Digital currencies issued by central banks will make transactions more efficient while cryptocurrencies serve as a vehicle for illicit activity, economist Barry Eichengreen told CNBC Monday. Asked whether he thought cryptocurrencies like bitcoin and ether would play a major role in the economy, he said: “Not really.” “I think there is a role for central […]
Read moreAs the economy and wages improved in 2017, first-time homebuyers were finally moving back into the market — until that turned around again. Sky-high home prices and few low-priced listings took their toll on these buyers yet again. For those who did buy, they had to pony up and pay more money for less house. […]
Read moreJapan, the world’s third-largest economy, may finally have put its deflationary past behind. Mired in malaise for more than three decades, the Japanese economy is showing signs that stimulus and reform policies under Prime Minister Shinzo Abe — known as Abenomics — are kicking in. Gross domestic product expanded for six straight quarters through June, […]
Read moreApple component suppliers have witnessed a surge in their stock price after the tech giant claimed pre-orders for the 10th anniversary iPhone X were “off the charts.” Shortly after the open of European trade Monday, Anglo-German chipmaker Dialog Semiconductor was top of Europe’s Stoxx 600 index, rising 6.5 percent. Another strong performer was Franco-Italian chipmaker […]
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The Gear Sport supports Spotify — that’s something the Apple Watch doesn’t do — so you can quickly fire up a playlist and jump in to any number of workouts that are preloaded on the phone. I’d been working on “Baby steps to 5K” during my review, which is slowly getting me in shape to […]
Read moreLeading Chinese financial institutions are slowly increasing their physical footprint in Silicon Valley, mirroring the moves made by Middle Eastern investors in recent years as foreign countries look to capitalize on the U.S. tech boom. The two central players at this point: The China Investment Corporation, or CIC, a sovereign wealth fund which manages over […]
Read moreAn online investment platform that allows Chinese investors to access a number of “alternative” U.S. investments officially launched Monday. Financial technology firm MarketX lets upper-middle class and institution Chinese investors to invest in tech firms that have not yet issued shares to the general public. These include such notable names as ride-hailing giant Lyft, music […]
Read moreAmazon cemented its long-term interest in the grocery industry when it spent nearly $14 billion to acquire Whole Foods earlier this year. Now it’s making a subtler move aimed at improving its own grocery selection online. Amazon recently told businesses that sell non-perishable grocery items on Amazon.com that it was lowering the fee it charges […]
Read moreAMD will face demand problems for its graphics processors next year in two key markets, according to one top Wall Street firm. Morgan Stanley reduced its rating for AMD shares to underweight from equal-weight, predicting cryptocurrency mining and gaming console demand for its graphics chip business will falter in 2018. The company’s shares are down […]
Read moreCheck out which companies are making headlines before the bell: Lennar – The home builder bought rival CalAtlantic Group in a stock swap deal valued at $5.7 billion, excluding assumed debt. The combination creates the largest home builder in the U.S. as measured by both revenue and market capitalization. Apple – Apple is on watch […]
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