Former Republican congressman Ron Paul has taken to Twitter to see where his followers would invest a $10,000 gift — but there’s a catch. “You must keep the gift in the form that you choose, and you can’t touch it for 10 years,” Paul said in a tweet Tuesday. The libertarian’s followers were provided with […]
Read moreOlder Americans are increasingly digitally savvy — but they are still a prime target for online scams. Nearly half (42 percent) of adults ages 65 and older now own smartphones, a number that’s quadrupled in the last five years, according to a report by Pew Research Center conducted last year. Internet use by seniors has […]
Read moreCurrency, United States Finance
The world's largest sovereign wealth fund just made its first Asia property purchase
Norway’s $1 trillion sovereign wealth fund has invested in Asian property for the first time. Norges Bank Real Estate Management, which manages the sovereign fund, the world’s largest, said Thursday that it had signed an agreement to buy a 70 percent stake in five properties in Tokyo, Japan. The fund will pay 92.75 billion Japanese […]
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Biotech stocks have lagged recently, as the Nasdaq biotech ETF, the IBB, has declined for three-straight sessions and is down more than 10 percent from its October high. On a technical level, the group’s charts concern Miller Tabak equity strategist Matt Maley. Here’s why: • On Wednesday, the ETF broke below its 200-day moving average, […]
Read moreIt’s been a chaotic year for Uber, but one part of its business is a bright spot: food delivery. Since launching two years ago, UberEats is now in 200 cities and is profitable in 40 of them, the company told CNBC. Uber is now competing in a crowded market, alongside GrubHub, Caviar and Amazon following […]
Read moreBitcoin will likely become a global force for good once it’s treated as a transaction currency, according to the co-founder of Yahoo. “Bitcoin as a digital currency is not quite there yet,” Jerry Yang, who now heads AME Cloud Ventures, told CNBC on Thursday. “Personally, I am a believer in how digital currency can play […]
Read moreBookmaker GVC Holdings has offered to buy Ladbrokes Coral for up to $5.2 billion to create a global online and high street betting giant able to take on rivals and cope with a tougher regulatory environment. GVC, which boasts 79 million registered accounts and operates in 21 languages through names such as sportingbet and partypoker, […]
Read moreWall Street banks have raised objections to the introduction of bitcoin futures trading, highlighting fears that the financial system can’t cope with the cryptocurrency’s volatile price swings. Bitcoin has rocketed higher Thursday, crossing the $15,000 mark less than 48 hours after topping $12,000. The U.K.’s Financial Times has reported that a letter from the Futures […]
Read moreGamers can no longer pay with bitcoin on the gaming platform Steam. Steam, which is owned by developer Valve Corporation, said in a blog post Wednesday that it could no longer support the virtual currency because of its “high fees” and “volatility”. “In the past few months we’ve seen an increase in the volatility in […]
Read moreTax reform will fill shareholders' pockets but hit the middle classes, ex-US commerce secretary says
The United States’ proposed tax reform is projected to boost corporate earnings — and most of those savings are likely to go into shareholders’ pockets, said former U.S. Commerce Secretary Penny Pritzker. If the tax plan is passed, as many are expecting, the U.S. will see corporate taxes fall from current rates of 35 percent […]
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