Posts From Mark Cooper
Fidelity Investments is launching a new company for institutional clients that will trade and store cryptocurrency assets such as bitcoin and ethereum, the mutual-fund company announced Monday. The new company, named Fidelity Digital Asset Services, will not set up an
MUMBAI (Reuters) – India’s crude oil imports in September touched $ 10.91 billion, up 33.6 percent from a year ago, Indian government data showed on Monday. Shipments of gold to India, the world’s second-biggest buyer of bullion, rose 51.5 percent
Why Someone Put a Giant, Inflatable Bitcoin Rat on Wall Street, Facing the Federal Reserve Bank
Bitcoin was created in part out of a distrust of centralized authorities like the Federal Reserve. Now a symbol of the cryptocurrency’s growing threat to the Fed stands on Wall Street: a giant, inflatable rat covered in crypto code. The
For most of the past two years, stock investors might as well have been living inside a Ronco infomercial, where “set it and forget it” was the byword. Adding money each month to an ETF or two was usually as
Short-sellers are good for markets
IT IS a stressful time to be an investor in Tesla. On September 29th shares in the electric-car manufacturer soared by 17% after its boss, Elon Musk, settled fraud charges with America’s Securities and Exchange Commission (SEC). Just days later,
WASHINGTON (Reuters) – The U.S. ambassador to the United Nations, Nikki Haley, is resigning “to take a little time off,” President Donald Trump said on Tuesday, as she became the latest in a long line of high-profile departures from the
NUSA DUA, Indonesia (Reuters) – The International Monetary Fund on Tuesday cut its global economic growth forecasts for 2018 and 2019, saying that the U.S-China trade war was taking a toll and emerging markets were struggling with tighter liquidity and
SAN FRANCISCO (Reuters) – Facebook Inc (FB.O) on Monday released a smart speaker designed to ease video calls, but the company’s history of privacy mishaps and the device’s price and limited functionality could slow it from taking on market leaders
U.S. stock indexes may be near record highs, but concerns about rising interest rates and growing trade tensions led the benchmark S&P 500 index to post its worst week in a month. The S&P 500 closed the week down about
RUDI DORNBUSCH, a renowned economist who died in 2002, said there were two sorts of currency crisis. The pre-1990s kind is slow. It starts with an overvalued exchange rate, which gives rise to a trade deficit. Foreign-exchange reserves are gradually