Despite calls that bitcoin would rally throughout New York City’s “Blockchain Week,” the cryptocurrency’s price has dropped about 10 percent since the festivities kicked off. Bitcoin fell below $8,000 as the conferences wrapped up Friday, hitting a low of $7,931.43 after trading above $8,800 Monday, according to CoinDesk. “Many repeat attendees commented that the panels […]
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GULLIVER’S regular readers might be interested in an article in this week’s print edition about Boeing’s partial victory in a case at the World Trade Organisation, brought in retaliation for subsidies that the European Union is alleged to have given Airbus, its European planemaking rival. On May 15th the WTO’s final appeals body upheld parts […]
Read moreGoldman Sachs warns that investors are starting to cool on commodities and could miss out on further gains for the year’s best-performing asset class. Earlier this week, the bank raised its outlook for its commodities index, which tracks assets like crude oil and copper. It now thinks the Goldman Sachs Commodities Index will return 8 […]
Read moreA training exercise involving U.S. B-52 bombers flying alongside South Korean warplanes was canceled following threats that Pyongyang would withdraw from a highly anticipated summit with President Donald Trump next month, The Wall Street Journal reported, citing U.S. officials. According to the report, the officials said South Korea had asked to not participate in an […]
Read moreDutch semiconductor company NXP is jumping on a report that its proposed deal with U.S. chip giant Qualcomm is “looking more optimistic.” Shares jumped roughly 4 percent on the update, attributed to an anonymous Beijing official and included in a WSJ report about broader U.S.-China trade talks. The proposed merger has been waiting for months […]
Read moreSAN FRANCISCO – Love your electronic devices all you want, but please, please, please don’t throw them in the trash when you’re done with them. That’s a plea from makers of the lithium-ion batteries that typically power our phones, laptops and even power tools. Thrown into the trash or even the recycling bin, they can […]
Read moreCurrency, United States Finance
Israel keeps Gazans ‘caged in a toxic slum,’ UN human rights chief says
The United Nations‘ human rights chief issued a scathing critique of Israel’s policy toward Gaza on Friday. “They are, in essence, caged in a toxic slum from birth to death,” Zeid Ra’ad al-Hussein, the UN’s High Commissioner for Human Rights, said of the Palestinians living in Gaza during a special session of the UN’s Human […]
Read moreNetflix will be able to generate strong membership growth for many years, according to Bank of America Merrill Lynch. The firm reiterated its buy rating for Netflix shares, citing the rising number of broadband internet users in international markets. “We believe Netflix still has a considerable opportunity ahead if it can achieve reasonable penetration levels […]
Read moreShares of Applied Materials fell sharply Friday after the company lowered its current-quarter revenue and sales projections in its semiconductor business below Wall Street expectations. Applied Materials, which makes equipment used to produce chips, saw its stock fall more than 9.5 percent Friday morning, on track for its worst day since February 2009. As one […]
Read moreJust over a month ago, the ARK Innovation ETF (ARKK) took home ETF.com’s “ETF Of The Year” award for delivering on its purpose of serving up access to disruptive technology in 2017, and doing so really well. Crucial to that recognition was its unique allocation to bitcoin. For much of the fund’s history, that allocation […]
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