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Latest 24 Hour Economy News
Source: DW

'Burning a flag is like burning one's own integrity,' says Israeli ambassador to Germany

Today 10:52 GMT

Send Facebook Twitter Google+ Whatsapp Tumblr linkedin stumble Digg reddit Newsvine. Protesters who burned Israeli flags in Germany over the weekend represented a minority view and should be condemned, Israel's ambassador to Germany, Jeremy Issacharoff, told DW on Tuesday.

Read more: Chancellor Angela Merkel condemns burning of Israeli symbols in Berlin. Issacharoff believed Trump did not intend to undermine a final peace deal.

Source: Common Domain

Bitcoin is still a good bet as long as greater fools are buying

Today 11:50 GMT

Using our bitcoin sentiment feed, we charted monthly sentiment about bitcoin in news and social media from 2010 to 2017.

Behavioral economist and psychiatrist Richard L. Peterson is CEO of MarketPsych, a training and sentiment analytics firm.

Source: CBS News

EU finance ministers fire a warning on US tax plan

Today 08:06 GMT

The European Union's top five economies are warning the US that its massive tax overhaul could violate some of its international obligations and risks having "a major distortive impact" on trade. In a letter to US Secretary of the Treasury Steven Mnuchin, the finance ministers of Germany, France, Britain, Italy and Spain wrote they had "significant concerns" about three tax initiatives in particular.

Source: Common Domain

FTSE 100 wavers around 5-week high, with U.K. jobs update in focus

Today 12:44 GMT

Traders appeared to be holding off ahead of a monthly update on U.K. jobs and wages, which could give the market some impetus.

How markets moved: The FTSE 100 index UKX, -0.05% was up 2 points at 7,502.26 after dipping into the red at the open of trading. Financial, consumer services and basic materials shares were higher, but that move was mostly offset by losses in the utility, industrial, consumer goods, and oil and gas groups.

Source: Common Domain

Oil prices rise on signs of falling U.S. inventories

Today 12:44 GMT

Oil prices rose Wednesday after data from an industry group showed a decline in U.S. crude supplies, putting traders on watch for an official reading due later in the day.

The American Petroleum Institute, an industry group, said late Tuesday that its own data for the week showed a 7.4-million-barrel decrease in crude supplies, a 2.3-million-barrel rise in gasoline stocks and a 1.5-million-barrel rise in distillate inventories, according to a market participant.

Source: Washington Post

Private investigator tried to get Trump’s tax returns by using his Social Security number

Today 12:44 GMT

In September 2016, as the heated presidential election between Hillary Clinton and Donald Trump swung into a final phase, a Louisiana private investigator repeatedly attempted to access the Republican candidate’s tax returns.

According to court documents, Jordan Hamlett used Trump’s Social Security number to apply for federal student aid in hopes of gaining access to the candidate’s tax records.

Source: Fox News

Amazon could be first $2T company: Fmr. Apple CEO John Sculley

Today 12:44 GMT

As Amazon (AMZN) continues to steamroll into new markets, former Apple CEO and Pepsi president John Sculley told FOX Business that the tech giant might win the race to become the world’s first $2 trillion company.

A number of companies, including Apple (AAPL), Alphabet (GOOGL), Microsoft (MSFT) and Facebook (FB), currently lead Amazon in market capitalization. “Amazon may not be the first $1 trillion [market cap company], but it may very well be the first $2 trillion market cap company,” Sculley said, adding that the company will get there by continuing its strategy of playing “the game for the long-term.”

Source: Common Domain

Is 3% growth the ‘new normal’?

Today 12:44 GMT

With productivity growth stuck in low gear for over a decade and an aging population constraining labor-force growth, official forecasts for U.S. potential real gross domestic product growth drifted lower to 1.8%-1.9%.

It wasn’t too long ago that the economic establishment, including policy makers at the Federal Reserve, reluctantly came around to the view that 2% real growth was as good as it gets for today’s economy.

Source: CBS News

3 reasons to doubt bitcoin, ethereum, litecoin and other cryptocurrencies

Today 12:44 GMT

Ask the regular Joe diving into cryptocurrencies via credit cards the difference between regular bitcoin and various bitcoin "forks" like bitcoin cash, bitcoin gold and bitcoin diamonds.

A hawkish Fed would likely lead to a rebound in the U.S. dollar, a breaking of the speculative fever on Wall Street, and an undermining of many of the reasons bitcoin was created in the first place.

Source: CBS News

You can still do crucial year-end tax planning

Today 12:44 GMT

If this provision becomes law, investors who are planning to sell stocks with significant gains might want to do so now, before year-end, because they'll still be allowed to select the shares with the highest cost and lowest unrealized gains to sell now.

Just a few weeks are left in 2017, but it's not too late to think about financial moves that can help trim your tax bill before year-end. This year, that means also taking into consideration how the GOP tax plan might also affect year-end financial planning.

Source: Global News

Here’s what the new mortgage rules will do to home prices in 2018: Royal LePage

Today 12:44 GMT

New mortgage rules coming into effect on Jan. 1 won’t trigger home price decreases, according to Royal LePage’s 2018 outlook for the Canadian housing market.

Greater Vancouver 2018 forecast: prices up 5.2 per cent; weighted average prices rises to: $1,353,924 2017 forecast: prices down 8.5 per cent; weighted average price: $1,126,000. “One potential risk to the region’s housing market is further interest rate hikes as home prices are substantially higher in this region when compared to other Canadian markets. Interest rate hikes generally put upward pressure on the Canadian dollar, which also stifles interest from foreign buyers.”

Source: Common Domain

How investors can still fatten their portfolios with these tax-friendly stocks

Today 12:44 GMT

While U.S. equities have been riding high since Trump’s election on optimism over what tax reform will do for stocks, our call of the day from Stifel says that legislation is a “present yet to be unwrapped” for several restaurant stocks.

Here’s Stifel’s chart that shows how much upside some stocks stand to get from tax reforms:. Shares of small and mid-cap restaurant stocks are especially poised to run higher, O’Cull says.

Source: Common Domain

Bitcoin futures settle slightly lower, while ‘altcoins’ surged in investing mania

Today 12:43 GMT

U.S. bitcoin futures settled slightly lower on Tuesday in the second full day of trading for the No.1 digital currency, while the price of rival cryptocurrencies soared to records amid a fervor for virtual assets.

Check out: 7 cryptocurrencies to watch in 2018 if you’re on the hunt for the next bitcoin. Don’t miss: Bitcoin shorts face massive losses if Winklevoss’s call hits the mark

Source: Common Domain

Bet on UniCredit for Europe’s Banking Recovery

Today 08:06 GMT

Europe’s lenders got a good result in the end from the long battle to tighten global capital rules that ended last week.

It expects the guidelines, which were issued in November by the European Banking Authority, the region’s standard setter, to cut 1.8 percentage points from its common equity capital ratio by 2021. That is more than double the hit it expects from the tightening of the global capital rules known as Basel III.

Source: Common Domain

The Morning Ledger: U.S. Tax Plan Draws Ire From Other Nations

Today 08:06 GMT

The Trump administration’s planned overhaul of U.S. corporate tax law came under attack from finance ministers of Europe’s five largest economies on Monday, report WSJ’s Andrea Thomas and Todd Buell.

The letter zeroed in on several technical points that tax experts say could have greater impact internationally than the proposed headline corporate tax cut—from 35% currently to 20%—that has become the centerpiece of the initiative.

Source: NBC News

These Heisman Trophy finalists could make college football history

Saturday 16:22 GMT
Source: BBC

Avocado injuries a thing of the past?

Thursday 21:51 GMT
Source: Common Domain

Advertising Guidelines for Online Sponsored, Branded & Featured Content

Monday 01:31 GMT
Source: CBS News

Walmart cashier’s act of kindness leaves foster parent in tears

Monday 01:31 GMT
Source: CBS News

Anonymous customer buys 58 meals in honor of Las Vegas shooting victims

Monday 01:31 GMT
Source: New York Times

How ISIS Produced Its Cruel Arsenal on an Industrial Scale

Monday 01:31 GMT
Source: New York Times

Eluding Censors, a Magazine Covers Southeast Asia’s Literary Scene

Monday 01:31 GMT
Source: Global News

Here’s what the new mortgage rules will do to home prices in 2018: Royal LePage

Today 12:44 GMT
Source: Common Domain

Here’s Why YouTube’s Streaming Music Could Be a Huge Deal

Tuesday 16:23 GMT
Source: NBC News

China remembers 142K killed in massacre, offers 'friendship' to Japan

Today 12:44 GMT
Source: Global News

Trump directs NASA to send Americans to the Moon, lay foundations for Mars mission

Tuesday 16:24 GMT
Source: Common Domain

Hong Kong Home Prices Expected to Soar in 2018

Tuesday 19:10 GMT
Source: Common Domain

Apple Acquires Shazam and Its Song-Recognition App

Tuesday 16:23 GMT
Source: Washington Post

Why Apple bought Shazam, the music-recognition app that’s been declining in popularity

Tuesday 22:49 GMT

“Four hostile newspapers are more to be feared than a thousand bayonets...” ― Napoléon Bonaparte