Bank of England Governor Andrew Bailey. Dan Kitwood/WPA Pool/Getty Images The pound after the Bank of England said it's closely monitoring financial markets. The BoE didn't say it would take emergency action to stem the decline of the pound, which hit a record low earlier Monday. The pound fell by nearly 2% after the […]
Tag: dollar
Shoppers earning $100,000 are turning to dollar stores amid soaring inflation, Dollar General CEO says
A Dollar General store in Amenia, New York. Landon Speers for Insider Shoppers earning six-figure salaries are turning to dollar stores amid soaring inflation in the US. Economic uncertainty is pushing some Americans to tighten their pursestrings. Dollar General's "core customer" usually earns under $ 40,000 a year, CNN reported. Shoppers with six-figure salaries are […]
American Ninja Warrior Finale Crowns Second-Ever Million Dollar Winner
RELATED STORIES Mt. Midoriyama has been conquered! For only the second time during American Ninja Warrior‘s 11-season run — and the first time since 2015 — a competitor has nabbed the $ 1 million prize after completing all four stages of the difficult obstacle course. On Monday’s season finale, Drew “Real Life Ninja” Drechsel impressively […]
The Central Bank of Russia shifts its reserves away from the dollar
The move is part of Russia’s desire to hedge against further American sanctions
The fate of the dollar will shape financial markets in 2019
After rising by 7% against a basket of currencies in 2018, where is it headed next?
The fate of the dollar will shape financial markets in 2019
After rising by 7% against a basket of currencies in 2018, where is it headed next?
‘Flash crash’ rips through Asia’s currency markets sending the yen into orbit and the Aussie dollar crashing to Earth
Zhang Peng/LightRocket via Getty Images Japan’s yen has gone into orbit on Thursday, breaking through key technical support levels as rising global growth risks nudged investors into a rush to safe haven-assets. Apple cut its sales forecast for its latest quarter, citing slowing iPhone sales in China, while Chinese manufacturing reads added to the burden […]
Top 5 countries opting to ditch US dollar & the reasons behind their move
The past year was full of events that inevitably split the global geopolitical space into two camps: those who still support using US currency as a universal financial tool, and those who are turning their back on the greenback. Global tensions caused by economic sanctions and trade conflicts triggered by Washington have forced targeted countries […]
The million dollar drug that patients can’t access
Glybera is a made-in-Canada discovery that made history, becoming the world’s first drug approved to treat a genetic disease. But when it went on the market at a price of $ 1 million, it was immediately labelled the most expensive drug in the world and was only sold once.
Paul Volcker’s Guide to the Almighty Dollar
Paul Volcker’s 6-foot-7-inch frame was draped over a chaise longue when I spoke with him recently in his Upper East Side apartment, in Manhattan. He is in his 91st year and very ill, and he tires easily. But his voice is still gruff, and his brain is still sharp. We talked about his forthcoming memoir, […]