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Coinbase dropped a bombshell on the bitcoin world yesterday by revealing that not only are its bitcoin deposits insured, but they have been so for more than a year. This after months of competitors listing insurance as a differentiating feature. The company wrote in a blog post: We’re proud to publicly announce that Coinbase holds insurance against theft or loss of its bitcoin. We’ve been insured for almost a year, but given the recent ...
Sany Heavy Industry, the flagship construction equipment manufacturer controlled by Chinese billionaire Liang Wengen, said Saturday net profit in the first six months of the year plunged 48% to 1.4 billion yuan, or $223 million, amid slower growth in GDP and investment spending in the world’s second-largest economy. Revenue during the period shrank 10.7% to 19.7 billion yuan, or $3.2 billion. Shares in Shanghai-traded Sany, ...
Retail inflows to U.S. high-yield funds totaled $672 million during the week ended Aug. 27, roughly on par with the $680 million inflow recorded two weeks ago, and falling well under the $2.2 billion of inflows last week. This week’s inflow helps to offset the $12.6 billion of outflows for the four weeks ended Aug. 6. In the latest reading, just 4% of the inflow was tied to the ETF segment, or $26 million, according to Lipper. The trailing-four-week average improves to a negative $873 ...
Here is a collection of the past week’s news, blog posts, and articles that are related to the post-2009 economic bubbles that I am warning about: U.S. & Global Stock Market Bubble News David Tice: Stocks Will Fall 30%-60%Albert Edwards: The Stock Bubble Is Making A Hissing Sound Are Stocks Heading For A Crash This Fall?Broken Links: Fed Policy and the Growing Gap Between Wall Street and Main Street ...
Another day of solid buying and the sharp increase in housing starts gave the homebuilding stocks a boost, which helped the overall market. The A/D lines for the NYSE Composite, S&P 500, Nasdaq 100, and the Dow Jones Industrials have now broken their downtrends. Maybe the Wall Street pros realized that too many of them were bearish or cautious on the stock market and started buying. The A/D line on the Nasdaq 100 has confirmed the new price highs as the PowerShares QQQ Trust (QQQ) ...
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