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Top economists warn of contagion risks in U.S. financial sector

Recent bank failures in the U.S. are combining with the Fed's continued rate hikes to cause volatility in the country's financial sector. That's according to leading ec

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UN General Assembly resolution calls for efforts to mitigate food security crisis

The UN General Assembly on Monday adopted a resolution that calls for international efforts to mitigate the current food security crisis.The resolution calls on the int

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Russia relaxes rules on foreign exchange buying as ruble rallies

Russia will relax temporary capital control measures aimed at limiting a drop in the ruble by allowing individuals to buy cash foreign currency and will also scrap comm

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Bitcoin fans and experts discuss challenges of cryptocurrency industry

03:07 Over the weekend, the city of Miami hosted the largest in-person cryptocurrency event since beforepandemic times. At least 12,000 people gathered to share their love for Bitcoin a

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Bitcoin down almost 50% from year's high

Bitcoin fell 13 percent on Sunday after the world's biggest and best-known cryptocurrency suffered another sell-off that left it down nearly 50 percent from the year's

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China can maintain balanced international payments and forex market

China has conditions to keep the balance of international payments and foreign market, the State Administration of Foreign Exchange (SAFE) said on Friday, responding to market concerns that the U.S.

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China's Meitu buys more Bitcoin, total investment reaches $100 million

Chinese app developer Meitu said Thursday that its wholly-owned subsidiary in Hong Kong acquired an additional 175.6 units of Bitcoin for approximately $10 million, bringing its total purchase of the

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Bitcoin storms past $50k for first time as mainstream appeal grows

The crypto king, as its champions describe it, clocks up another milestone and a market expert suggests $66k is in sight.

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What’s happening with GameStop and the stock market?

01:55 The video game retailer GameStop has been at the heartofa trading frenzy on Wall Street with its sharesskyrocketinglast week.The so-called “Reddit rally” was fueled byonlinetradi

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GameStop’s stocks tumble following frenzy

02:17 GameStop’s wild ride on Wall Street has continued into February with its shares falling more than 25 percent on Monday. This comes after buzz on social media sparked a rally that

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Biden's adviser: 'We are going to look at' GameStop legal questions

Brian Deese, Director of the National Economic Council, made the remark in an NBC interview about how the White House plans to address the market volatility."I could tell you the Securities and Excha

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Lawmakers announce hearings on GameStop and online trading platforms

The GameStop short squeeze saga caught the attention of Congress Thursday morning and that buzz is already panning out into hearings on the topic.Rep. Maxine Waters (D-CA), chairwoman of the House Com

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Argentina's economy in 2020, a year in review

02:48 The pandemic has brought about the largest economic decline for Latin America in over a century. For countries like Argentina, the regions third economy and which were already in

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Stocks give cautious welcome to U.S. aid deal, wary on Brexit

U.S. stock futures traded sideways in Asia on Monday as investors gave a cautious welcome to news a deal had been struck on a long-awaited U.S. stimulus bill, though "difficult" Brexit talks dragg

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China's foreign reserves rise to 4-year high on strong yuan

China's foreign exchange reserves rose more than expected in November as a fast economic recovery helped boost the yuan and foreign trade.China's foreign exchange reserves grew to $3.1785 trillion

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China's GDP to grow 2.1%, says Bank of China report

China is expected to see an annual growth rate of 2.1 percent this year as the country is the first to achieve recovery in the world, according to a report by the Bank of China on Monday.China has

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Coupa Software snags Llamasoft for $1.5B to bring together spending and supply chain data

Coupa Software, a publicly traded company that helps large corporations manage spending, announced that it was buying Llamasoft, an 18 year old Michigan company that helps large companies manage their