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RTT News

Economist Who Predicted Financial Crisis Calls Cryptos 'Mother Of All Scams'

Global economist Nouriel Roubini says cryptocurrency is "the mother of all scams" and a busted bubble, while blockchain is "The most over-hyped technology ever, no better than a Spreadsheet/Database."

Stocks May Open Lower On Disappointing Retail Sales Data - U.S. Commentary

Following the rebound seen last Friday, stocks may move back to the downside in early trading on Monday. The major index futures have climbed off their worst levels of the morning but are still

Indian Crypto Exchange Unocoin Launches Crypto ATM

Indian cryptocurrency exchange Unocoin has installed its first cryptocurrency automated teller machine (ATM) in the southern city of Bangalore, where the company is based, enabling Indian Rupee (INR)

Wall Street Poised To Open Lower

The Retail Sales for September and Business Inventories for August are the major announcements on Monday. Another focus is on earnings reports. Bank of America reported a clear growth this morning and

Bank Of America Q3 Profit Surges On Asset Quality, Lower Tax Rate

Bank of America (BAC) reported that its third-quarter earnings per share was up 43% year-over-year to $0.66. On average, 24 analysts polled by Thomson Reuters expected the company to report profit per

European Shares Slide On Trade, Interest-rate Worries

European stocks fell slightly on Monday to hover near a 22-month low as investors watched Brexit developments and currency movements ahead of this week's European Union summit.

Asian Shares Extend Slide As Trade Fears Persist

Asian stocks fell on Monday to extend last week's slide, as worries about global trade and higher U.S. interest rates lingered. A growing feud between the U.S. and Saudi Arabia over the disappearance

European Shares Seen Flat To Lower

European stocks may open flat to slightly lower on Monday as worries about global trade and economic growth persist.

Asian Markets Mostly Lower

Asian stock markets are mostly lower on Monday despite the positive cues from Wall Street Friday as investors treaded cautiously amid worries about global economic growth and on Saudi Arabia's rising

FDA Panel Backs ACRX's Pain Drug, ALL Eyes On EARS, TNDM On Watch

Today's Daily Dose brings you news about AcelRx Pharma's pain medication DSUVIA getting thumbs up from FDA panel; near-term catalyst of Auris Medical; regulatory nod for Grifols' ID CORE XT kit for

Bargain Hunting Contributes To Higher Close On Wall Street - U.S. Commentary

Stocks fluctuated over the course of the trading session on Friday but managed to end the day significantly higher. With the higher close on the day, the major averages regained some ground following

Poll Shows Tight Race In Key Florida Congressional District

A House race in a South Florida congressional district Democrats had targeted as an easy pickup in their bid take control of Congress is neck-and-neck, according to the results of a new Mason

U.S. Pastor Andrew Brunson To Be Released From House Arrest In Turkey

A Turkish court on Friday ordered American pastor Andrew Brunson to be released from house arrest, drawing praise from President Donald Trump. Brunson was convicted of terror-related charges but will

Stocks Give Back Ground But Remain Mostly Positive - U.S. Commentary

After moving sharply higher at the start of trading, stocks have given back some ground over the course of the trading session on Friday. The major averages have pulled back off their best levels of

Washington State Abolishes Death Penalty

Washington became the 20th American state to outlaw capital punishment after its Supreme Court ruled Thursday that the current death penalty statute is unconstitutional as it was applied in an

EToro Cuts Crypto Spread Trade Fees To Promote Mass Adoption

Israeli social trading platform eToro has cut the costs of investing in cryptocurrencies on its platform in order to attract more retail investors and to promote mass adoption of cryptocurrency and

Crypto Weekly - Oct. 12

Cryptocurrencies, led by Bitcoin, opened the week firmly in the green, boosted by the improvement in the market sentiment witnessed since late last week. However, they lost momentum soon and trended

Stocks Rebounding Following Two-Day Sell-Off - U.S. Commentary

Stocks moved sharply higher at the start of trading on Friday following the sell-off seen over the course of the two previous sessions. The major averages have given back some ground since the open

InterContinental Hotels To Eliminate Plastic Straws From Hotels Globally

InterContinental Hotels Group plc said it will remove plastic straws from its global estate by the end of 2019, representing more than 5,400 hotels in nearly 100 countries. According to the UK-based

Trump Legal Team Preparing Answers To Questions From Mueller

Members of President Donald Trump's legal team are preparing answers to written questions submitted by special counsel Robert Mueller, according to multiple media reports.