Ray Dalio’s Bridgewater Associates has the biggest cumulative net profit for a hedge fund firm ever, according to data from LCH Investments. Dalio’s firm led the list with a nearly $50 billion gain for its investors since inception through 2017, adding a $300 million profit in 2017 despite mediocre percentage returns. Bridgewater’s Pure Alpha fund […]
Read moreNorth Korea shipped coal to Russia last year which was then delivered to South Korea and Japan in a likely violation of U.N. sanctions, three Western European intelligence sources said. The U.N. Security Council banned North Korean exports of coal last Aug. 5 under sanctions intended to cut off an important source of the foreign […]
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The cryptocurrency craze is finally flowing into the exchange-traded funds business. Investors poured about $240 million into two blockchain-focused ETFs since their launch last week, according to the latest available data from FactSet. Blockchain is the technology behind bitcoin and other cryptocurrencies. The surge of interest came even as bitcoin, the largest digital currency by […]
Read moreIf you invested $1,000 in Amazon or Apple 10 years ago, that investment would have seriously paid off. According to personal finance website DQYDJ, an initial $1,000 investment in those companies in 2008 would be worth $16,239 and $8,587, respectively, as of January 16. If you invested $1,000 in Google in the same time frame, […]
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The Bank of Japan's governor says inflation is finally close to target
Japan’s central bank governor said Friday that the country’s economy is finally close to its target inflation rate of around 2 percent. Speaking at the World Economic Forum (WEF) in Davos, Switzerland, Haruhiko Kuroda said growth in the country is now recognized as the second biggest boom in the post-World War II era. Japan’s unemployment […]
Read moreThe Grammy Awards on Sunday will feature top stars like Lady Gaga and Bruno Mars. But on “Music’s biggest night” viewers should be reminded of just how difficult it has become for less popular artists to make a living in the digital age. Streaming services that we all use like Spotify and Apple Music offer […]
Read morePresident Donald Trump just made a case for “worldwide trickle down” economics during his Friday speech at the World Economic Forum, said CNBC’s Jim Cramer. “Davos is a conversation about how to get the poor to be rich,” Cramer said on “Squawk on the Street,” shortly after the president’s “America First” speech in Davos, Switzerland. […]
Read moreLiza Landsman, president of the Jet.com e-commerce site that Walmart acquired for $3 billion in late 2016, is leaving the company just a little more than a year after she was elevated to her current role, multiple sources told Recode. Landsman first joined Jet.com in March of 2015 in the role of chief customer officer, […]
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Nobel Prize-winning economist Robert Shiller thinks bitcoin is an ‘interesting experiment’
Bitcoin has “gone viral as a currency” and its price instability is a concern, economist Robert Shiller said Thursday. Speaking at the World Economic Forum (WEF) in Davos, Switzerland, Shiller compared the cryptocurrency to other attempts to “change” currency. Referring to concepts like the Unidad de Fomento — a Chilean unit of account that is […]
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“Even without testosterone, we can produce positive, constructive energy,” the Managing Director of the International Monetary Fund Christine Lagarde said in Davos. Lagarde was one of seven female co-chairs at this year’s forum, drawing attention for women’s rights, including equality in the workplace. Source: cnbc Who said what at Davos 2018
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