This year could mark a comeback for commodities, with oil potentially hitting $80 per barrel, a portfolio manager said on Wednesday. Restrained production among major oil producers and the “greater impetus” to maintain stability ahead of the widely-anticipated initial public offering of Saudi Aramco will support prices further this year, said Yoon Chou Chong, head […]
Read moreSouth Korean President Moon Jae-In has stirred up a decades-old dispute with Japan, a move that risks disrupting the international effort to contain North Korea. For years, Seoul and Tokyo have been at loggerheads over the matter of comfort women — the thousands of girls and women, many of them Korean, who were forced to […]
Read moreTencent Holdings’ WeChat, China’s most popular messenger app, on Tuesday denied storing users’ chat histories, after a top businessman was quoted in media reports as saying he believed Tencent was monitoring everyone’s account. “WeChat does not store any users’ chat history. That is only stored in users’ mobiles, computers and other terminals,” WeChat said in […]
Read moreWall Street began the year on a strong note and the dollar slumped ahead of Asia’s Wednesday trading day. Markets stateside closed with gains in the first trading session of the new year as technology names moved higher. Both the S&P 500 and Nasdaq composite hit closing highs, with the latter closing above the 7,000 […]
Read moreAs the first trading day of 2018 wrapped up on a rosy note for the averages, CNBC’s Jim Cramer noticed a hint of discord in the market layout. “I swear people are bored with what’s going on with stocks,” the “Mad Money” host said. “Either they don’t want to say anything good about the market […]
Read moreE-Trade Financial has opened trading in CME bitcoin futures for customers beginning at 6 p.m. ET on Tuesday, according to its website. It is the latest online brokerage to expand trading in the relatively new products. Futures exchanges Cboe and CME began offering bitcoin futures in mid-December after a wild run-up in the price of […]
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If you thought bitcoin was hot, maybe you should learn about ripple. It’s another crytocurrency that’s been rocketing in popularity lately. While it was trading at around $0.20 a few months ago, it’s now worth more than $2.25 per coin. Ripple is a little different than many other popular cryptocurrencies because it was created by […]
Read moreShares of MoneyGram tumbled Tuesday after the U.S. government failed to approve a multimillion-dollar merger with Ant Financial, an affiliate of Alibaba. Ant Financial will pay a $30 million termination fee for the breakup of the deal, in which Ant Financial agreed to buy MoneyGram for $18 a share. MoneyGram shares were trading at around […]
Read moreSnapchat wanted its New Year’s Eve party to be so exclusive that it banned photos and blocked all snaps coming from the venue, according to The Daily Beast. Unfortunately for the company, the strict “no photos” regulation reportedly led the partygoers to turn to rival Instagram to document their experiences. Snap CEO Evan Spiegel personally […]
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Japan‘s bitcoin craze could help the country’s economic growth, research analysts at Nomura Instinet said. “We estimate the wealth effect from unrealized gains on Bitcoin trading by Japanese investors since the start of [2017], and estimate a potential boost to consumer spending of ¥23.2 billion to ¥96.0 billion” ($206.7 million to $855.4 million), Japan economics […]
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