EU News Digest Latest News & Updates
Venture capitalists and entrepreneurs have been lobbying federal regulators to protect at least some virtual currencies from being categorized as securities, a designation that would carry significantly more oversight. The venture capital firm Andreessen Horowitz helped assemble a group of investors and lawyers that met with the Securities and Exchange …
Read More »Monthly Archives: April 2018
Debt restructuring measures for Greece could be finalized soon, Eurogroup president says
Dursun Aydemir | Anadolu Agency | Getty Images New Eurogroup President Portuguese Finance Minister Mario Centeno gestures during a press conference on his election as new Eurogroup chief at the European Council in Brussels, Belgium on December 4, 2017. Greece and its creditors appear to be one step closer to …
Read More »Analysts worry Apple iPhone sales are even worse than they thought
David Mareuil | Anadolu Agency | Getty Images Customers inspect new iPhone 8 and plus models at a telecom shop in Omotesando Avenue in Tokyo, Japan on September 22, 2017. A disappointing forecast from a key Apple chipmaking partner has some Wall Street analysts worried about iPhone sales forecasts. On …
Read More »Obama praises Parkland students in piece written for TIME magazine
Getty Images Marjory Stoneman Douglas High School Students and activists (L-R) Cameron Kasky, Alex Wind, Emma Gonzalez, David Hogg, and Jaclyn Corin at SiriusXM Studio on March 23, 2018 in Washington, DC. Former U.S. President Barack Obama insists that the Parkland students pushing to reform U.S. gun laws have the …
Read More »Soros foundations to quit Hungary amid political hostility
Attila Kisbenedek | AFP | Getty Images A billboard with a poster of Hungarian-American billionaire and philanthropist George Soros with the lettering ‘National consultation about the Soros’ plan – Don’t let it pass without any words’ is seen in the 22nd district of Budapest on October 16, 2017, as the …
Read More »A global chipmaking giant blames lowered outlook on bitcoin mining
A major Asian chip manufacturer cut its revenue forecast for the year, citing uncertainty in cryptocurrency “mining” demand as a factor. Taiwan Semiconductor Manufacturing, or TSMC, is the largest semiconductor foundry company in the world. Bernstein analysts estimate the majority of demand for TSMC’s special cryptocurrency mining chips comes from …
Read More »Google IO to feature sponsored ‘how to’ videos for Assistant
David Paul Morris | Bloomberg | Getty Images The silhouettes of attendees are seen at the Google booth during the 2018 Consumer Electronics Show (CES) in Las Vegas, Jan. 11, 2018. Google has been pitching companies to create videos for a new “How To” feature for its smart assistant. It …
Read More »Snap-On shares soar on strong earnings
Source: Snap-on Tools Mark Stuchel and his wife, Suzan, own five Snap-on vans that service the Des Moines, Iowa, metro area. Shares of Snap-On soared more than 9 percent following a favorable earnings announcement on Thursday morning, making it the biggest gainer in the S&P 500. The tool and diagnostic …
Read More »Clorox shares drop 5% after Morgan Stanley downgrades, says consumers shifting to smaller brands
Daniel Acker | Bloomberg | Getty Images Colorox brand toilet bowl cleaner sits on display at a supermarket in Princeton, Ill. Shares of Clorox fell nearly 6 percent on Thursday after Morgan Stanley downgraded the stock, noting the company is face strong headwinds. Dara Mohsenian, an analyst at the investment …
Read More »Bitcoin ‘miners’ are losing money at any price below $8,600: Morgan Stanley
If bitcoin can’t recover $8,600 soon, bitcoin “miners” will likely find it unprofitable to keep creating the cryptocurrency, Morgan Stanley analysts said. Bitcoin traded slightly higher near $8,200 on Thursday, according to CoinDesk. It has struggled to recover in the last few months after tumbling from a record high above …
Read More »