Blog posts

China cuts banks' reserve ratios again, frees up $115 billion to spur economy

Submitted by Nick on Tue, 05/21/2019 - 18:01

BEIJING (Reuters) - China's central bank said on Wednesday it was cutting the amount of cash that all banks must hold as reserves, releasing around 800 billion yuan ($114.91 billion) in funds to shore up the slowing economy.

The People's Bank of China(PBOC) said on its website it will cut banks' reserve requirement ratio (RRR) by 50 basis points, effective Jan. 6. The move would bring the level for big banks down to 12.5%.

3 Tech Giants That Could Benefit From the 5G Revolution in 2020

Submitted by Nick on Tue, 05/21/2019 - 18:00

Hyper-fast internet downloads. Household appliances that "talk" to the internet. Cars that talk to... each other. The 5G internet revolution is coming to America, and 2020 will probably be the first year that 5G becomes widely available to consumers.

Recognizing this, Apple made the strategic decision to keep 5G capability out of its latest iPhone model, the iPhone 11, released in September 2019. The company's next iPhone iteration, however, which will be 5G-capable, is due to arrive in late 2020.

Penny Stocks to Watch for January 2020

Submitted by Nick on Thu, 08/31/2017 - 18:25

As I discussed recently on the Peter Leeds YouTube channel, I believe that 2020 will be the year that debt starts to matter again. In other words, as debt levels continue to surge and interest rates become too high to cover, we'll see a wave of bankruptcies occurring not only among consumers but on the corporate and municipal levels too.

 

Australian Share Market Ends Year With Investors Wiping Out $40 Billion in Value

Submitted by Nick on Thu, 08/31/2017 - 18:03

While Forex traders were cheering the Australian Dollar’s breakout above the psychological 70 cents level on Tuesday, there was a bloodbath in the Australian stock market as traders swamped the Australian Stock Exchange with sell orders on the final day of the year, wiping $20 billion off the benchmark S&P/ASX 200 Index in the first fifteen minutes of trading.

At the end of the session, the S&P/ASX 200 Index was at 6684.10, down 120.80 or -1.78%.