[US stocks close]New variant drug Omicron caused panic, Dow fell 905 points, New Zealand oil plug 13%-Hong Kong Economic Times-Real Time News Channel-Market Finance-Stock Market
USA finance

[US stocks close]New variant drug Omicron caused panic, Dow fell 905 points, New Zealand oil plug 13%-Hong Kong Economic Times-Real Time News Channel-Market Finance-Stock Market

November 27, 2021 A new variant of the virus B.1.1.529 appeared in South Africa, named Omicron by the WHO. The new epidemic caused panic in the global market. The global stock market plummeted during the “Black Friday”. New York oil futures fell by 13%, and the VIX index, commonly known as the “panic index,” surged […]

Crypto rally lifts ether to new record, bitcoin to near 3-week high
Cryptocurrency exchanges

Crypto rally lifts ether to new record, bitcoin to near 3-week high

SYDNEY (Reuters) -Bitcoin rallied toward its all-time high on Monday and ether climbed to a fresh record as cryptocurrencies rode a wave of momentum, flows, favourable news and inflation fears. Bitcoin jumped more than 4% to as high as $66,170, approaching the unprecedented $67,016.50 level reached on Oct. 20, while ether – which underpins the ethereum network – sat at a record top of $4,768.07. Ether is up around 59% since the start of October and bitcoin about 51% as investors have cheered last month’s launch of a U.S. futures-based bitcoin exchange-traded fund and sought exposure to an asset class sometimes regarded as an inflation hedge.

News Highlights: Top Financial Services News of the Day
USA finance

News Highlights: Top Financial Services News of the Day

Intuit Nears Deal to Buy Mailchimp The cash-and-stock deal, which values email-marketing platform Mailchimp at around $12 billion, could be announced soon, assuming the talks don’t fall apart, people familiar with the matter said. Blackstone Drops $3 Billion Property Deal With Chinese Power Couple Shares in Chinese commercial-property developer Soho China tumbled 35%, after the…

Gold as an Inflation Hedge: What the Past 50 Years Teaches Us
USA finance

Gold as an Inflation Hedge: What the Past 50 Years Teaches Us

On a Sunday evening 50 years ago—on Aug. 15, 1971, to be exact—then-President Nixon interrupted “Bonanza,” one of the most popular TV shows of that era, to announce that he was ending the convertibility of the U.S. dollar into gold. Many consider it to be one of the most consequential decisions he made. Up until […] More