NFL games are about to become available on way more mobile devices. The National Football League and Verizon announced a multiyear partnership Monday that will let fans on any mobile carrier stream NFL games on their smartphones. Until the announcement, only Verizon customers could watch live games on their phones through the NFL app. Customers […]
Read moreFueled by an investor appetite for liquid alternative investment strategies, hedge fund conversions have been a growing trend over the last few years. With growing concerns about hedge fund returns and structure, interest in hedge fund conversions has spiked. These funds, typically offered in the form of a mutual fund, provide entree to a proven […]
Read moreRide-hailing app Uber’s appeal against a license ban in London has been pushed back to as late as June 2018. In a preliminary hearing in a Westminster court Monday, a judge ruled that Uber’s appeal should begin on April 30, but could be delayed until June. Uber is appealing against a decision by regulator Transport […]
Read moreBitcoin leapt a eye-watering $2,000 on Monday after investors flocked to Chicago’s Cboe futures exchange to bet on price movements. The digital currency was seen trading at a spot price of $16,574.12 at 6:36 a.m. ET, according to data on industry website CoinDesk, whose Bitcoin Price Index tracks prices from crypto exchanges Bitstamp, Coinbase and […]
Read moreThe Federal Reserve Bank of New York will soon narrow its search for candidates to fill what is considered the Fed’s second-most powerful job after having scouted a diverse field, from a local business school dean to a former Fed governor. New York Fed President William Dudley steps down in mid-2018 and people in contact […]
Read moreA key trend in the gold market has just been broken, and bitcoin could be to blame. The gold miners ETF (GDX) had fallen nearly 15 percent from its September highs while gold has plunged to lows unseen since the end of July. This is curious, says Larry McDonald, head of U.S. macro strategy at […]
Read moreCurrency, United States Finance
Currency expert says there's one fundamental reason behind bitcoin's runaway rally
Bitcoin‘s meteoric price rise has stunned critics and enthusiasts alike, leaving investors scrambling to understand the fundamental reason for the digital currency’s runaway rally. Valentin Marinov, head of G-10 FX research at Credit Agricole CIB, told CNBC on Monday that he was hopeful he now understood the reason behind bitcoin’s soaring value. He predicted further […]
Read moreInternational sales of arms and military services grew again in 2016 after five years of consecutive decline, according to new data by the Stockholm International Peace Research Institute (SIPRI). The world’s 100 largest armaments firms posted total sales of $374.8 billion in 2016, 1.9 percent higher than in 2015, the research institute said Monday. SIPRI […]
Read moreBitcoin’s runaway rally could accelerate next year as the cryptocurrency continues to gain wider acceptance, a trader said Monday. “I wouldn’t be surprised to see a six figure headline,” said Dave Chapman, Managing Director of cryptocurrency trading firm Octagon Strategy, who sees the price of bitcoin exceeding $100,000 before the end of 2018. The digital […]
Read moreChina’s EHang, which is developing a passenger drone, claims it will become profitable within the next two years, its co-founder told CNBC. EHang drew worldwide attention last year at the Consumer Electronics Show in Las Vegas, where it showcased a drone that has the capacity to carry a human passenger over short-to-medium distances. The electricity-powered […]
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