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Monthly Archives: December 2017

Bitcoin futures set to trade on CBOE Sunday evening

Bitcoin futures will begin trading on the Cboe Futures Exchange on Sunday, following a huge ramp-up in the digital currency’s price. The futures will launch at 6 p.m. New York time and will be trading under the ‘XBT’ ticker symbol. The launch will let institutional investors buy into the cryptocurrency …

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Research says environment is the mother of inventors

Children born into the top 1 percent of households by income are 10 times as likely to become inventors as those from below-median income families, according to a new study. Economists from Stanford, Harvard, MIT and the U.S. Treasury Department published their findings as part of a working paper with …

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Iraq holds military parade celebrating victory over Islamic State

Ari Jalal | Reuters An Iraqi soldier holds an Islamic State flag during a battle with Islamic State militants, north of Mosul, Iraq. An Iraqi military parade celebrating final victory over Islamic State is underway in Baghdad’s heavily fortified Green Zone, an Iraqi military spokesman told Reuters on Sunday. Prime …

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Southern California’s Thomas wildfire is now 15 percent contained

Gene Blevins | Reuters A local man tries to cope and prays during an early-morning Creek Fire that broke out in the Kagel Canyon area in the San Fernando Valley north of Los Angeles, in Sylmar, California, U.S., December 5, 2017. Besides lifting evacuation orders in portions of Ojai, authorities …

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Iraq declares final victory in war over ‘eternal enemy’ Islamic State

Haydar Hadi | Anadolu Agency | Getty Images Iraqi Prime Minister Haider al-Abadi delivers a speech during Baghdad Dialogue Conference in Baghdad, Iraq on January 14, 2017. Prime Minister Haider al-Abadi declared final victory over Islamic State on Saturday after Iraqi forces drove its last remnants from the country, three …

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Retail landlords win fight in Starbucks, Whole Foods store closures

Patrick T. Fallon | Bloomberg | Getty Images David Simon, chairman and chief executive officer of Simon Property Group Starbucks and Amazon-owned Whole Foods are the latest victims of retail landlords pushing back against companies shuttering stores and trying to bypass contractual agreements. Recently, the largest U.S. mall owner, Simon …

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The bull and bear cases for exchange stocks ahead of bitcoin futures

The crypto craze has taken Wall Street by storm, and it’s giving a boost to two exchange stocks. The CME Group announced in late October its plans to launch bitcoin futures trading, which is now set to debut Dec. 18. The cryptocurrency hit a new high shortly after the announcement. …

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The top 8 countries where millennials are most optimistic

Despite being cast as avocado-toast-loving, travel-obsessed stereotypes who are also bad savers, millennials around the world have a significantly positive outlook on life, according to a new report. A Pew Research Center report published on Tuesday determined eight countries in which young adults between the age of 18 and 29 …

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Here are Credit Suisse’s latest top stock picks

Andrew Harrer | Bloomberg | Getty Images Listerine mouthwash bottles move through the production line at the J&J consumer healthcare products plant in Lititz, Pennsylvania. Credit Suisse shared with clients the firm’s best current stock picks in the U.S. “This is our ‘one-stop shop’ for the research team’s best ideas. …

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Macy’s Terry Lundgren to retire from retailer’s board in 2018

John Lamparski | WireImage | Getty Images Terry Lundgren, Macy’s Chairman of the Board Macy’s Executive Chairman Terry Lundgren, who stepped down as chief executive officer earlier this year, will retire from the department store chain’s board of directors in 2018, the company announced Friday. In turn, CEO Jeff Gennette …

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