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Bitcoin Price Increases to $6,550 as Market Regains Confidence in Mid-Term Growth

“The bitcoin price has increased to over $6,550, after dipping below $5,600 on November 12” writes unknown author for cryptocoinsnews.com. Analysts have attributed the recent increase in the price of bitcoin to CME Group’s confirmed launch of its bitcoin futures exchange by the second week of December.No Uncertainty in the Market With the SegWit2x hard fork cancelled, the Bitcoin Cash community developing its own project, and Bitcoin Gold losing support from the community, there exists no uncertainty in the mid-term within the bitcoin market.Considering that the confirmation of the bitcoin…

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Small-business confidence ticks up as lower taxes take shape

“Sentiment among small-business owners rose in October as the promise of tax reform buoyed expectations for sales and growth” writes Andrea Riquier for marketwatch.com. The index surged after the election on hopes of less regulation and lower taxes, as well as a rollback of the Affordable Care Act.In October, the single biggest problem for owners, just one percentage point behind taxes, was “quality of labor.” That was the highest such reading since 2000, NFIB said. Source: marketwatch.com Share This:

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U.K. Pound Falls Sharply Amid Reports of No Confidence Challenge Against PM May

“The U.K. pound fell sharply against the U.S. dollar overnight after a report from Britain’s Sunday Times newspaper suggested Conservative party lawmakers were preparing a leadership challenge against Prime Minister Theresa May” writes Martin Baccardax for thestreet.com. The pound was marked 0.75% lower from Friday’s close in early London trading to change hands at a near one-month low of 1.3095.The Sunday Times newspaper said as many as 40 Conservative MPs signed a letter of “no confidence” against the Prime Minster, a number that falls just 8 shy of the minimum…

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Removal of hotel review reporting rape creates crisis of confidence for TripAdvisor content

“Earlier this year, TripAdvisor removed critical reviews and negative posts about health and safety problems, including sexual assault, at a number of Mexican resorts and hotels” writes Greg Sterling for searchengineland.com. Now, after being embarrassed by negative publicity, TripAdvisor has said it will post a warning badge on pages of hotels where problems have been reported.Without question, visible information about rapes or other criminal activity at a hotel property would have a negative impact on bookings. Source: searchengineland.com Share This:

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Boom: Public’s confidence in job growth highest ever recorded

“The confidence in jobs availability is a huge turnaround from 10 years ago when the nation was in a recession” writes Paul Bedard for washingtonexaminer.com. The public’s confidence in continued job growth and the availability of hiring employers is at the highest since Pew Research Center began looking at the issue 16 years ago.Today, however, Pew found that 50 percent say “plenty of jobs are available,” up from just 10 percent in 2009. “The public’s views of local job availability continue to improve.Currently, 50 percent of Americans say there are…

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US consumer confidence rises in October to 17-year high

“The Conference Board said Tuesday that its consumer confidence index hit 125.9 in October, up from a revised 120.6 in September and the highest reading since December 2000” writes The Associated Press for seattletimes.com. WASHINGTON (AP) — American consumers are the most confident they’ve been in nearly 17 years, more good news for an already healthy economy. The October confidence readings “suggest the economy will continue expanding at a solid pace for the remainder of the year,” Conference Board economist Lynn Franco said.Economists monitor Americans’ confidence because consumer spending accounts…

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Markets News Regulators 

Bond speculators’ bearish bets reveal confidence in Fed hikes, ballooning issuance to fund tax cuts

“Analysts say tax cuts could widen the budget deficit, prompting the Treasury Department to up the amount of new issuance” writes Sunny Oh for marketwatch.com. With tax cuts likely comes a greater need for Treasury issuance, depressing prices and adding to upward pressure on yields.See: Why the bond market isn’t freaking out from the Fed’s shift to quantitative tightening The overall rise in bond yields has also been driven by strong economic data.They’re also guessing that despite the prospect of rising borrowing costs, a bullish stock market may instead bask…

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Equality and Human Rights Commission warns FA it risks losing public confidence

“The Football Association was on Thursday warned by the Equality and Human Rights Commission (EHRC) that it risks losing public confidence if it does not urgently demonstrate that it has an open, transparent and non-discriminatory culture” writes Deputy Football Correspondent for telegraph.co.uk. Sports minister Tracey Crouch on Thursday underlined that the government expects “leading standards of governance from all our national sports governing bodies” and the EHRC, which is the country’s national equality body, has now issued its own warning to the FA. Source: telegraph.co.uk Share This:

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Consumer confidence explodes to a 13-year high

“US economic growth in the second quarter rose to a two-year high on stronger consumer and business spending, a late-September report showed” writes Akin Oyedele for businessinsider.com. Consumer sentiment spiked after President Donald Trump’s election largely along partisan lines: Republicans turned much more optimistic while Democrats turned more bearish on the economy’s direction.US consumers haven’t been this optimistic about the economy since the start of 2004, according to a survey conducted by the University of Michigan.The data suggest that consumer spending will likely continue to support the economy through at least…

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Central bankers are facing a crisis of confidence as models fail

“Central bankers usurped the titans of Wall Street as the masters of the universe almost a decade ago” writes unknown author for cnbc.com. But few central bankers are happy with meeting targets only once they have moved the goalposts.For now, the public still trust the women and men who work in the marbled halls of central banks around the world.The holy grail for central bankers is to claim credibly that they have “anchored inflation expectations” at the target level.Central bankers might have been the masters of the universe of the…

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