by [email protected] | Dec 31, 2018 | News
Mohamed El-Erian — the chief economic adviser at Allianz SE — says concerns over a US recession are overblown, but we can expect wild fluctuations on the Dow Jones Industrial Average in 2019 because of financial uncertainty in Europe and China. However, El-Erian said...
by [email protected] | Dec 29, 2018 | News
Credit card giant Visa Inc. is acquiring British payments firm Earthport for $250.6 million. Earthport — which provides cross-border payment services to banks and businesses — has been partners with Ripple, the blockchain-based payment network, since 2015. Under the...
by [email protected] | Dec 28, 2018 | News
The film “The Big Short” is about how Michael Burry’s Scion Capital and others famously uncovered the housing bubble and sought to profit from it. Fir Tree Capital Management was part of this story as well, except they were on the other side of the table. They noticed...
by [email protected] | Dec 27, 2018 | News
In December, traders’ investment in the cryptocurrency market has been comparatively better than what it was on Wall Street, as demonstrated by the relative performance of the Bitcoin price and S&P 500 index. S&P 500 Slumps Below Bitcoin Price on 30-Day...
by [email protected] | Dec 26, 2018 | News
This week, the Dow Jones recorded a steep sell-off from 23,970 points to 21,846 points, amidst global economic instability and uncertainty. Since achieving an all-time high at 26,828 points on October 3, the Dow Jones has fallen by 5,036 points to 21,792 points, by...