Trump speaks at the World Economic Forum in Davos

Trump speaks at the World Economic Forum in Davos

[The stream is slated to start at 5:30 a.m. ET. Please refresh the page if you do not see a player above at that time.] President Donald Trump is scheduled to make a speech at the World Economic Forum in Davos, Switzerland, on Tuesday morning. The five-day gathering in Davos is used by business leaders … Read more…

IMF world economic outlook January 2020

IMF world economic outlook January 2020

The seal of the International Monetary Fund(IMF) is seen outside of the headquarters building in Washington, DC on April 8, 2019. Mandel Ngan | AFP | Getty Images The International Monetary Fund (IMF) has become less optimistic about global growth, warning that the outlook remains sluggish and there are no clear signs of a turning … Read more…

Here are the main themes at World Economic Forum 2020

Here are the main themes at World Economic Forum 2020

BERLIN, GERMANY – FEBRUARY 07: German Chancellor Angela Merkel in the course of a special faction meeting, on February 07, 2018 in Berlin, Germany. Florian Gaertner Where are we headed? Thousands of politicians and business leaders will address this question as they attend this year’s World Economic Forum (WEF) in Davos, Switzerland. Next week’s gathering … Read more…

Beijing posts economic data amid trade war

Beijing posts economic data amid trade war

China’s President Xi Jinping raises a toast to celebrate the 70th anniversary of the People’s Republic of China at the Great Hall of the People in Beijing. NOEL CELIS | AFP | Getty Images China said Friday its economy grew by 6.1% in 2019, meeting expectations even amid a trade dispute with the U.S. Analysts … Read more…

Iran retaliation, Ford sales and service sector data

Dow jumps 250 points to a record after strong economic data, Morgan Stanley rises

Stocks rose on Thursday to fresh record highs after Morgan Stanley reported quarterly figures that easily topped analyst expectations while investors digested solid data on the U.S. economy. The Dow Jones Industrial Average gained 253 points, or 0.9%. The S&P 500 climbed 0.8% and broke above 3,300 for the first time. The Nasdaq Composite advanced 1%. … Read more…

Bitcoin Price Hitting $1 Mln Wouldn't Be Very Impressive, According to American Institute for Economic Research

Bitcoin Price Hitting $1 Mln Wouldn’t Be Very Impressive, According to American Institute for Economic Research

Contents Bitcoin will not make you rich anymore  XRP is a brilliant technology  While the mainstream media can’t get enough of Bitcoin’s nine mln percent rally in the 2010s, the American Institute for Economic Research (AIER) has a different take. According to AIER’s Joakim Book, the status of the best performing asset of the decade is “hardly … Read more…

Steven Mnuchin to head US delegation to World Economic Forum in Davos

Steven Mnuchin to head US delegation to World Economic Forum in Davos

US President Donald Trump and Treasury Secretary Steven Mnuchin (L) speaks during a tour of the H&K Equipment Company in Coraopolis, Pennsylvania on January 18, 2018. Mandel Ngan | AFP | Getty Images U.S. Treasury Secretary Steven Mnuchin will lead a group of U.S. officials who will attend the World Economic Forum later this month in Davos, … Read more…

Navarro sees Dow 32,000 in 2020 and US economic growth closer to 3%

Navarro sees Dow 32,000 in 2020 and US economic growth closer to 3%

White House trade advisor Peter Navarro on Tuesday predicted the Dow Jones Industrial Average will hit “at least” 32,000 in 2020. That would be 12.4% higher than Monday’s close. “I’m looking forward to a great 2020,” Navarro told CNBC’s “Squawk Box.” “Forecast wise, I’m seeing closer to 3% real GDP growth than 2%. I’m seeing … Read more…

Shutting down Bitcoin mining facilities could cause 'severe economic problems'

Shutting down Bitcoin mining facilities could cause ‘severe economic problems’

China has been exhibiting its interest in blockchain technology and with the digital yuan, the country has surely turned heads. Apart from this, China has been dominating the Bitcoin mining space. However, the latest news from the country shows the ugly side of the same. Recently, Chinese authorities have reportedly seized about 7,000 cryptocurrency mining … Read more…

Early close, Santa rally begins, economic data

Early close, Santa rally begins, economic data

Traders work on the floor of the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images Here are the most important things to know about Tuesday before you hit the door. 1. Early close We’ll get a short trading day on Christmas Eve with the stock market closing at 1 p.m. ET and … Read more…