Economy

Cryptocurrencies Leg Lower After South Korean Tax Headlines
Bitcoin
ZeroHedge | Update 1100ET: Headlines from South Korea's Yonhap news regarding new tax rules for cryptocurrency exchanges appear to have sparked the latest leg down in cryptocurrencies... As CoinTelegraph reports, Local news agency...
Bitcoin Crashes Below $10,000, Losing Over Half Its Value Since Last Month’s Record
Blockchain
RT | The world’s most valuable cryptocurrency, bitcoin, has lost over half its value since it smashed the $20,000 barrier in mid-December. The price of the cryptocurrency dropped to $9,555 at 15:00 GMT on Wednesday. “The...
Mexicans Work More Hours Every Year Than Any Other Nation
Mexico
ZeroHedge | Across the globe, people are firmly back in the working groove after all the fun, relaxation and overindulgence of the holiday season. This year, as Statista's Niall McCarthy notes, some workers are going to have a far...
Trump renews call for internet sales tax
Menu
CNBC | President Donald Trump repeated an earlier call for an internet tax, in a thinly veiled shot at Amazon's Jeff Bezos, who owns The Washington Post. "The internet — they're going to have to start paying sales tax because...
Buffett: "I Would Buy A Five-Year Put On Every Cryptocurrency"
Warren Buffett
ZeroHedge | Warren Buffett doubled down on his criticism of bitcoin Wednesday during an interview with CNBC, where he said he's almost certain the cryptocurrency craze "will end badly" and that the current runup in value will be...
Crypto Rebound Continues As South Korea Admits Exchange Shutdown May Be Impossible
Blockchain
ZeroHedge | The rebound from yesterday's lows ahead of the Bitcoin futures expiration continues across the crypto space with Ripple soaring over 50% in the last 24 hours. South Korean headlines continue, ranging from insider-...
Bitcoin slides 18 percent on crackdown fears; crypto rivals also plunge
Bitcoin
Reuters | Bitcoin tumbled 18 percent on Tuesday to a four-week trough close to $11,000, after reports that a ban on trading of cryptocurrencies in South Korea was still an option drove fears grew of a wider regulatory crackdown....
Wal-Mart Raises Hourly Wage to $11 in Wake of Tax Overhaul
Walmart
Bloomberg | Wal-Mart Stores Inc. is boosting its starting hourly wage to $11 and delivering bonuses to employees, capitalizing on the U.S. tax overhaul to stay competitive in a tightening labor market The increase takes effect next...
China Weighs Slowing or Halting Purchases of U.S. Treasuries
Kremlin
Bloomberg | China added to bond investors’ jitters on Wednesday as traders braced for what they feared could be the end of a three-decade bull market. Senior government officials in Beijing reviewing the nation’s foreign-exchange...
Jamie Dimon: "I Regret Calling Bitcoin A Fraud"
Dimon
ZeroHedge | Less than four months after Jamie Dimon lashed out at bitcoin, warning that it was would "eventually blow up" because it was "worse than tulip bulbs" and that "any trader trading bitcoin" will be "fired for being stupid...
Home prices are set to soar in 2018
Home
CNBC | The temperature may be frigid across much of the nation, yet home prices are sizzling and sellers are in the hot seat. Sales prices jumped 7 percent annually in November, according to a new report from CoreLogic. That...
South Korea to impose new curbs on cryptocurrency trading
Bitcoin
Reuters | South Korea’s government said on Thursday it will impose additional measures to regulate speculation in cryptocurrency trading within the country. “The government had warned several times that virtual coins cannot play...
Crypto-Carnage: Bitcoin Rebounds Sharply After Crashing To $10,000
Bitcoin
ZeroHedge | Update 1220ET: Mike Novogratz has shelved plans to launch his fund, warning that: "We didn’t like market conditions and we wanted to re-evaluate what we’re doing...I look pretty smart pressing the pause button right now...
A Dow crash? Another 25% jump? No, here’s the case for a market freeze in 2018
NYSE
MarketWatch | Welcome to the shortest day of the year, though you won’t get an abbreviated NYSE session today or even tomorrow. But plenty of traders will be cutting out in any case, with the holiday weekend creeping closer. They...
Microsoft Halts Bitcoin Transactions Because It's An "Unstable Currency"
Bitcoin
BleepingComputer | Microsoft has stopped supporting Bitcoin as a payment method for Microsoft products, Bleeping Computer has learned. Several Microsoft employees have told us the move is temporary and cited the unstable state of the...
A Tale Of Two Americas: Where The Rich Get Richer And The Poor Go To Jail
Poor People
The Rutherford Institute | This is the tale of two Americas, where the rich get richer and the poor go to jail.     Aided and abetted by the likes of Attorney General Jeff Sessions—a man who wouldn’t recognize the Constitution if it smacked him...
The Greatest Bubble Ever: Why You Better Believe It
Bubble
ContraCorner | During the 40 months after Alan Greenspan's infamous "irrational exuberance" speech in December 1996, the NASDAQ 100 index rose from 830 to 4585 or by 450%. But the perma-bulls said not to worry: This time is different...
Ron Paul: Economic boom 'an illusion', bust could resemble USSR collapse
Ron Paul
WashingtonExaminer | Former Texas Rep. Ron Paul says a yearlong economic boom under President Trump is “a bit of an illusion” and that debt, inflation, and inequality could cause turmoil that benefits a “hardcore nucleus” of libertarians....