Global trade tensions and worries about a U.S. recession dragged markets lower at year-end, leaving the 500 people on the Bloomberg Billionaires Index with a combined net worth of $4.7 trillion as of Friday’s close.
The Bank of Canada today maintained its target for the overnight rate at 1 ¾ per cent. The Bank Rate is correspondingly 2 per cent and the deposit rate is 1 ½ per cent.
Board decided to leave the cash rate unchanged at 1.50 per cent
ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.40% respectively.
Threat of hacks, fights over network control seen rising and more than 100,000 mining operations likely ceased activity
The fight higher gasoline taxes and have now spread to other demands, reflecting complaints about purchasing power and a general dislike of Macron.
“Both Huawei and ZTE and multiple other Chinese companies pose a threat to our national interest, our national economic interest and our national security interest,” Rubio said.
Dow Jones Industrial Average tumbling almost 800 points, as a litany of concerns wiped out the rally in risk assets. Thirty-year bonds lead rally in Treasuries after inversion
Remembering George H.W. Bush
U.S. President Donald Trump and Chinese President Xi Jinping agreed to keep their trade war from escalating with a promise to halt the imposition of new tariffs for 90 days as the world’s two largest economies negotiate a lasting agreement.