The New Zealand NZX exchange is targeting four days of DDoS attacks this week. Getty Images The New Zealand Stock Exchange stopped trading for a fourth day in a row on Friday due to multiple cyber attacks. “We are currently experiencing connectivity issues similar to those caused by severe offshore …
Read More »Bets that the stock market will continue to soar have exploded higher
Even if the stock market trades in record-setting territory, despite the economy being in the throes of a viral pandemic, Wall Street is betting for further gains at its highest level since the dot-com bubble, according to research from Bespoke Investment Group. Options bet that the S&P 500 SPX, + …
Read More »Fed adopts ‘average inflation target’ of 2% as new policy
The Federal Open Market Committee on Thursday announced that it has approved changes in its written policy strategy that are widely seen as leading to an easier position of monetary policy over time. In a statement, the Fed said it had adopted an “average inflation target” and acknowledged the benefits …
Read More »Gold falls into volatile trading as investors digest Powell’s Jackson Hole speech
Gold futures moved Thursday lower in volatile trading that saw prices in both directions up as much as 2%. Federal Reserve Chairman Jerome Powell announced changes to the central bank’s policy framework in a speech at the Jackson Hole Economic Symposium that were seen as offering a more accommodative monetary …
Read More »The US dollar is struggling. That should give a shot in the arm to global growth, says Goldman Sachs
A worker from the Chinese company Shanghai Zhenhua Heavy Industries runs past one of the two blue giant portico cranes Malaccamax, during their unloading on 23 July 2020, at the port of Fos-sur-Mer, on the outskirts of Marseille, southern France. clement mahoudeau / Agence France-Presse / Getty Images The US …
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