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Monthly Archives: December 2017

Overstock.com rockets higher after Morgan Stanley reveals stake

Ken James | Bloomberg | Getty Images A United Parcel Service Inc. (UPS) worker loads orders onto a truck in the shipping area at the Overstock.com Inc. distribution center in Salt Lake City, Utah. Shares of Overstock.com briefly surged more than 23 percent Monday after Morgan Stanley Investment Management disclosed …

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Brent crude oil hits 2½-year high on Forties pipeline outage

Brent crude oil prices spiked to the highest level in 2½ years on Monday on news that a major pipeline in the U.K.’s North Sea will shut down for repairs. The Forties pipeline system will close for several weeks while its operator, INEOS, repairs a crack in a pipe discovered …

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Bitcoin futures launch could be bad for bitcoin’s price, tech analyst Gene Munster says

The launch of bitcoin futures could “have a material negative impact on the price of bitcoin,” a well-respected technology analyst said Monday. With the futures, “investors will have an easier time betting against bitcoin,” and “investors could move towards trading futures contracts and out of bitcoin itself,” Gene Munster, co-founder …

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Al Franken ‘was clearly drummed out’ without due process

Nicole Craine | Bloomberg | Getty Images Roy Moore, Republican candidate for U.S. Senate from Alabama, smiles as he speaks during a campaign rally in Fairhope, Alabama, on Tuesday, Dec. 5, 2017. Republican Sen. Bill Cassidy is drawing a distinction between sexual assault accusations against conservative Roy Moore and liberal …

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California wildfires blaze for second week

Mike Blake | Reuters A firefighter is working on extinguishing the Lilac Fire, a fast moving wildfire in Bonsall, California, U.S., December 7, 2017. “A lot of these guys (firefighters) have fought a lot of fires in the past few months and are fatigued,” said Fire Captain Steve Concialdi, spokesman …

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Bitcoin futures launch a big victory for the digital currency

The launch of Bitcoin futures on the Cboe Futures Exchange over the weekend was a “very big victory” for the digital currency, CNBC’s Jim Cramer said Monday. Bitcoin futures, trading under the ticker symbol XBT, debuted Sunday night on the Cboe. The futures price climbed 10 percent in the first …

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Cryptocurrencies like bitcoin are ‘the bubble to end all bubbles’

UBS Wealth Management is not a believer in bitcoin becoming a legitimate currency even as the launch of futures lead some investors to believe the cryptocurrency will become a more stable market. “The bubble to end all bubbles continues. Cryptocurrencies only have value if accepted as currencies. However, they cannot …

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RNC official quits over group’s support of Moore

Marvin Gentry | Reuters Judge Roy Moore participates in the Mid-Alabama Republican Club’s Veterans Day Program in Vestavia Hills, Alabama, U.S. November 11, 2017. An official has quit the Republican National Committee over the GOP’s support of Alabama Republican Senate candidate Roy Moore, who faces accusations of sexual assault and …

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European finance ministers call for US tax reform rethink

Mike Blake | Reuters Treasury Secretary Steven Mnuchin reacts during a press conference after attending the Franchise Expo West in Los Angeles, California, November 2, 2017. The finance ministers of Europe’s five largest economies called in a letter to Treasury Secretary Steven Mnuchin for the U.S. to rethink tax reform …

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iPhone X in stock, most models now shipping in days

Getty Images Apple CEO Tim Cook (R) and Apple chief design officer Jonathan Ive (L) look at the new Apple iPhone X during an Apple special event at the Steve Jobs Theatre on the Apple Park campus on September 12, 2017 in Cupertino, California. Apple appears to have caught up …

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