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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 PasswordSource: 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: reportSource: 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 BrusselsSource: 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 standoffSource: 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 investmentsSource: 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 2016Source: 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.
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 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 OilSource: 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.
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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