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Monthly Archives: December 2017

‘Bitcoin crash’ among significant market risks in 2018, says Deutsche Bank

The bitcoin craze could pose a real risk to the broader market next year, according to Deutsche Bank. Torsten Slok, the firm’s chief international economist, sent to clients a list of significant risks to the market in 2018. Included on that list: A crash in the price of bitcoin, higher …

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UK passes crucial milestone in Brexit negotiations

Dario Pignatelli | Bloomberg via Getty Images Theresa May, U.K. prime minister, left, shakes hands with Jean-Claude Juncker, president of the European Commission, ahead of a meeting at the European Commission building in Brussels, Belgium, on Monday, Dec. 4, 2017. European Union chief negotiator Michel Barnier told European lawmakers that a breakthrough …

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Kuka aims to lead in China as robotics move from industry to home use

Tomohiro Ohsumi | Getty Images A Kuka AG robotic arm pours a bottle of beer into a glass during a demonstration at the International Robot Exhibition 2017 at the Tokyo Big Sight on November 29, 2017 in Tokyo, Japan. Robots are changing the way people live and Kuka wants a …

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Interactive Brokers warns of risk from bitcoin futures

Andrew Harrer | Bloomberg | Getty Images Thomas Peterffy, chief executive officer of Interactive Brokers. “Smaller brokerage firms will go bankrupt,” Peterffy warned on Thursday, adding it could “destabilize the clearing houses.” Peterffy has sounded alarms before about the dangers of bitcoin, but his firm is allowing traders access to …

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Didi could drive Uber out of Latin America, plans to expand to Mexico

Adriano Machado | Reuters The chief executive of Uber Technologies, Dara Khosrowshahi. By the summer of 2016, Uber agreed to sell its China-based business to Didi in a merger which gave it a one-fifth stake in Didi and granted ex-Uber CEO Travis Kalanick a non-voting board seat at Didi. Didi …

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Emails show follow-up to June 2016 Trump Tower meeting

Mandel Ngan | AFP | Getty Images Donald Trump, Jr., (L) places a hand on the shoulder of his father, then-Republican presidential nominee Donald Trump, during in a rally in Manchester, New Hampshire on November 7, 2016. Emails sent by Rob Goldstone raise new questions about the topics that were …

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Emerging markets just broke through ‘unbelievably strong support’

Even as emerging market equities have posted a banner year in 2017, some portfolio managers and technical strategists are concerned about troubles developing in the near term. One large emerging markets exchange-traded fund, the EEM, was on pace for its second straight week of declines despite catching a bid in …

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HTC Vive founder Phil Chen is betting on consumer and health VR

studioEAST | Getty Images Phil Chen, managing director of Presence Capital. Despite Facebook’s $2 billion bet on Oculus and virtual reality products from Samsung, Sony and Google, VR hasn’t gone mainstream. But the founder of HTC’s Vive headset business is more bullish than ever. Phil Chen left HTC in 2015 …

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Trump will start infrastructure push in January, White House officials say

Getty Images President Donald Trump speaks to the media during a meeting with congressional leadership in the Roosevelt Room at the White House on November 28, 2017 in Washington, DC. The White House will move forward with a massive infrastructure program in 2018, after failing to enact such a measure …

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Amazon save $2 billion next two years from new tax plan analyst says

Getty Images Jeff Bezos, chief executive officer of Amazon, arrives for a meeting with President-elect Donald Trump at Trump Tower, December 14, 2016 in New York City. While public support for President Donald Trump’s tax plan remains low, there’s reason for Amazon to feel giddy about it: an estimated $2 …

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