Category: Finance

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SURVEY: London will lose its crown because the realm’s global monetary centre internal 5 years

Canary Wharf and the city are seen at sunset in London, December 14, 2016. Reuters / Eddie Keogh London has been named the world’s leading financial sector by a Duff & Phelps report, which surveys senior financial professionals. The majority of professionals said they believe London will lose its top status by 2023. Julian Korek,…

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Rosenstein Told Trump He’s Now not a Target in Mueller Probe, Sources Yelp

Deputy Attorney General Rod Rosenstein told President Donald Trump last week that he isn’t a target of any part of Special Counsel Robert Mueller’s investigation or the probe into his longtime lawyer, Michael Cohen, according to several people familiar with the matter. Rosenstein, who brought up the investigations himself, offered the assurance during a meeting…

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Home prices beautiful took the supreme jump in Four years

High prices are the result of very, very low inventory. The supply of homes for sale was down 11.9 percent in March, compared with a year ago. As a result, sales fell 3.7 percent. The number of new listings in March dropped 5.6 percent annually, although part of that may have been due to the…

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Nice looking Spike in Wall Freeway Pains Gauge Awakens Manipulation Debate

The monthly settlement of the VIX has left investors feeling decidedly unsettled. Pravit Chintawongvanich, head of derivatives strategy at Macro Risk Advisors, says the VIX, or Cboe Volatility Index — a gauge of the implied volatility of the S&P 500 Index derived from out-of-the-money options — was “gunned.” That is, it was intentionally pushed higher.…

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World debt is at historic highs and governments ought to originate slicing ranges now, the IMF says

Meanwhile, debt in advanced economies far exceeded debt levels in emerging markets, the IMF said. According to its latest report, average debt for advanced economies stood at 105 percent of GDP. For middle-income economies, debt was around 50 percent of GDP on average, while debt for low-income countries, which have been experiencing rising average debt-to-GDP…

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A billionaire hedge fund supervisor and the Fed chair runner-up are investing in a brand unique cryptocurrency

“The Basis approach to creating cryptocurrency with stable value is highly differentiated,” Erik Nordlander, engineering partner at GV, said in a statement. “We were drawn to invest in the Basis network because of the founding team’s impressive engineering leadership and vision.” A representative for Druckenmiller declined to comment further. Spokespeople for Warsh and Andreessen Horowitz…