European stocks crash after UK vote to leave EU
A currency trader rubs his eyes at the foreign exchange dealing room in Seoul, South Korea, Friday, June 24, 2016. Asian stock markets were volatile on Friday with Tokyo stocks and U.S. futures plunging as early vote results on whether Britain should stay in the European Union showed a tight race. less A currency trader rubs his eyes at the foreign exchange dealing room in Seoul, South Korea, Friday, June 24, 2016. Asian stock markets were volatile on Friday with Tokyo stocks and U.S. fut..>> view originalUber switches out surge for price transparency
No more pop-ups asking you to agree to those murky “2.1x” (or some other “x” amount) surge fares on the Uber app. Soon Uber will just tell you the price of your ride up front. Uber told TechCrunch in May it was not doing away with surge pricing and denied an NPR report mentioning it would be killing surge. However, it seems Uber is doing away with the feature. Uber pricing will still fluctuate with demand, but now you’ll know the dollar amount you’ll be paying for the ride, instead; “no math a..>> view originalBrexit: The Bank Of England And Governor Mark Carney Are Clearly Nervous Over The Consequences
Markets rally as Britons vote on 'Brexit'
n the United States, share indexes were about 1 per cent higher in intraday afternoon trade. Michael Nagle Global financial markets rallied strongly overnight, as investors bet that Briton will vote to remain in the European Union.Europe's main share index rose for a fifth straight day and Wall Street followed the positive leads on Thursday, as Britons headed to the historic referendum poll.The Australian dollar edged over US76¢, as investors m..>> view originalTwilio's Shares Jump 92% in Trading Debut
Twilio Inc.’s shares nearly doubled from their initial public offering price in their first day of trading, a positive sign during a dry spell for tech IPOs. The San Francisco company’s debut was the best first-day performance for a U.S.-listed IPO so far this year. Analysts and fund managers attributed the success to a confluence of factors, from the company’s potential growth to the broader stock-market rally on Thursday to T....>> view originalWith a British adieu to EU, it's farewell to a Fed rate hike for now
SAN FRANCISCO The U.S. Federal Reserve, already undecided on when next to raise interest rates, now has one more reason to wait: Britain's vote on Thursday to leave the European Union. Not that the Fed needed another reason. Weaker-than-expected growth in U.S. jobs in recent months had already forced U.S. central bankers to put off a rate hike at their meeting last week.But while data due early next month on June U.S. payrolls growth could help clear up doubts about the strength of the labor m..>> view originalRyan promises simpler tax code
By Andrew Taylor | AP June 24 at 3:42 AM WASHINGTON — House Speaker Paul Ryan is promising a simpler tax code with lower rates for both families and businesses as he unveils the sixth and last installment of his “Better Way” campaign agenda for House Republicans. But the Wisconsin Republican can’t match the 25 percent top rate for individuals that he promised not long ago; instead, the tax reform plan being released Friday proposes a 33 percent top tax bracket instead of the current top rate..>> view originalYen Surges as 'Brexit' Vote Sparks Search for Safety
The Japanese yen surged Friday and other Asian currencies were battered as voters in the U.K. upset market expectations and backed their nation leaving the European Union. The yen, considered a haven currency, strengthened to as high as ¥99.00 against the U.S. dollar—its strongest level since November 2013, and a 7.2% appreciation from its Thursday closing level. While the British pound was the main focus of currency-market...>> view originalUS banks flex capital muscle in annual stress test
Big U.S. banks are proving themselves to be stronger and sounder in an annual regulatory stress test, even as the Federal Reserve changes doomsday scenarios to keep them on their toes.On Thursday, the Fed said each of the 33 U.S. banks that underwent its standardized stress test were able to stay above minimum required capital levels in severe economic and market conditions. Banks that participated last year also passed, but their capital levels have largely improved since then.Overall, the 33..>> view originalUS futures spike as Brexit vote begins
U.S. stock index futures indicated a higher open Thursday as traders eyed the release of several pieces of data and kept a close eye on the U.K., where Britons have begun voting on whether to remain in or leave the European Union. Dow futures rose more than 150 points, while S&P and Nasdaq futures gained 20 points and 48 points, respectively. Opinion polls taken before the vote indicated the outcome is too close to forecast, although two polls published late on Wednesday suggeste..>> view original
Friday, June 24, 2016
European stocks crash after UK vote to leave EU and other top stories.
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