President Donald Trump and House Speaker Paul Ryan accused Democrats on Thursday of hoping to shut down the government to distract from Republicans’ passage of the first major tax overhaul in decades. Congress faces a midnight Friday deadline for a funding agreement to avert a government shutdown. In a tweet, Trump said Democrats “want a […]
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In a move that caused double takes on Wall Street trading floors and prompted comments on Twitter about how this must be the top of bitcoin mania, a little known micro-cap stock called Long Island Iced Tea Corp said Thursday it’s now “Long Blockchain Corp,” and its stock leaped more than 200 percent at the […]
Read moreCall it the SoftBank Effect. According to sources close to the situation, the high-profile venture capital firm Sequoia Capital is in the early of raising a third global growth fund that could range from $5 billion to $6 billion. Sources said a numbers of other funds in Silicon Valley are also considering fundraises of this […]
Read moreGoogle is famous for its “20 percent time,” whereby staffers are allowed to spend the equivalent of one workday a week on passion projects that they believe will benefit the company. The idea is that creativity and innovation happen when people are allowed to experiment. Things like Gmail and Chromebooks have resulted, according to a […]
Read moreSomeone just bet that bitcoin will top $50,000 next year. Online records from New York-based digital currency-trading platform LedgerX showed 275 call options expiring Dec. 28, 2018, were bought in Wednesday’s trading session at a volume-weighted average price of $3,600. At that price, roughly $1 million was spent on the bet. The trade gives the […]
Read moreFacing a midnight Friday deadline, the House is expected to vote Thursday on a short-term spending bill to fund the government through Jan. 19. The bill unveiled Thursday morning contains $2.85 billion for the popular Children’s Health Insurance Program and $750 million for diabetes programs and community health centers. The bill also extends the foreign […]
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Here are a few things you might not know about bitcoin, the cryptocurrency that has captivated the financial world after skyrocketing about 2,000 percent in a year to more than $19,000 per coin at one point. The computer process that generates each coin is said to be on pace to require more energy than the […]
Read moreFacebook has announced it will no longer use Disputed Flags to identify false news. Starting from today, the company will use its Related Articles tool instead to combat misinformation in the News Feed, which it says gives people more context about the story, with the added benefit of reducing the frequency a hoax article is […]
Read moreArt Cashin's outlook for 2018: China, the Fed and bitcoin among his biggest worries for the new year
UBS’ Art Cashin joined me at the bar at Bobby Van’s Steakhouse across the street from the New York Stock Exchange for our 10th annual look at the year ahead, and the year that was. Art’s two biggest worries for 2018 are: China could interrupt the synchronized global growth story by aggressively cracking down on […]
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IS THERE any other time of year when good intentions and materialism converge so tightly? The caring, the artistic and the diligent spend their days before Christmas wrapping gifts. Whatever lies inside, their love for the recipients will also be expressed through paper, tape, bows and ribbon. Then it all goes horribly wrong. New research* […]
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