Here’s What the World’s Central Banks Really Think About Bitcoin
Eight years since the birth of bitcoin, central banks around the world are increasingly recognizing the potential upsides and downsides of digital currencies. The guardians of the global economy have two sets of issues to address. First is what to do, if anything, about emergence and growth of the private cryptocurrencies that are grabbing more and […]
The stock market rally that won’t quit, JPMorgan says the bear case is missing one critical element
Nothing is invincible, but JPMorgan doesn’t see too much right now that could derail the stock market rally. And, it’s trying to convey that to a growing number of skeptic clients. Stephen Parker, head of thematic equity solutions at the firm’s private bank, argues there are hardly any signs of investor euphoria right now — […]
The Russian Banker Who Knew Too Much
Alexei Kulikov was charged with looting a small Moscow bank. But his trial turned into a window on the shadowy—and seemingly uncontrollable—world of money laundering in Putin’s Russia. The pounding on the door begins at about 6 a.m. on a wintry Moscow day in March 2016. Insistent knocking at that hour usually means just one thing: […]
Senate plan lets mutual funds skip a tax change that hurts individual investors
Senate plan lets mutual funds skip a tax change that hurts individual investors Tim Steffen discusses Senate tax bill provision that impacts investors 4:36 PM ET Fri, 17 Nov 2017 | 01:04 Following a backlash, the Senate Finance Committee has decided a proposal to prevent investors from minimizing taxes will no longer apply to mutual […]
Is The Stock Market Open The Day After Thanksgiving?
Is The Stock Market Open The Day After Thanksgiving? After a day off for Thanksgiving, is the stock market closed for Black Friday as well? No, but it’ll only be open for a few hours. The Nasdaq and New York Stock Exchange both shutter at 1 p.m. ET, giving you a two-and-a-half day trading break. […]
Rejoice: Sonos Speakers are finally voice-controllable
If you’re among the millions who own Sonos speakers, then you don’t need a paragraph explaining how great they are (the speakers, not the owners). A Sonos is an internet-connected speaker. It can deliver music from 50 music sources (Spotify, Pandora, Amazon, Apple, Google, etc.)—and you control it from an app on your phone or computer. These speakers sound […]
Gold down on firmer dollar but stays close to one-month peak
FILE PHOTO – A sales person shows a gold ring to customers at a jewellery showroom during Dhanteras, a Hindu festival associated with Lakshmi, the goddess of wealth, in Ahmedabad, India, October 28, 2016. REUTERS/Amit Dave/File photo Gold prices dipped early on Monday on a stronger U.S. dollar, but remained close to a one-month high […]
Bitcoin Surges Past $8,000 as Technology Concerns Subside
Bitcoin Surges Past $8,000 as Technology Concerns Subside Bitcoin topped $8,000 for the first time as investors set aside technology concerns that saw it tumble as much as 29 percent this month. The world’s largest cryptocurrency’s rise is becoming too big for many to ignore with three separate slumps of more than 25 percent all giving way to subsequent […]
Barry Diller says big media will be ‘serfs on the land’ of tech giants
IAC Chairman Barry Diller believes traditional media companies will become serfs to tech giants like Facebook and Google. (Yahoo Finance) SAN FRANCISCO — The billionaire media mogul behind such popular sites as Expedia, Match.com and HomeAdvisor has a one-word forecast for traditional media conglomerates concerned about being replaced by tech giants: serfdom. “They, like everyone else, […]
Oil markets tepid ahead of Nov. 30 OPEC meeting
Men work for Iraqi Drilling Company at Rumaila oilfield in Basra, Iraq, May 11, 2017. REUTERS/Essam Al-Sudani Oil markets were tepid on Monday as traders were reluctant to take on big new positions ahead of an OPEC meeting at the end of the month, when the producer club is expected to decide whether to continue […]