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News & Updates

June 12, 2018 Interest rates are about to rise again

Source: CNN

The economy has started to roar: The unemployment rate is 3.8%, tied for the lowest since 1969. Wages are rising faster. And inflation has finally risen to the level the Fed considers healthy.

June 11, 2018 Swiss voters reject campaign to radically alter banking system

Source: Reuters

A radical plan to transform Switzerland’s financial landscape by barring commercial banks from electronically creating money when they lend was resoundingly rejected by Swiss voters on Sunday.

June 11, 2018 Kia recalls 500,000 vehicles in the US due to airbag glitch

Source: Engadet

Kia has issued a recall for 507,000 vehicles in the US, and those who get a notice may want to make sure they comply with its request. The automaker said those vehicles' airbag control units may be susceptible to an electronic...

June 11, 2018 New Italian economy minister vows to stay in euro, cut debt level

Source: CNBC

Italy's government has no intention of leaving the euro and plans to focus on cutting debt levels, looking to boost growth through investment and structural reforms rather than deficit spending, the new economy minister said.

June 11, 2018 UK to force big companies to publish worker to boss pay gap

Source: Reuters

LONDON - Britain’s biggest companies will from 2020 be legally required to publish the gap between the salary of their chief executive and what they pay their average UK worker, under proposed new government rules.

June 11, 2018 Korean crypto exchange Coinrail loses over $40M in tokens following a hack

Source: Tech Crunch

Another day, another crypto hack. This time it’s Korea, the crypto-mad Asian country, where an exchange called Coinrail lost more than $40 million in altcoins, ICO-issued tokens that aren’t bitcoin or Ethereum, after it was hit...

June 11, 2018 G7 summit: War of words erupts between US and key allies

Source: BBC

A war of words has erupted between the US and its G7 allies, hours after the group had put on a show of unity at the end of a tense summit.

June 11, 2018 Deal Makers Brace for Ruling in AT&T-Time Warner Case

Source: NY Times

The path for these blockbuster deals and others could be transformed in an instant on Tuesday, when a federal judge is expected to issue his opinion on the government’s effort to block AT&T’s merger with Time Warner. It is one of...

June 11, 2018 The Fed has a surprise in store that could mean an early end to interest rate hikes

Source: CNBC

Along with the quarter-point increase in the Fed's benchmark short-term target, the policymaking Federal Open Market Committee is likely to announce another change that would signal an early exit from its history-making program...

June 11, 2018 Brexit is even messier than critics expected. So what happens now?

Source: NBC News

With only months to go until Britain leaves the European Union, Prime Minister Theresa May faces a showdown with critics in parliament on Tuesday.

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