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News & Updates

February 4, 2019 Crypto Exchange Says It Can't Repay $190 Million to Clients After Founder Dies With Only Password

Source: Gizmodo

Canadian crypto exchange QuadrigaCX says it cannot repay most of $190 million in client holdings after its 30-year-old founder Gerald Cotten, the only person who knew the passwords to its “cold storage,” unexpectedly died in...

February 4, 2019 GM to begin laying off 4,000 workers Monday: report

Source: The Hill

General Motors will begin laying off 4,000 salaried workers on Monday, according to CNN.

February 4, 2019 May will seek 'pragmatic' solution to Brexit deal in Brussels

Source: Reuters

LONDON - British Prime Minister Theresa May said on Sunday she would seek a “pragmatic solution” to a parliamentary impasse over the terms on which Britain leaves the European Union when she tries to reopen talks with Brussels.

February 1, 2019 From corn to Apple: The cases behind the US-China standoff

Source: AP News

WASHINGTON (AP) — The Trump administration’s case against Beijing is blunt: The Chinese have gone on a commercial crime spree, pilfering trade secrets from seed corn to electronic brains behind wind turbines. China has stripped...

February 1, 2019 Amazon stock drops sharply during earnings call after company warns of increased investments

Source: CNBC

general concerns about slowing growth and heavier investments in 2019 dragged the stock down in after hours trading.

February 1, 2019 Bad start continues for China economy as private data shows manufacturing activity weakest since 2016

Source: South China Morning Post

China’s factory activity contracted for a second consecutive month in January, with the pace of the downturn picking up speed, due in large part to the effects from the ongoing trade war with the United States.

February 1, 2019 US-China Trade Talks Could Reach ‘Biggest Deal Ever’ Soon, Says Trump

Source: International Business Times

The trade talks between the U.S. and China are sending positive signals. Chances of a mini deal were evident in the words of President Donald Trump who declared that he was looking forward to sealing a comprehensive trade deal...

February 1, 2019 Here is what the stock market’s monster January rally means for February

Source: MarketWatch

February is generally not a banner month for stocks, but this year it could deliver better-than-usual returns, thanks in part to the tailwind from a monster rally in January.

February 1, 2019 America Is Producing the Wrong Kind of Oil

Source: Bloomberg

The shale boom has created a world awash with crude, putting a lid on prices and markedly reducing U.S. dependence on imported energy. But there’s a growing problem: America is producing the wrong kind of oil.

February 1, 2019 Tesla is betting big on China, and here’s what Elon Musk had to say about it

Source: CNBC

To tap into a growing market for electric vehicles in China, Tesla is betting big on the region -- and executives talked up the company’s efforts there on an earnings call this week.

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