Money

Korean gaming giant linked to the Bitstamp acquisition

Korean gaming giant linked to the Bitstamp acquisition The world's oldest surviving Bitcoin exchange, Bitstamp , has been bought by NXMH , a Belgium-based investment company. The financial terms of the deal were not disclosed, but the purchase price was rumored to be around $400 million . Kodrič will remain CEO of Bistamp and does not expect anything to change for either the company's customers or its 180 employees following the acquisition, he t... [Full Article...]

#OMG Twitter May Be Removing Its Like Button

#OMG Twitter May Be Removing Its Like Button Twitter , in a statement, said the fate of the like button, along with many other features, is being assessed as part of an ongoing look at how the company can encourage 'healthy conversation, ' but there are no immediate plans for changes . [Full Article...]

Tesla Reportedly Faces Criminal Investigation

Tesla Reportedly Faces Criminal Investigation What is the Tesla vehicle that you are most excited about? Tesla reported free cash flow of $881 million in the quarter - the first time since the third quarter of fiscal 2016 - and Musk said the company will maintain that in the coming quarters. [Full Article...]

Gwyneth Paltrow's Goop health product 'dangerous to expecting mothers'

Gwyneth Paltrow's Goop health product 'dangerous to expecting mothers' Goop's the Mother Load , £88, is a "top-of-the-line natal protocol" that is marketed towards United Kingdom customers - specifically for women who are... A rep for the 46-year-old actress told Fox News: "When used as recommended, goop's the Mother Load supplements are safe during pregnancy". The controversial brand opened its first United Kingdom store in London's Notting Hill in September... [Full Article...]

Lion Air flight crashes after taking off from Jakarta: Indonesian official

Lion Air flight crashes after taking off from Jakarta: Indonesian official A report to the Jakarta Search and Rescue Office cites the crew of a tug boat reporting a Lion Air flight falling from the sky. The directorate general is coordinating with relevant authorities to conduct search and rescue operations, she said. [Full Article...]

IBM to acquire open-source software firm Red Hat for $34B

IBM to acquire open-source software firm Red Hat for $34B Red Hat makes IBM "a credible player in cloud now - both private and hybrid cloud", Bloomberg Intelligence analyst Anurag Rana said. And yes, enterprises will go from Red Hat-a proverbial Switzerland of software and the cloud-to an IBM-Red Hat combination and one throat to choke. [Full Article...]

Royal Mint's Gold-Pegged Cryptocurrency Shelved

Royal Mint's Gold-Pegged Cryptocurrency Shelved Had the full $1 billion in RMG been issued on a public blockchain, the token would have been numbered among the world's most valuable cryptocurrencies. When a blindsided Mint sought to save the project by partnering with a cryptocurrency exchange, Britain's finance ministry in early 2018 refused to permit it, seeing the union as too big a gamble with the reputation of the government and the Mint... [Full Article...]

NY brings legal charges against Exxon for misleading investors

NY brings legal charges against Exxon for misleading investors NY said it wants to know exactly how the proxy cost for greenhouse gas emissions has been used in making investment decisions, corporate planning reviews, reserves estimates and evaluations for more than two dozen assets and projects. "This new case is a claim that the company knew the dangers from climate change and the liabilities it would incur and that those greater costs were not acknowledg... [Full Article...]

US trade conflicts weigh on robust growth in third quarter

US trade conflicts weigh on robust growth in third quarter While the reading came lower than the 4.2 percent pace in the second quarter, it still marked the strongest back-to-back quarters of growth since 2014. But some economists worry that the recent stock market declines could be a warning signal of a coming slowdown. The second quarter's pace of growth was the best in four years. [Full Article...]

Cryptos Are Illegal, Indian IT Trade Association President Says

Cryptos Are Illegal, Indian IT Trade Association President Says The Indian startup ecosystem has produced more unicorns this year than Germany and the United Kingdom combined even as seed-stage and early funding for ventures continue to decline. However, we are seeing a continuous decline in seed stage funding of startup companies. She further said that though seed funding has come down, the overall capital flowing into startups has risen this year. [Full Article...]

Ahead of U.S. sanctions, India places November crude orders with Iran

Ahead of U.S. sanctions, India places November crude orders with Iran In Friday trading, Brent crude was priced below US$77 with West Texas Intermediate (WTI) holding above US$66 a barrel. Oil prices steadied on Thursday, recovering from an early sell-off after Asian and European stock markets plunged in the wake of Wall Street's biggest daily decline since 2011. [Full Article...]

Patient gets in hospital lottery pool and wins $1 million

Patient gets in hospital lottery pool and wins $1 million Lamenting his bad luck and disappointment over not getting a ticket, Livingston was invited by hospital employees to join their pool. "I still feel the same way", she said. "It's awesome because a lot of people could use the money - holidays coming up - it's good to help other people". "I'm still going to be the same person". [Full Article...]

Google fired 48 people for sex harassment in last two years

Google fired 48 people for sex harassment in last two years The company paid him millions of dollars each month, totalling $90 million over four years, when he left. The company-wide email , seen and reported by several media outlets, attempted to reassure Googlers that the company was far from the hotbed of sexual predation depicted in the Times piece, informing them that Google had fired 48 employees in the last two years for sexual misconduct ... [Full Article...]

Asia stocks fall sharply after Wall Street losses

Asia stocks fall sharply after Wall Street losses It was down as much as 539 earlier. Twitter soared 12.1 percent to $30.85 and electric vehicle maker Tesla jumped 7.8 percent to $311 after releasing their quarterly reports, while video game maker Take-Two vaulted 7.9 percent to $1219.75 after strong reviews for its latest game, " Red Dead Redemption 2 ". [Full Article...]

$1.6bn lottery jackpot won in US

$1.6bn lottery jackpot won in US The $1.537 billion prize reflects the estimated annuity option, which is paid over 29 years, but almost all winners take the cash option, which for Tuesday's drawing was an estimated $877.8 million. It is not immediately clear how much the winning ticket will net the state in income taxes, however legislative leaders are already bickering over the best way to appropriate what is likely to be an un... [Full Article...]

China 'creates two billionaires a week'

China 'creates two billionaires a week' The world's billionaires saw their collective wealth rise 19 per cent to US$8.9 trillion (S$12.32 trillion) in 2017, led by growth in China, which minted two new billionaires every week, according to a new report. "The reality of it is the impact and the way we live our lives with the wealth being created, not just with the billionaires themselves, but with everyone associated with it, has just ... [Full Article...]

Tesla faces "deepening criminal investigation" into Model 3 production

Tesla faces Responding to the WSJ report , Tesla said that it was unaware of any formal investigation going on, but admitted that it provided documents on its " public guidance for the Model 3 ramp " to the Department of Justice earlier this year. The former employees received subpoenas earlier in the probe, and Federal Bureau of Investigation agents recently have sought to interview a number of them, sour... [Full Article...]

Fed vice chair Clarida: "Some further" rate increases warranted

Fed vice chair Clarida: Trump said in the interview that Powell "almost looks like he's happy raising interest rates" and that it's "too early to tell, but maybe" he regrets appointing him. Trump blamed the nation's central bank for the latest market turmoil, saying the "Fed has gone insane". Stocks jumped on October 25, recovering from prior days' rout. [Full Article...]

Khashoggi: US Congress brings bill to stop arms sales to Saudi Arabia

Khashoggi: US Congress brings bill to stop arms sales to Saudi Arabia The latest in a series of shifting accounts put out by Saudi officials contends that Mr. Khashoggi , a Washington Post columnist living in self-imposed exile in Virginia, died in a fistfight during an interrogation gone wrong at the consulate. [Full Article...]

These Are The 10 Most And 10 Least Reliable Cars Of 2018

These Are The 10 Most And 10 Least Reliable Cars Of 2018 Tesla's Model S and Honda's Odyssey were removed from the list this year. Kia drops two spots but remained in the top-ten as its all-new Stinger hatchback rates "Average" for reliability, as was the Sportage. Tellado, president and CEO of Consumer Reports. On the other end of the spectrum, Hyundai and Mini have the most problematic turbos. These are Consumer Reports' 15 most reliable vehi... [Full Article...]


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