Dollar, most Asia markets rise as US data pip N. Korea concerns

The dollar extended gains and most Asian equities advanced Thursday as strong US growth and jobs data helped traders move past North Korea’s missile test but oil struggled as deadly storm Harvey batters the Gulf Coast. Markets across Asia rallied Wednesday after the previous day’s North Korea-fuelled losses as US President Donald Trump’s apparently measured response… Please follow and like us:

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Potential GDP And Harvey

At a time when there’s more uncertainty than usual about what the U.S. Federal Reserve will do next and when the next interest raise will be, there’s even more talk about the economy’s potential. Where could the nation’s gross domestic product could be? How would a healthier consumer impact potential GDP? Get The REITs eBook in… Please follow and like us:

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How Instagram Can Help Hedge Funds Make Better Trades

Quandl is a professional supplier of financial, economic and alternative data to a select clientele of hedge funds, asset managers and investment banks. It’s well known that a potentially benchmark-beating trading strategy is only as good as its data, and as computing gets more powerful many hedge funds and asset managers are scoping out a wide… Please follow and like us:

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Blockchains Don’t Talk To Each Other — Yet

Enterprise Ethereum Alliance stalwart Nuco has formally announced Aion, an interoperable blockchain network and the framework allowing communication between blockchains. Nuco is led by Matthew Spoke, who launched the Rubix Blockchain project at Deloitte back in 2014, making him one of the first people in the enterprise space to work with Ethereum; he continues to play… Please follow and like us:

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IMF misreads the dynamics of debt

LI MIN/CHINA DAILY The International Monetary Fund recently said China’s average GDP growth in the next two years is expected to be 6.4 percent- higher than the earlier forecast of 6 percent. But a higher GDP growth is expected because of “the government’s reluctance to rein in ‘dangerous’ levels of debt”, the IMF said while also… Please follow and like us:

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Economy grew at fastest pace in two years during second quarter

The economy grew at the fastest pace in two years during the second quarter, the Commerce Department reported Wednesday, with stronger consumer spending contributing to President Trump’s goal of 3 percent growth. The government revised the gross domestic product growth rate upward from the previously expected 2.7 percent. In addition to stronger household spending, the Commerce… Please follow and like us:

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Harvey has knocked out a significant portion of the nation’s oil refining capacity

The nation’s biggest oil refinery shut down Wednesday morning as Tropical Storm Harvey continued to hammer the core of the U.S. industry that turns crude oil into gasoline. The Motiva refinery in Port Arthur, Texas, began a “controlled shutdown” at 5 a.m. Wednesday, joining more than a dozen other facilities in Corpus Christi, Beaumont and other… Please follow and like us:

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Choose better passwords with the help of science

By Lujo Bauer, Associate Professor of Electrical and Computer Engineering and Computer Science, Carnegie Mellon University, Nicolas Christin, Associate Research Professor of Computer Science, Carnegie Mellon University, Lorrie Cranor, Professor of Computer Science and of Engineering & Public Policy, Carnegie Mellon University, Michelle Mazurek, Assistant Professor of Computer Science, University of Maryland, and Blase Ur, Assistant… Please follow and like us:

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Trump Battling His Own Subordinates over Trade, Loyalty

President Donald Trump is growing frustrated with the “globalists” in his administration, and at one point this month, he ordered his staff to start bringing him tariffs on subsidized imports. Trump was apparently getting tired of excuses when it comes to trade policy, in an incident first reported by Axios on Sunday. Trump told the roomful… Please follow and like us:

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Predicting Financial Markets With Deep Learning

Henri Waelbroeck, director of research at machine learning trade execution system Portware, says rather poetically that the system “reads the tea leaves” in market data to distinguish different sorts of orders and execute trades more efficiently. Portware uses artificial intelligence to help traders select the best algorithm for particular market conditions, asset class, broker, venue etc.,… Please follow and like us:

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High-Grade Corporate Bond Market “Could Get Ugly” If Interest Rates Rise Fast

When liquidity is most needed in the high-grade corporate bond market, it “could get ugly,” Bank of America Merrill Lynch predicts. While total volume has increased meaningfully since 2006, don’t let that fool you. The markets are not liquid, the analysts say, pointing to the Volcker Rule and central bank quantitative easing that has put investors… Please follow and like us:

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Author: U.S. only 1 step from bondage, tyranny

When Charles Sasser was 12, his father sent him down to the county barn to stand in line for what he called “gimpy groceries” – government surplus commodities such as beans, cheese and powdered milk. It was an exceedingly difficult year on the family farm; otherwise, the elder Sasser’s pride and dignity would have prevented him… Please follow and like us:

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Jesse Eisinger: Prosecutors Are Too Chicken to Rein In Wall Street

Acute fear of failure permeates the United States judicial system when it comes to prosecuting top-level corporate executives for malfeasance; ergo, they simply walk away without punishment. Case in point: No chieftains from the big banks went to jail for their wrongdoings in the financial crisis, and rich and powerful white-collar fraudsters in other major industries… Please follow and like us:

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Best Buy sees best sales gain in seven years, but its stock price takes a dive

MINNEAPOLIS — Best Buy Co. celebrated on Tuesday its biggest quarterly sales jump in seven years — and then its stock plummeted. Such is the up-and-down life of retailers these days trying to prove themselves to investors amid the formidable shadow of Amazon. The retailer, based in suburban Minneapolis, posted a 5.4 percent jump in comparable… Please follow and like us:

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Advisers to play role in BRICS’ worldwide influence

Think tanks will work to play a positive role in deepening cooperation among BRICS members in strengthening global governance and meeting universal challenges, according to a commerce official and a think tank organizer. With the approach of the 2017 BRICS Summit in Xiamen, Fujian province, experts on the economy and trade from higher education institutions and… Please follow and like us:

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