Lebanese Dealers Corporation S.A.L

14/12/2019

07/06/2019

jumps 260 points, posts best week since November after jobs report spurs rate-cut hopes

Lebanese Forex Traders

Stocks jump, building on strong weekly gains, as weak economic data increased the odds of easier monetary policy from the Federal Reserve.

04/06/2019

28/05/2019

Wall Street is making a big mistake by overlooking the possibility that U.S.-China trade talks could fail, says BNY Mellon’s chief strategist. ⠀
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▪️Since President Trump’s threat of new tariffs on May 5, stocks have been on a roller-coaster ride. The S&P 500 is down 4% and the Dow has fallen around 3.5%. The tech-heavy Nasdaq is off more than 6%.⠀
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▪️“I think it gets worse before it gets better,” BNY Mellon’s Alicia Levine said. “The trade war is turning into a tech war, and this could go on longer. It could be deeper, and it could be harder to come up with a resolution.”⠀
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24/05/2019

Theresa May resigns as prime minister amid Crisis

May had failed to win a parliamentary majority on Britain's withdrawal from the European Union.

21/05/2019

stock continues to crash as Morgan Stanley adds fuel to the fire

Shares of Tesla continued to nosedive on Tuesday after Morgan Stanley cut its worst-case scenario for the automaker’s stock to just $10, citing concerns over slowing Chinese demand for its electric cars.

17/05/2019

Nobody knows the identity of Satoshi Nakamoto, the computer programmer who invented bitcoin.⠀
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That's because the name—Satoshi Nakamoto—is a pseudonym. It could represent a man, a woman, or even a group of people.⠀
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Experts agree that uncovering Nakamoto's identity could have an immense impact on bitcoin's economics and internal politics.⠀
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That's because Nakamoto has the power to tank the currency if he wants to.⠀
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It is estimated that Nakamoto accumulated around a million bitcoins before disappearing. Today, that stash is worth millions. ⠀
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15/05/2019

Bitcoin is on its way back up.⠀
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After hitting $20,000 in 2017, the cryptocurrency crashed to a low of nearly $3,100 in December 2018. But since the start of 2019, bitcoin's value has increased more than 120%.⠀
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13/05/2019

shares extend losses after announces tariff hikes on goods; German down 1.5%

Markets in Europe continued to fall during the Monday afternoon session, after news China will impose tariffs on some U.S. imports from June 1.

10/05/2019

Watch Uber begin trading for the first time ever. The stock opened at $42 in its market debut, after pricing at $45 a share. 🚙 💨

09/05/2019

Binance, one of the world’s largest cryptocurrency exchanges, said hackers stole over 7,000 bitcoin on Tuesday.⠀
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▪️The stolen bitcoin is worth over $40 million. Binance said it will cover the incident “in full” and that no users’ funds will be affected.⠀
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▪️The price of the digital coin has rallied recently, and is about 9% higher over the past week.⠀
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07/05/2019

The Dow Jones Industrial Average fell hard Tuesday -- at one point more than 600 points -- as investors gauged the possibility of heightened trade tensions between the world's two biggest economies. Wall Street's concerns stem from tweets by President Trump over the weekend and on Monday that the pace of trade talks between Washington and Beijing were not advancing quickly enough and that he intended to increase tariffs to 25 percent from the current 10 percent on $200 billion of Chinese goods, a move he said he would take effect on Friday.