Search Results for: assets
Bitcoin hits a record high, but can it rival gold as a safe haven?
January 5th, 2017
With economic and geopolitical risks on the rise, bitcoin boosters are championing the ability of their crypto-currency, which hit an all-time high this week, to rival gold as a safe-haven play. “When the existing money system has problems, people ...
U.S. Stocks Halt 3-Day Drop as Dollar, Gold Climb: Markets Wrap
January 4th, 2017
Crude slides from 18-month high amid doubts on OPEC cuts Warnings, optimistic calls vie for investor attention U.S. stocks rose with the dollar as economic data bolstered confidence that the American economy is poised to accelerate. Gold rose and ...
Legal Sparring Continues in Bitcoin User’s Battle with IRS Tax Sweep
January 3rd, 2017
In a strange twist, Coindesk reports that the IRS has, somewhat indirectly, removed one target from its broad request for data about U.S. users of the Bitcoin exchange Coinbase. It no longer wants data about Jeffrey Berns, a lawyer ...
Dollar Retreats, While Stocks Advance With Crude: Markets Wrap
January 3rd, 2017
Most markets are trading for the first time in 2017 on Tuesday European equities climbed Monday on manufacturing strength Asian stocks advanced and crude oil climbed on the first full trading day of the New Year as a private ...
Euro Climbs Along With Oil as Japan Stocks Decline: Markets Wrap
December 30th, 2016
European currency spiked as much as 1.6% versus greenback Crude climbed after first daily decline in nine days The euro spiked higher as the dollar weakened for a second day and oil advanced in thin end-of-year trading. Japan’s Topix ...
These currencies got crushed in 2016
December 29th, 2016
A few countries have fared well, but others have seen the value of their currencies fall dramatically. Here’s a list of the currencies that have been rocked hardest in 2016: Egyptian pound: -59% Egypt took the radical decision to ...
Bitcoin Ends 2016 as the Top Currency as It Nears $1,000
December 29th, 2016
Raise your hand if you saw this coming: Bitcoin not only bounced back from its 2015 doldrums, but went on a tear that saw it climb around 120% from the start of the year. As of Wednesday afternoon, the ...
Gold prices rose on Wednesday
December 28th, 2016
Gold prices rose on Wednesday, extending gains after it hit a near two-week high in the previous session, on a technically-driven rebound in thin volume amid a slightly weaker dollar. Spot gold was up half a percent at $1,143.98 ...
Law Firms’ Accounts Pose Money-Laundering Risk
December 27th, 2016
Law Firms’ Accounts Pose Money-Laundering Risk Hundreds of millions of dollars allegedly siphoned from Malaysian state fund 1MDB passed through firms’ pooled accounts in U.S., prosecutors say Tens of billions of dollars every year move through opaque law-firm bank ...
Toshiba may book loss of several hundreds of billion yen; stock tumbles 12 percent
December 27th, 2016
Toshiba Corp (6502.T) said it may book a goodwill impairment loss of several hundreds of billion yen on a U.S. nuclear power acquisition – a shock warning that sent it stock tumbling 12 percent and rekindled concerns about its ...
