A survey conducted by a start-up Cryptocurrency mining firm about Bitcoin found that majority of the respondents have an optimistic future for the leading cryptocurrency. Twenty six percent of those who were surveyed believe bitcoin will cross $25,000, while 10 percent said the Bitcoin value will go above $35,000. Almost 9 percent think it will go beyond $45,000. According to 15 percent, the digital coin will go no higher than $15,000, and 5 percent think it will not rise above $10,000. Only 2.5 ...
First-Class Catastrophe, A: The Road to Black Monday, the Worst Day in Wall Street History by Diana B. Henriques Monday, October 19, 1987, was by far the worst day in Wall Street history. The market fell 22.6 percent – almost twice as bad as the worst day of 1929 – equal to a one-day loss of nearly 5,000 points today. Black Monday was more than seven years in the making and threatened nearly every U.S. financial institution. ...
AMD beat Wall Street’s expectations in Q2 2017, courtesy of strong demand for Ryzen and Epyc (desktop and server) CPUs. This was a significant quarter for AMD, because it marked the first quarter of full availability for the Ryzen CPU family. Revenue was $1.22 billion, up 19 percent from Q2 2016 and 1.24x from Q1 2017. Gross margin of 33 percent was down 1 percent compared with ...
It’s one of those rare moments of humility on Wall Street, a placed where “indicted but never convicted” is a badge of honor. A hedge fund chief who lost all of his client’s money told them he was sorry. Owen Li, founder of Canarsie Capital, wrote to his clients to say he had run their accounts down from $100 million less than a year ago to just $200,000. Reportedly, he got into a hole and took on a string of high-risk bests ...
How the Market Stole Christmas! (Macro Man)To save itself, Greece must exit the Euro (Telegraph)The First Casualty of a Bear Market (The Reformed Broker)Vanguard turns firepower on shake-up of financial advice market (FT)How Did Balanced Funds Weather the Crisis? CIO asks if pensions might have been better off sticking with the old ways. (Chief Investment Officer)Obama’s Unambiguous Message to Putin About Cuba: We Win and You Lose (Bloomberg)A ...
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