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Monthly Archives: March 2018

Saudi Energy Minister says Saudi Aramco could go public this year, but waiting for optimal time

Omar Marques | Anadolu Agency | Getty Images Saudi Arabia’s Minister of Energy, Industry and Mineral Resources, Khalid Al-Falih pictured at a joint press conference during the 173rd Ordinary Meeting of the Organisation of Petroleum Exporting Countries (OPEC) in Vienna, Austria on November 30, 2017. Saudi Arabian Energy Minister Khalid …

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Cryptocurrency slammed by HBO’s John Oliver makes a 30% comeback this week

Cryptocurrency eos, which was criticized by HBO’s John Oliver in a recent segment on investment fraud, is making a double-digit comeback this week as investors bet on more user adoption. Eos was the only one of the 10 largest cryptocurrencies trading higher over the last 24 hours as of Thursday …

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Saudi Arabia Crown Prince Mohammed bin Salman meets with Pentagon chief Mattis

Source: Navy Mass Communication Specialist 1st Class Kathryn E. Holm | DoD Defense Secretary James N. Mattis meets with Saudi Arabia’s First Deputy Prime Minister and Minister of Defense, Crown Prince Mohammed bin Salman bin Abdulaziz at the Pentagon in Washington D.C., Mar. 22, 2018. Secretary of Defense James Mattis …

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Trump to exempt EU from steel and aluminum tariffs: US trade rep

Jim Bourg | Reuters President Donald Trump greets German Chancellor Angela Merkel at the White House in Washington, U.S., March 17, 2017. The U.S. will grant the European Union and some other countries a temporary exemption from aluminium and steel tariffs, averting a trade war with key allies as the …

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Cutting ‘old heads’ at IBM

WHETHER IBM IS STAYING WITHIN U.S. age laws as it cuts from and adds to its workforce turns largely on how and why the company chooses individuals to be eliminated. While executives say they never target older workers, internal company documents and interviews suggest otherwise. Consider, for example, a planning …

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Trump slaps China with about $60 billion in tariffs

Mandel Ngan | AFP | Getty Images President Donald Trump speaks before signing trade sanctions against China on March 22, 2018, in the Diplomatic Reception Room of the White House in Washington, DC, on March 22, 2018. President Donald Trump signed an executive memorandum on Thursday that would impose about …

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The market is having a hard time adjusting to a new day at the Fed

Andrew Harrer | Bloomberg | Getty Images Jerome Powell, chairman of the U.S. Federal Reserve, pauses after speaking during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, D.C., U.S., on Wednesday, March 21, 2018. For years, the Fed had professed to be data dependent when …

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How the Fed’s outlook could be worrisome for markets

There’s a deeper hawkish tilt to the Federal Reserve’s outlook for interest rates that could be worrisome for markets. Federal Reserve officials, in their first meeting chaired by Jerome Powell, raised their median forecast for the funds rate for 2019 to 2.9 percent from 2.7 percent, and for 2020 to …

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Suspicious package found near London offices

Jack Taylor | Getty Images The London headquarters of Cambridge Analytica stands on New Oxford Street in central London on March 20, 2018 in London, England. British authorities are seeking a court order to search the offices of the data mining and political consulting firm Cambridge Analytica. The company allegedly …

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Bitcoin falls back below $9,000 after Japan adds to regulatory uncertainty

Bitcoin failed to hold above $9,000 on Thursday after reports of increased scrutiny on cryptocurrencies by Japanese regulators. The cryptocurrency hit a low of $8,630 and was trading 2 percent lower near $8,700 as of 9:29 a.m. ET, according to CoinDesk’s bitcoin price index. Bitcoin has struggled to recover the …

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