Consumer confidence rises to highest level in 18 years

September’s index print is near the all-time high of 144.7 reached in 2000, the Conference Board said Tuesday. “These historically high confidence levels should continue to support healthy consumer spending, and should be welcome news for retailers as they begin gearing up for the holiday season,” says Lynn Franco, director of economic indicators at the Conference Board. Consumer confidence rose […]

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Trump's trade war with China is 'the biggest risk to the global economy,' BlackRock exec says

BlackRock Vice Chairman Philipp Hildebrand describes the Federal Reserve’s current pace of credit tightening as “healthy” and “necessary.” “The policies that are embraced by the U.S. administration around trade represent the biggest risk today to the global economy,” he says. President Donald Trump’s trade policies pose the greatest threat to global economic growth, according to the vice chairman of the […]

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Cryptocurrency Trading Still Illegal In Saudi Arabia

After recent drops in the price of bitcoin and other cryptocurrencies, the government’s central bank felt the need to remind citizens of the risks of trading, both financial and legal. The Saudi Arabian Monetary Authority (SAMA) issued a statement yesterday reminding citizens that any dealings with cryptocurrency are still illegal. The central bank’s Sunday announcement was issued by the Standing […]

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Island In South Korea Seeking To Become Blockchain And Crypto Haven

An influx of government funds intended to nurture blockchain and crypto technology may help in the creation of a South Korean crypto and blockchain hub. The governor of the South Korean island of Jeju has officially requested that the central government allow the island to become a special zone for the development of blockchain and cryptocurrency technology, according to an […]

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