The bitcoin craze could pose a real risk to the broader market next year, according to Deutsche Bank. Torsten Slok, the firm’s chief international economist, sent to clients a list of significant risks to the market in 2018. Included on that list: A crash in the price of bitcoin, higher inflation and the threat of […]
Read moreYou might say Jesus Noland is living out a young gamer’s dream. He grew up with a love of computers and video games and at 30, has found a way to channel that passion into a career as a developer in virtual and augmented reality. “The best thing about working in this field is being […]
Read moreAlphabet‘s YouTube plans to introduce a paid music streaming service in March, Bloomberg reported on Thursday, citing people familiar with the matter. Record label Warner Music Group has already signed on while Sony Music Entertainment, Universal Music Group, and Merlin, a consortium of independent labels, are in talks with the video streaming website, Bloomberg said. […]
Read moreUber’s licence to operate in the northern English city of Sheffield was suspended last Friday after it failed to respond to requests about the management of its taxi app, the local authority said. The firm can continue to operate until Dec. 18 and if it chooses to appeal the suspension, it can still run until […]
Read moreOne of the biggest fears about the tax overhaul bill in Congress already is showing signs of coming to fruition. Critics of the Republican-sponsored plan say that a provision allowing companies to bring profits stored overseas back home at a one-time reduced tax rate wouldn’t foster economic growth. Instead, they argue, companies will use the […]
Read moreJPMorgan Chase & Co expects to offer more price discounts to its banking customers who buy multiple products, similar to the way Amazon.com gives extras to its Prime subscribers, chief executive Jamie Dimon said on Thursday. “You are going to see more relationship pricing,” Dimon said on a Wells Fargo & Co webcast for its […]
Read moreBitcoin exchange Coinbase briefly flew to the top spot on Apple’s U.S. app store after the cryptocurrency skyrocketed in price Thursday. The red hot digital currency surged to a record $19,000 on the online broker’s site, before dipping 15 percent to $16,025 at about 4 a.m. ET Friday. Coinbase was ranked the most popular app […]
Read moreBitcoin investors could learn a valuable lesson from the Dutch tulip bulb mania of the 1630s, according to a global banking regulator. When asked whether cryptocurrencies, such as bitcoin, had ignited any financial stability concerns, Stefan Ingves, chairman of global regulators at the Basel Committee and governor of Sweden’s Riksbank, told CNBC: “I think it’s […]
Read moreCurrency, United States Finance
Currency markets in Europe fluctuated on Friday morning after the U.K. made “sufficient progress” in its Brexit negotiations, with experts split on where sterling could trade in the coming months. Sterling initially dipped on the Brexit announcement made from Brussels after jumping to 1.3514 against the dollar just prior to the announcement by European Commission […]
Read moreU.K. and European negotiators finally agreed on three key issues that were blocking Brexit talks, paving the way for the next phase of discussion between the two sides. “We have now made the breakthrough we needed,” European Commission President Jean-Claude Juncker told reporters in Brussels on Friday morning. After six months of intense talks, a […]
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