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News & Updates
August 9, 2016 Wall Street takes tiny step back from record highsSource: Reuters
Wall Street receded from record highs on Monday as a drop in healthcare stocks offset gains caused by higher oil prices and a strong jobs report
August 9, 2016 Warren Buffett Just Unloaded $195 Million Worth of These 'Weapons of Mass Destruction'Source: Fortune
The Oracle of Omaha is taking his own advice when it comes to derivatives, after being scalded by the complex financial instrument in 2008.
NEW YORK – Chevron Corp persuaded a federal appeals court on Monday to block enforcement in the United States of an $8.65 billion Ecuadorean pollution judgment that it said, and which the court agreed, was obtained through...
August 9, 2016 China Isn't a Threat to World OrderSource: Bloomberg View
A bit of China-bashing is inevitable in any U.S. election year. Over the past month, though, after China roundly dismissed an arbitration ruling that rejected its claims in the South China Sea, a chorus of voices has angrily...
August 9, 2016 Forget the blame games – Brexit is a chance to fix EuropeSource: ft.com
Many are still calling for a firm hand to be used against the UK — which is naive since Britain represents a significant proportion of EU gross domestic product and it will continue to be a leading trading partner and staunch...
August 8, 2016 Theft And Mayhem In The Bitcoin WorldSource: Forbes
The schadenfreude of Bitcoin enthusiasts over Ethereum’s recent troubles ended abruptly last week. A major Bitcoin exchange, Bitfinex, was hacked and nearly 120,000 BTC (around $60m) was stolen. The price of Bitcoin promptly...
August 8, 2016 Crude Oil Approached The Moment Of TruthSource: Seeking Alpha
I have been writing that oil product prices have been telling us that the path of least resistance for crude oil prices has been lower. Last week, crude oil cracked the $40 per barrel level as it heads towards its support at...
Come 2017, thousands of New York's Obamacare users will wake up to double-digit premium hikes, the latest group of consumers affected by Affordable Care Act cost increases as insurers hemorrhage money from healthcare exchanges.
China’s foreign currency reserves have fallen slightly in the latest figures. Which might be showing that the country is still a currency manipulator as charged by Donald Trump and others even if a little bit less of one. Sadly...
August 5, 2016 Gold inches up on weaker dollar ahead of US jobs dataSource: Reuters
Gold edged higher on Friday on a lower dollar as investors waited for cues on the Federal Reserve's next policy move from a pivotal monthly U.S. labour report due later in the day
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