Bitcoin Could Challenge Gold As Major Asset Class
08/15/2018 6:34 PMHedge funds have gained an almost mythical status in the investment world over the past two decades. Estimates suggest there are more than 15,000 hedge funds controlling nearly $4 trillion in managed assets, managing everything from stocks, derivatives, and currencies...
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Cooperate Or Die: In Private Meeting, Top Facebook Exec Threatened News Outlets
08/14/2018 6:08 PMDuring a closed-door and off-the-record meeting last week, top Facebook executive Campbell Brown reportedly warned news publishers that refusal to cooperate with the tech behemoth's efforts to "revitalize journalism" will leave media outlets dying "like in a hospice."...
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Venezuela’s PDVSA To Start Using ‘El Petro’ Next Week
08/14/2018 6:03 PMVenezuela’s state-owned oil company PDVSA will start using the local cryptocurrency El Petro for all its transactions on August 20, President Nicolas Maduro said, as quoted by Sputnik. The president did not mention whether PDVSA’s business partners agreed with the...
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Morgan Stanley Incrementally Bullish On Salesforce, Says MuleSoft Deal Underappreciated
08/14/2018 5:55 PMSalesforce.com acquired MuleSoft in early 2018 in a $6.5-billion deal that wasn't fully appreciated by the Street, according to Morgan Stanley. Salesforce's acquisition of MuleSoft addresses the company's challenge of connecting and utilizing data more efficiently...
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Truett-Hurst Shares Jump On $18M Sale Of Wine Business
08/14/2018 5:51 PMShares of wine and marketing company, Truett-Hurst Inc, were rallying more than 70 percent Tuesday after a deal announcement. Truett-Hurst said it's selling its wholesale wine business to Precept Brands LLC for $18 million cash, netting Truett-Hurst an estimated...
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It’s The Biggest Story In Finance – But Few Seem To Get It
08/14/2018 5:36 PMBig problem - Emerging nations like Turkey borrowed in US dollars and now their home currency is falling fast - that's a major problem, not for Turkey, but for the banks and investors who lent them the...
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Iran’s Supreme Leader: “No War Nor Negotiations” Ever With This White House
08/13/2018 7:03 PMIran's supreme leader Ayatollah Ali Khamenei announced in a statement Monday that there would be neither war nor negotiations with the United States. "Recently, U.S. officials have been talking blatantly about us. Beside sanctions, they are talking about war and...
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Saudi Arabia’s PIF and SoftBank Not Interested in Tesla Buyout
08/13/2018 6:47 PMTwo often-cited suspects are axed. So where's the "secured" funding supposed to come from? The whole scheme kicked off when Tesla CEO Elon Musk tweeted during trading hours that he was “considering” taking Tesla private, “Funding secured,” which caused the already...
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Baltics Want to Pull The Plug On Russian Power
08/13/2018 6:31 PMInto the 29th year as independent states, Lithuania, Latvia and Estonia still have not managed to ride themselves of Russia in one key area: the transmitting of electricity. Although the Baltic States have, in recent years, ended their electricity isolation by...
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The Liberals Take a Page From The Trump Playbook on Diplomacy
08/13/2018 6:15 PMIs twitter the place to conduct diplomacy? Both President Trump and the Federal Liberals obviously think so but at what cost. Canada's virtue signalling tweet aimed at the imprisonment of human rights activists have many worried that it made things worse for the...
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