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Is the Coronavirus Vaccine Market Oversaturated?

6 years ago
Stocks of coronavirus vaccine candidate developers have been on fire this year. If you invested in a balanced portfolio consisting of the five most prominent COVID-19 vaccine developers in the beginning of March, your total holdings would be up 164.68% as of Oct. 9. These includ

3 Reasons To Buy Curaleaf Stock Now

6 years ago
Curaleaf Holdings (OTC: CURLF) has had a good year, and it's likely to get better once November rolls around. Shares of the Massachusetts cannabis company are up more than 41% year to date, and Curaleaf posted record revenues last quarter.

DAX Drops On Covid-19 Vaccine Uncertainty

6 years ago
(RTTNews) - German stocks fell in cautious trade on Tuesday as a second wave of coronavirus cases in Europe prompted new restrictions in Britain and an advanced stage study of Johnson & Johnson's Covid-19 vaccine candidate was put on hold due to an unexplained illness in a s

BUZZ-COMMENT-One bank's forecast for USD and major FX in 2021

6 years ago
Societe Generale's updated FX forecasts for 2021 recognise that Covid-19 has changed everything. Countries that had been timid about fiscal expansion have embraced it, and the Federal Reserve's aggressive response should mean the dollar is beginning a downward adjustment, now that it's lost its interest rate yield.

Nearly 2 Million Sign Up for China’s Digital Yuan ‘Lottery’

6 years ago

Almost two million people living in the Chinese city of Shenzhen signed up for a 10 million (US$1.48 million) digital yuan giveaway over the weekend.

  • According to reports by AsiaOne, of the 1.91 million residents that put their hands up for the latest test of China’s sovereign digital currency, only 2.3% of applicants won their free money.
  • Around 50,000 digital “red envelopes,” reminiscent of the traditional gifts doled out in China for special occasions and each containing 200 digital yuan ($29.60), were handed out Monday.
  • The free digital currency is destined to be spent at 3,389 stores set up to handle the electronic means of payment as part of China’s latest test, and promotion, of its national digital currency.
  • The Digital Currency Electronic Payment (DCEP), as it is known, has been given no definitive timeline for its launch but giveaway in Shenzhen may signify efforts by China’s central bank to ratchet up its plans.
  • One obstacle for obtaining the nation’s digital yuan requires users to open a digital wallet which has raised concerns over how children and the elderly can participate.
  • As cited in AsiaOne’s report, an unidentified user said the digital currency was a “litmus test” for the “new economy” with the potential to unseat the U.S. dollar’s role as the dominant global currency.

See also: Chinese Ex-Banker Says Digital Currency Should Replace Fiat Money

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