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News

Bitcoin Investing Is Creating Giant Tax Headaches for Hedge Funds

August 13, 2018

Via: Fortune

Dozens of hedge funds investing billions of dollars in cryptocurrencies don’t know if they’re calculating their taxes correctly, which may be a problem now that U.S. authorities have said they’re going to be scrutinizing virtual currencies. Just like individual taxpayers, […]


News

The Trump Administration Just Announced Tariffs on $16 Billion in Chinese Imports. Here’s What’s New

August 8, 2018

Via: Fortune

The Trump administration just announced tariffs on another $16 billion in Chinese imports to the U.S. This latest round makes good on the president’s promise in June to impose a 25% tariff on $50 billion in Chinese goods. An earlier […]


News, Uncategorized

Facebook shares dive 19%, shedding $120 billion in market capitalization

July 26, 2018

Via: USA TODAY

SAN FRANCISCO — Facebook shares dove 19 percent Thursday, with the social networking giant shedding about $120 billion in market value after the company warned of slowing sales growth. The decline marked Facebook’s largest stock market decline ever, eclipsing a […]


News, Uncategorized

How the US economy is doing now in four charts

July 25, 2018

Via: CNN

On Friday, his prediction might come true — albeit briefly. Economists are projecting the gross domestic product will have grown between 4.1% and a whopping 4.9% when the second quarter estimate is released, up from 2% in the first quarter. […]


News

Stocks are breaking out and look set for new highs, says this chart

July 23, 2018

Via: Market Watch

The stock market is kicking off this earnings-heavy week by sizing up President Trump and Iran’s war of words, as trade tensions also stay in the mix. Our bullish chart of the day basically says get ready for new highs […]


News

North Korea’s economy just had its worst year in two decades

July 20, 2018

Via: CNN

North Korea’s economy has shifted into reverse following the introduction of crippling international sanctions targeting its nuclear weapons program. Estimates released by South Korea’s central bank show that North Korea’s economy shrank by 3.5% in 2017. This year is likely […]


News

How France’s World Cup Victory Will Affect the Country’s Economy and Political Climate

July 16, 2018

Via: Fortune

After the final whistle blew in Moscow, France officially secured its first World Cup victory in two decades. The team’s 4-2 triumph over Croatia incited a restoration of national pride for a country that in recent years has been riddled […]


Finance Tech, News, Trading

China’s Economy Is Slowing as the Trade War Takes Off, and Investors Are Worried

July 16, 2018

Via: Fortune

Confirmation that China’s economy is slowing amid an escalating trade war is a worrying omen for global growth. Data released since Friday has affirmed what’s been expected for some time: That an ongoing campaign to curtail credit is putting the […]


News

Trump Just Announced Tariffs on $200 Billion More Chinese Goods. Here’s What’s Different About This Round

July 11, 2018

Via: Fortune

Less than a week into the trade war with China, President Trump is already thinking about levying more tariffs against goods imported from that nation to the U.S. The White House said it was considering additional tariffs of 10% on […]


News

U.S. Adds 213,000 Jobs As Unemployment Rises to 4%

July 6, 2018

Via: Time

WASHINGTON — U.S. employers kept up a brisk hiring pace in June by adding 213,000 jobs in a sign of confidence despite the start of a trade war with China. The Labor Department said Friday that the unemployment rate rose […]