An unidentified man held up a sign saying “buy bitcoin” during Fed Chair Janet Yellen‘s testimony Wednesday before the House Financial Services Committee. Bitcoin subsequently climbed toward session highs and traded 3.5 percent higher, at $2,415, as of 1:03 p.m. ET, according to CoinDesk. Yellen was speaking during the first round of the Fed’s semi-annual […]
Read moreFacebook CEO Mark Zuckerberg pledged his support for net neutrality protections on Wednesday, offering to work with members of Congress on the law. “If a service provider can block you from seeing certain content or can make you pay extra for it, that hurts all of us and we should have rules against it,” Zuckerberg […]
Read moreAdvancements in technology and globalization are chipping away at America’s middle class, Federal Reserve Chair Janet Yellen said Wednesday. In an appearance before the House Financial Services Committee, Yellen said if the U.S. looks at the flight of jobs and wages from middle-class families, it must take into account how automation has eliminated several lower-skilled […]
Read moreDespite a recent HR crisis and looming trial with Alphabet, Uber’s business improved so far this year, according to a report Bloomberg. The preview of Uber’s second-quarter results, shared on a conference call with investors, indicate that Uber is collecting more money in fares and is narrowing losses, people familiar the matter told Bloomberg. Q2 […]
Read moreWhen Apple introduced iOS 11, it didn’t mention a broadcast feature that just popped up in a new beta of the software that’s bound for iPhones and iPads this September. It did, however, note that users will be able to record their screens — useful for folks who like to share tips and tricks on […]
Read moreThe bond market’s rally picked up steam when Fed Chair Janet Yellen’s testimony was taken to mean the central bank won’t be hiking rates all that much. The gains started Tuesday with the surprise release of Donald Trump Jr.’s emails on his meeting with a Russian lawyer that suggested the Russian government supported his father’s […]
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The expectation that the White House will enact tariffs on steel imports has options traders bullish in the short-term. “Notably the last time tariffs were placed on imported steel by President Bush in 2002 … stocks responded negatively,” MKM Partners wrote in a note. “Options activity across steel stocks has been universally bullish ahead of […]
Read moreMany retirees discover that saving for their golden years was the easy part. The challenge is making sure their spending rate avoids depleting their nest egg. A growing movement in the mutual fund world is working on solutions for that conundrum. While just a handful of so-called retirement income funds are currently available, financial advisors […]
Read moreThe Amazon Echo Dot was the most sold product during Amazon Prime Day, the company said Wednesday. Amazon said that total revenue increased more than 60 percent from last year, making it the most successful Prime Day to date. The Echo Dot helped it achieve that milestone. The discounted Echo Dot outsold thousands of items […]
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CONGRESS is sick and tired of unfair competition to America’s airlines from the three big Gulf carriers, Emirates, Etihad and Qatar Airways. So on June 28th, 17 representatives from the state of Illinois wrote a letter to the secretaries of State, Transportation and Commerce complaining about the subsidies these airlines receive from the United Arab […]
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