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Consumer confidence in the U.S. rebounded by more than expected in the month of January, according to a report released by the Conference Board on Tuesday. more...
Overall nationwide consumer prices in Japan gained 1.0 percent on year in December, the Ministry of Internal Affairs and Communications said on Friday. more...
Global investment giant Goldman Sachs has warned its high networth clients that Bitcoin's price surge has pushed the virtual currency it into the bubble territory, that dwarfs the past bubbles in dot-com companies and tulip bulbs. Still worse, the price rise in Ether, the second largest cryptocurrency in market cap, dwarfs even Bitcoin's jump, the bank added in a client note. more...
The median forecast for Brazil's consumer price inflation in the next 12 months rose for the fourth consecutive week, to 4.00% from 3.98% a week before, according to economists surveyed by the South American country's central bank. The annual inflation rate in Brazil increased to 2.95% in December, ending the year below the bottom of the central bank's target for 2017, which ranged from 3% to 6%. more...
Bitcoin may "totally collapse" though it may linger for a century, Nobel Laureate Robert Shiller said, who equaled it to the Tulip mania. "[Bitcoin] might totally collapse and be forgotten and I think that's a good likely outcome but it could linger on for a good long time, it could be here in 100 years," the Yale University professor told CNBC in an interview in Davos, Switzerland. Shiller, who was the joint winner of the ...
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