Banks resort to negative interest amid market collapse
NEW YORK – After a mid-day decline on Thursday that topped 350 points, the Dow rebounded in late afternoon trading to close down 254.56 points at 15,660.18, off 1.60 percent. The news of the day came from Federal Reserve Chairman…
Deutsche Bank Stock: Is This Company the Next Lehman Brothers?
Deutsche Bank Stock: Is This Company the Next Lehman Brothers? This Is a Big Problem for Deutsche Bank Stock Deutsche Bank AG (USA) (NYSE:DB) was trading more than seven percent higher on February 10. Deutsche Bank stock found some oxygen…
Here Come the Money Helicopters!
Here Come the Money Helicopters! For the last eight years, we have seen nothing but absurd and unproductive central bank policies. But hang onto your hat: There are plenty more where those came from! The post Here Come the Money…
Top Broker Says China Crisis ‘Could Exceed 400 Percent’ Of 2008 Crash
Renowned hedge fund manager Kyle Bass told his investors the Chinese banking system is a “ticking time bomb.” His hedge fund, Hayman Capital Management LP, is betting billions on the Chinese yuan and Hong Kong dollar nosediving soon, according to…
The Internet Of Things: Why Success Lies In Services
The Internet Of Things: Why Success Lies In Services The Internet of Things is a fast-growing phenomenon in which formerly dumb devices get chips and sensors to become smart gadgets, connected to a network as part of various cyber-physical systems….
The Executive Pay Cap That Backfired
This story was co-published with the Washington Post. Wealth, jobs and pay inequality are big political issues this presidential primary season, and they’re bound to become bigger once the parties pick their nominees. In the plethora of plans candidates tout…
Budapest gets bitcoin taxis
Do you need a taxi and don’t have cash or a credit card? Well if you’re in Hungary’s capital Budapest you’re in luck if you hold some bitcoin. It is the latest city where you can use the virtual currency…
Princeton to Publish a Definitive Book on Bitcoin for Developers
As Bitcoin struggles to establish its relevance and resilience, it can be easy to lose sight of the fact that it really is a revolutionary technology with the potential to change the world. A reminder of that is the fact…
Russians Conflicted About Bitcoin and the Blockchain
At a time when the government of Russia seems to be inching closer to outright banning Bitcoin, or at least trying to do so, the Russian central bank apparently is taking a more realistic approach. According to CoinDesk, deputy chair Olga…
Morgan Stanley Settles Mortgage Case for $3.2 Billion
New York Attorney General Eric T. Schneiderman announced a $3.2 billion settlement with Morgan Stanley over the bank’s deceptive practices leading up to the financial crisis. “Our focus in this area is really related to the harm done, the damage…