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Monthly Archives: January 2018

Second-largest cryptocurrency ripple may have run ahead of itself

Digital currency ripple has blown past its cryptocurrency rivals largely because it is working with large institutions, which give it an aura of legitimacy and practicality. However, cryptocurrency enthusiasts say that centralization is the exact opposite of what the technology of the digital currencies should be about. “The reason ripple …

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Black unemployment rate falls to record low

Daniel Acker | Bloomberg | Getty Images An employee prepares a composite engine case component for inspection at the GE Aviation manufacturing facility in Batesville, Mississippi. Unemployment among black workers is at its lowest since at least the early 1970s, when the government began tracking the data. The black unemployment …

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FBI renews 2015 inquiry into Clinton Foundation: Reports

Justin Sullivan | Getty Images Former Secretary of State Hillary Clinton, accompanied by her husband former President Bill Clinton, concedes the presidential election at the New Yorker Hotel on November 9, 2016 in New York City. The Department of Justice is reportedly continuing its long-running probe of the nonprofit Clinton …

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Boeing, Embraer working to clear hurdles to a deal

Getty Images | AFP | Eric Piermont Embraer and Boeing jetliners stand on the Tarmac of Le Bourget on June 18, 2017 on the eve of the opening of the International Paris Air Show. Despite reports government leaders in Brazil are opposed to signing off on a deal that would …

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Cisco hits highest level in almost 17 years after Bank of America upgrade

Cisco Systems rose 1.38 percent to its highest level in nearly 17 years on Friday, after an analyst at Bank of America Merrill Lynch upgraded the stock. Analyst Tal Liani upgraded shares of Cisco to buy from neutral and raised his price target to $46 from $37. The new target …

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Ethereum hits record high; bitcoin briefly recovers $16,000

Digital currency ethereum climbed Friday to a record high, while bitcoin attempted to recover from a recent slump. Ethereum briefly rose 9.6 percent to an all-time high of $1,075.39 Friday, according to CoinMarketCap. The digital currency had pared gains midmorning Friday and was trading about 3 percent higher near $1,014. …

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Trump’s huge offshore drilling plan unlikely to spark a ‘gold rush’

Those areas also lack the vast infrastructure that has emerged around the U.S. offshore drilling hub in the central Gulf of Mexico. “You have to put in a huge amount of infrastructure, and the return of investment on such infrastructure is not there. The price of oil is too low,” …

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Trump heads to Camp David this weekend to talk 2018 GOP agenda

Getty Images President Donald Trump (C), House Speaker Paul Ryan (R-WI) (L), Senate Majority Leader Mitch McConnell (R-KY) (2nd L) and Vice President Mike Pence make their way to a news conference announcing Congress passing the Tax Cuts and Jobs Act on the South Lawn of the White House on …

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Cryptocurrency ripple briefly drops more than 11%

Ripple tumbled more than 11 percent, dropping below $3 Friday, after crossing above that level for the first time two days ago. The digital currency, officially called XRP, was trading near $2.83, down 11.56 percent on the day and off 26 percent from its record high of $3.84 hit Thursday, …

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Here’s what to expect at CES 2018

Anadolu Agency | Getty LAS VEGAS, USA – JANUARY 08 : A woman tries virtual reality and wearable technology product during the 2017 Consumer Electronics Show in Las Vegas, Nevada, USA on January 08, 2017. (Photo by Bilgin S. Sasmaz/Anadolu Agency/Getty Images) This year’s CES, formerly known as the Consumer …

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