Tag: currency markets
Ford quarterly profit drops almost 26% due to $1B write-offs for canceled electric SUV
DETROIT -- Ford's third-quarter net profit fell nearly 26% as the company took $1 billion in accounting charges to write down assets for...
Global stocks mixed after Wall Street declines; markets wait for China policy briefing
HONG KONG -- European markets opened higher while Asian stocks were mostly lower on Friday, with Chinese markets declining as investors awaited a...
Cryptocurrency exchange network accused of helping Russia hit with sanctions
WASHINGTON -- A network of people and virtual currency exchanges associated with harboring Russian cybercrime were hit with sanctions on Thursday, in a...
Betting on elections threatens confidence in voting and should be banned, US agency says
ATLANTIC CITY, N.J. -- Allowing people to bet on the outcome of U.S. elections poses a great risk that some will try to...
What are carry trades and how did they contribute to this week's global market mayhem?
BANGKOK -- The mayhem that swept across world markets this week was partly caused by a market strategy known as the “carry trade.”...
Alabama woman pleads guilty to defrauding pandemic relief fund out of $2 million
MONTGOMERY, Ala. -- An Alabama woman has pleaded guilty to federal wire fraud and money laundering charges for fraudulently claiming nearly $2 million...