US Data Preview: New Home Sales, Revised GDP/Personal Income, Durables Orders … and FOMO
WASHINGTON (MaceNews) – In the cryptos – fear, uncertainty and doubt. For U.S. stocks, hit “resume” already and stay there. For that U.S. 10-year yield, is it still under 1.65%? The fifth month of this recovery year is almost over and still things feel tentative. The reopenings are becoming universal and the return-to-the-office notices are […]
US Data Preview: New/Existing Home Sales, Leading Indicators and the Restoration Economy
WASHINGTON (MaceNews) – Significant economic data reports other than new and existing home sales are completely absent in the week ahead but plenty is happening in the economy now that it’s in the midst of one of its biggest booms ever. Which makes a lot of Nervous Nellies, well, nervous. In a world of accelerating […]
CHINA-US TECH WAR: US GOVT TO BLOCK NEW DOWNLOADS, UPDATES OF TIKTOK, WECHAT
By Brai Odion-Esene, SW4 Insights for Mace News WASHINGTON (MaceNews) – In an escalation of the ongoing China-U.S. tech war, the U.S. Commerce Department Thursday announced restrictions on new downloads and updates of two popular Chinese-owned mobile apps – WeChat and TikTok – citing a need to safeguard the national security of the United States. […]
TEXT: COMMERCE DEPT SETS US BAN OF WECHAT/TIKTOK
WASHINGTON (MaceNews) – The following is the text of the Commerce Department announcement Friday of the bans within the U.S. of the Chinese apps WeChat and TikTok, to some extent, depending on future negotiations: Commerce Department Prohibits WeChat and TikTok Transactions to Protect the National Security of the United States – In response to President Trump’s […]
COVID-19 CRISIS SPEEDS UP USE OF DIGITAL PAYMENTS
–Wider Use Of Central Bank Digital Currencies Explored By Vicki Schmelzer NEW YORK MaceNews) – The coronavirus pandemic has forced world central banks, already struggling to deal with cryptocurrencies, stable coins and other non-traditional monies, to up their game on the use of digital currencies and other new technologies. “COVID-19 has forced an unprecedented experiment in […]