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Monthly Archives: January 2018

Cryptocurrency ads banned — including bitcoin and ICOs

Jaap Arriens | NurPhoto | Getty Images Mark Zuckerberg, CEO of Facebook. Facebook is banning all ads that promote cryptocurrencies, including bitcoin, in an effort to prevent people from advertising what the company is calling “financial products and services frequently associated with misleading or deceptive promotional practices.” That means no …

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fear of rising interest rates

As the Federal Reserve meets, stocks are having a tantrum over rising interest rates that could lead to the deepest sell-off since the roughly 5 percent decline that followed the Brexit panic of 2016. The S&P 500 was down 1.6 percent by Tuesday afternoon in its worst two-day pullback since …

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Chart of surging US health-care costs explains why buffett getting involved

Warren Buffett, Jeff Bezos and Jamie Dimon are launching their new health care initiative because health care costs are soaring for millions of their employees and Americans overall. The average American spends nearly $4,000 toward health care each year, a number expected to balloon to more than $5,000 in 2023, …

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Paul Ryan sees ‘no reason’ for Trump to fire Rod Rosenstein

Cheriss May | NurPhoto | Getty Images Rep. Paul Ryan, speaker of the U.S. House of Representatives House Speaker Paul Ryan said Tuesday that Deputy Attorney General Rod Rosenstein, who hired special counsel Robert Mueller and has drawn the ire of President Donald Trump and House conservatives, is “doing a …

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Cryptocurrencies join the global financial market sell-off as bitcoin drops 7%

Digital currency bitcoin fell Tuesday as the 20 largest digital currencies by market capitalization all declined, according to CoinMarketCap. Bitcoin traded more than 6.5 percent lower near $10,394 as of 12:12 p.m., ET, according to CoinDesk’s bitcoin price index, which tracks prices from digital currency exchanges Bitstamp, Coinbase, itBit and …

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Bezos’ Amazon Prime could upend the health-care system

Jason Redmond | AFP | Getty Images Chief Executive Officer of Amazon, Jeff Bezos, tours the facility at the grand opening of the Amazon Spheres, in Seattle, Washington on January 29, 2018. Amazon CEO Jeff Bezos could end up changing the health-care system just as he did with retail, CNBC’s …

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Apple is reportedly delaying new iOS features until next year

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 is delaying new iOS software …

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SEC halts one of the largest ‘ICOs’ ever

Zach Gibson | Bloomberg | Getty Images Jay Clayton, chairman of U.S. Securities and Exchange Commission The U.S. Securities and Exchange Commission announced Tuesday it has obtained a court order to halt what is likely the largest initial coin offering ever. The complaint was filed in Dallas, Texas, on Thursday …

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High schools stock up on Narcan to combat teen opioid crisis in US

Source: Northern Highlands Regional High School From left to right: Joseph Occhino, the principal of Northern Highlands Regional High School in Allendale, New Jersey, with school nurse Anne Rutkowski and supervisor of health and wellness Steve Simonetti. All have been trained to administer the lifesaving drug Narcan in case of …

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Kenya opposition leader Raila Odinga inaugurates himself

Tony Karumba | AFP | Getty Images Supporters attend the ‘people’s president’ swearing-in ceremony of Kenya’s opposition National Super Alliance (NASA) coalition leader Raila Odinga on January 30, 2018, in Nairobi. Nearly 100 people were killed in violence linked to Kenya’s elections last year, Reuters reported. The swearing-in boils down …

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