Month: October 2019

A second wave of planned Northern California electricity outages to reduce the risk power transmission equipment could spark wildfires may further spur efforts to convert the Pacific Gas & Electric into a customer-owned cooperative. The outages may also encourage further offers from individual cities and agencies to purchase the bankrupt utility’s electric distribution assets in
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Bitcoin has dropped to a five-month low of $7,435 USD following Facebook CEO Mark Zuckerberg’s testimony before Congress in defense of the planned stablecoin Libra. The world’s largest cryptocurrency fell as much as 9% to its lowest levels since June, as Zuckerberg was grilled by congressional representatives before a sitting of the House Financial Services Committee.
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A customer pulls into a McDonald’s restaurant in Shepherdsville, Kentucky. Luke Sharrett | Bloomberg | Getty Images Generally, profits are topping expectations by a large margin this earnings season, but there were some notable misses on Tuesday. Some of the largest and most well-known companies in the U.S. — including McDonald’s, UPS and Lockheed Martin
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When bitcoin advocates claim adoption is surging in developing countries, particularly during periods of political unrest or economic turmoil, their go-to source for evidence is often LocalBitcoins. The peer-to-peer exchange, which matches buyers and sellers of the largest cryptocurrency in nearly 250 countries, publishes weekly volume data for each nation and region where it has
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Bitfinex, the controversial cryptocurrency exchanged headquartered in Hong Kong, has filed an application for discovery with a California court in an attempt to subpoena a former banking executive in order to access $880 million USD in frozen funds. Bitfinex Seeking to Recover “Missing” Millions iFinex, the parent company of Bitfinex, submitted the request on October 18
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Senator Elizabeth Warren (D-MA), a 2020 US Presidential hopeful, speaks during the ‘We The People’ Summit at the Warner Theatre April 1, 2019, in Washington, DC. Brendan Smialowski | AFP | Getty Images One Wall Street economist on Monday warned clients about the tax proposals touted by Democratic presidential hopefuls Elizabeth Warren and Bernie Sanders,
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Cryptocurrency exchange Binance is soon to launch its first fiat-to-cryptocurrency trading pairs. Speaking at the Open Innovations 2019 conference in Moscow on Monday, CEO Changpeng “CZ” Zhao confirmed that fiat options are on the way, kicking off with the Russian ruble: “We’re adding support for fiat trading. In about two weeks or so, we should have support for Russian
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As corporate earnings reports roll in, analysts are keeping a close eye on profit margins as a possible early warning signal for the markets and economy. Profit margins are showing some signs of contraction, but Ned Davis Research analysts say there’s no broad deterioration yet, and they expect margins to be flattish. But the analysts
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If you’re building or remodeling a home for yourself, for a client or as an investment, you probably have a tile budget to cover the bathrooms, kitchen and laundry room, at the very least. You may also have tile planned for both interior entry and outdoor living spaces. This versatile material is durable, outdoor-friendly and
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