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News & Updates
February 6, 2018 Asia's Wealth Gap Is Among The Largest In The World: What Can Leaders Do To Fix It?Source: Forbes
In recent decades, Asia has become a region of extremes: China is now home to two companies (Alibaba and Tencent) which, between them, are valued at more than $1 trillion; while four of the world’s five most expensive cities are...
February 6, 2018 U.S. regulators to back more oversight of virtual currenciesSource: Reuters
WASHINGTON - Digital currencies such as bitcoin demand increased oversight and may require a new federal regulatory framework, the top U.S. markets regulators will tell lawmakers at a congressional hearing on Tuesday.
U.S. stocks faced renewed selling pressure Monday, after suffering their biggest single-session declines in more than a year on Friday.
In a rare move, the Federal Reserve announced Friday that it is restricting Wells Fargo’s growth and demanding the replacement of four board members in response to “widespread consumer abuses and compliance breakdowns” at the...
February 5, 2018 Bitcoin, the virtual currency, has become a massive energy hogSource: PRI
Bitcoin has become the world’s premier virtual currency, and although it exists only online, it runs up enormous energy costs in the real world.
February 5, 2018 Janet Yellen: The exit interviewSource: CBS News
"It is a bittersweet moment, because I really love this job. It has been the central focus of my life. You know, I enjoy time with my family outside of work. But the work I do here is the core of my existence, and it's been my...
February 5, 2018 AP Explains: The EU single market and the customs unionSource: Miami Herald
LONDON The British government is divided over whether to stay in a customs union with the rest of the European Union after Brexit, with the prime minister backing a plan to leave.
February 5, 2018 JPMorgan Chase, Bank of America & Citi bar people from buying bitcoin with a credit cardSource: CNBC
J.P. Morgan Chase, Bank of America and Citigroup said Friday they are no longer allowing customers to buy cryptocurrencies using credit cards.
February 5, 2018 The Powell era at the Fed seems sure to face some turbulenceSource: Washington Post
WASHINGTON — When Jerome Powell is sworn in Monday as the new chairman of the Federal Reserve, the pride of the moment may be tempered by Powell’s recognition of the risks that lie ahead.
February 2, 2018 Apple iPhone sales miss, but profit still breaks record anywaySource: CNET
Just how well the iPhone X performed remains a mystery, but one thing's for sure: Apple sold boatloads of iPhones. But apparently, not enough boats.
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