology sector sinks Wall Street.
Uncertainty about global trade has weighed on the Australian dollar which has suffered its biggest two-day fall in nearly two years. Posted March 18, Despite , jobs being added last year, unemployment and underemployment are still elevated and are keeping a lid on wages. Posted March 16, The White House tries to calm markets about their trade war concerns, while the Trump Organization is hit with a subpoena.
Posted March 15, Uncertainty about the future continues to weigh on US markets, with growing concerns about a shift in foreign policy and retaliatory trade measures from China.
Alan Kohler reports the local share market fell back again on Wednesday as markets around the world took a tumble. Posted March 14, Donald Trump fired his Secretary of State and blocked the world's biggest technology takeover deal — two decisions which dragged down US markets overnight.
A survey of business conditions suggests Australian companies are enjoying their best trading conditions for more than 20 years and the employment outlook is even rosier.
Posted March 13, Industrial manufacturing stocks were among the weakest performers, as US protectionist policies could increase their costs. Sharemarkets around the world rose quite strongly on Monday after better than expected employment figures in the United States.
Posted March 11, It should have been a shocker. An indecisive Italian election, a shock resignation of a key Trump economic advisor and potentially the start of a trade war, yet markets took off. Posted March 09, Posted March 08, US markets pare their losses after the White House suggests certain countries may be exempt from the upcoming metal tariffs.
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