Latest Market News

Jul 14
E-MINI DOW JONES FUTURES (YM1!), H4 Potential For Bullish Rise

Type: Bullish Rise Key Levels:Resistance: 31852Pivot: 30821Support: 30405 Preferred Case:On the H4, with price moving in an ascending trendline on the RSI , we have a bullish bias that price will continue to rise from the pivot at 30821 in line with the pullback support and 61.8% fibonacci retracement to the 1st resistance at 31852 […]

Jul 14
Celsius vows to return from bankruptcy but expert fears repeat of Mt Gox

Crypto lending platform Celsius confirmed on July 13 that it has initiated Chapter 11 bankruptcy proceedings in the Southern District Court of New York. The announcement was shared on the company’s Twitter and shared with account holders via email on July 13, with a vow to “emerge from Chapter 11 positioned for success in the […]

Jul 14
Afterpay partners with Sephora for buy-now-pay-later services

Afterpay, a wholly owned subsidiary of Block Inc. SQ, -1.35%, said Wednesday that it has partnered with beauty chain Sephora to offer buy-now-pay-later services that will allow customers to pay for purchases over four installments. The service, which is available across digital and store channels, is expected to head to Canada this year. Block stock […]

Jul 14
BREAKING: Celsius reportedly filing for bankruptcy ‘imminently’

An unnamed source told CNBC that the company plans to file the bankruptcy paperwork “imminently.” 1454 Total views 6 Total shares Crypto lending platform Celsius has reportedly filed for Chapter 11 bankruptcy, with its lawyers starting to notify individual U.S. state regulators as of Wednesday, July 13. The news was reported by CNBC and referred […]

Jul 14
U.S. stocks tumble for 4th day in a row on hotter-than-expected inflation report

U.S. stocks closed lower on Wednesday for the fourth day in a row after the latest consumer price index showed that headline inflation climbed to its highest level in 40 years last month. The S&P 500 SPX, -0.45% retreated 17.02 points, or 0.5%, to 3,801.78. The Dow Jones Industrial Average DJIA, -0.67% lost 208.54 points, […]

Jul 13
Recurrent property taxes may help to reduce house price volatility

Central Bank Economic Letter finds that recurrent property taxes can, over time, help to mitigate downside risks to house prices. Such taxes may also provide a stable source of revenue for government, as they are less likely to be affected by the economic cycle. Revenue from recurrent property taxes, as a proportion of national income, […]