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G20 Finance Heads Renounce Currency Devaluation

From time to time, governments consider it beneficial to have a weaker currency to increase exports as products will become cheaper for the receiving country allowing them to purchase more. However, such a tactic sets competing businesses in the home countries at a disadvantage, thus many economists and world leaders frown on the financial maneuver as it is seen as an attempt by the exporting country to gain an unfair advantage over the competition in the receiving country.

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Healthcare Stocks Weigh Averages as Banks Deliver Gains

US stocks saw mixed results Thursday as a combination of the uncertainty surrounding the healthcare debate weighed on overall performance of the sector, and a downgrade of Biogen by Morgan Stanley and Leerink sent the stock tanking 5.1%. Several different sectors dropped into the red throughout the day, with healthcare leading the ray, touching 1% in the red at different times.

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Economic Data Supports Interest Rate Hike

Private sector job growth severely beat estimates, sending the dollar higher against its international counterparts as the stronger the economy is (with job growth being a leading indicator), the more likely the US Federal Reserve is to continue raising the federal funds interest rate.

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10th Anniversary Apple iPhone Takes Center Stage in Tech World

Thus far, Apple has done its best to keep product features under wraps, but reports from different Asian component suppliers are leading one to believe it will have high resolution displays using OLED technology, possibly including curved edges, a feature seen on the Samsung Galaxy S7 Edge.

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