Search Results for: dollar
Oil prices edge up on Iran tensions, but rising U.S. drilling caps gains
February 6th, 2017
Oil prices rose on Monday, with traders shifting money into crude futures as the dollar weakened, and on concerns that new U.S. sanctions against Iran could be extended to affect crude supplies. But markets were held back by more ...
Royal Bank of Scotland to Pay $85 Million Penalty
February 6th, 2017
CFTC Orders The Royal Bank of Scotland to Pay $85 Million Penalty for Attempted Manipulation of U.S. Dollar ISDAFIX Benchmark Swap Rates In Total, the CFTC Has Imposed $570 Million in Penalties for Attempted Manipulation of ISDAFIX Benchmark The ...
Price controls and propaganda
February 5th, 2017
Most economists agree on one thing; price controls do not work. Many go on to say they create shortages of goods, which inevitably drives black market prices even higher than they would otherwise be. Price controls were last tried ...
Visa reports net income of $2.1 billion for Q1 2017
February 3rd, 2017
GAAP net income of $2.1 billion or $0.86 per share, an increase of 7% and 7%, respectively Adjusted net income and earnings per share growth of 23% and 23%, respectively Net operating revenue of $4.5 billion, an increase of ...
Yen fell as the central bank moved to reassert control over rising yields
February 3rd, 2017
Shanghai shares slip as trading resumes after holiday Focus turns to U.S. jobs as investors seek clues on economy Japanese government bonds swung and the yen fell as the central bank moved to reassert control over rising yields, while ...
Bitfinex’s ‘Hack Credit’ Token Reaches All-Time Price High
February 2nd, 2017
Investors who lost bitcoin in Bitfinex’s high-profile August hack may be feeling more optimistic about the likelihood of recovering their funds. The price of BFX tokens – the digital assets the exchange issued as a way to provide a ‘notional credit’ to users who ...
Virtual reality lawsuit costs Facebook $500m
February 2nd, 2017
Facebook-owned virtual reality company Oculus has been ordered to pay out half a billion dollars to rival games company ZeniMax. The lawsuit between Oculus and ZeniMax centred on allegations that Oculus chief executive officer Palmer Luckey had violated a ...
The honeymoon is over: Wall Street is finally taking Trump literally
February 2nd, 2017
By itself, the 230-point drop in the Dow Jones Industrial Average DJIA, -0.16% this week wasn’t earth shattering: 1% gains and losses happen all the time. But the clattering sound accompanying it wasn’t hard to diagnose: It was the ...
IBM gives Watson a new challenge: Your tax return
February 2nd, 2017
In its first steps toward commercialization, IBM’s Watson took on grand, science-laden challenges like helping doctors diagnose cancer. But that is changing as IBM strives to build its artificial intelligence technology into a multibillion-dollar business. Today, companies including Geico, ...
Pound to Euro Exchange Rate: February Should be an Up-Month
February 2nd, 2017
Pound Sterling trades back above 1.17 against the Euro ahead of the all-important Bank of England event due at mid-day on Thursday, January 2. We saw GBP/EUR jump notably on the first day of what we believe could well ...
