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Bitcoin Price At Another All-Time High, Crosses $1,750 Driven By Heavy Demand

Bitcoin Price At Another All-Time High, Crosses $1,750 Driven By Heavy Demand
Written by Tyjuan Dahl on 2017-05-11


During the early hours of May 10, the price of Bitcoin — the most popular cryptocurrency, as of now — crossed $1,750, the highest it has ever been. But in the last few weeks, Bitcoin seems to have formed a habit of breaking price records, having gained almost 90 percent in six weeks.The cryptocurrency was trading at almost $925 on March 24, and according to the price tracker on industry website...(Read More)

EU wants tougher global trade rules to fend off populist threat

EU wants tougher global trade rules to fend off populist threat
Written by James Malloy on 2017-05-11


Europe will press the US and China for tougher world trade rules in a fresh effort to fend off the inequalities of globalisation that have been seized on by hard-right nationalists such as Marine Le Pen of France.In a paper on Wednesday that rejects the kind of isolationist turn advocated by US president Donald Trump, the European Commission will call for stronger global rules and institutions to...(Read More)

Early movers: STRP, SNAP, FOXA, WFM, KSS, TEVA, YUM & more

Early movers: STRP, SNAP, FOXA, WFM, KSS, TEVA, YUM & more
Written by Lance Stover on 2017-05-11


Lucas Jackson | Reuters Traders on the floor of the New York Stock Exchange wait for Snap Inc to post their IPO in New York, March 2, 2017. ...(Read More)

U.S. weekly jobless filings fall; producer prices rebound strongly

U.S. weekly jobless filings fall; producer prices rebound strongly
Written by Louis Downey on 2017-05-11


WASHINGTON New applications for U.S. jobless benefits unexpectedly fell last week while producer prices rebounded strongly in April, pointing to a tightening labor market and rising inflation that could spur the Federal Reserve to raise interest rates in June.Labor market strength was also underscored by a sharp drop in the number of Americans on unemployment rolls to a 28-1/2-year low in the final...(Read More)

Midway food court changes: Goodbye, Potbelly and Harry Caray

Midway food court changes: Goodbye, Potbelly and Harry Caray's. Hello, Home Run Inn and Schaller's Pump
Written by Brad Walters on 2017-05-11


If you're flying out of Midway over the next week or so, the airport could look very different when you get back in town.Most existing restaurants, bars and cafes at Midway Airport will close over a nine-day period starting Friday and be replaced with new venues as part of a $75 million renovation of the airport's concession area. The overhaul is part of the larger Midway Modernization program, announced...(Read More)

Economic Stability 2016: Financial Leaders Urge Normalized Behavior As Fed Looks At Interest Rate Hike

Economic Stability 2016: Financial Leaders Urge Normalized Behavior As Fed Looks At Interest Rate Hike
Written by Tyjuan Dahl on 2017-05-11


Central banking authorities should not be afraid to return to normalized behavior in 2016, the Bank for International Settlements said Sunday in its quarterly report. As new jobs are created in the U.S. and the market becomes more shock absorbent, the BIS analysis urged a return to normalcy.In a post-recession world, markets will never be completely immune to fluctuation, and emerging markets remain especially...(Read More)

Renault expects return to normal production on Monday after cyber attack

Renault expects return to normal production on Monday after cyber attack
Written by Reuters on 2017-05-14


PARIS French carmaker Renault expects to be able to resume normal production on Monday in the factories that were hit by a global cyber attack, a spokesman said."Nearly all plants should be able to resume their activity tomorrow," the spokesman said on Sunday. Renault said on Saturday that it had stopped production at several sites to prevent the spread of a global cyber attack that hit its computer...(Read More)

More bucks for Bang: Netmarble founder urges South Korea to support start-ups

More bucks for Bang: Netmarble founder urges South Korea to support start-ups
Written by Reuters on 2017-05-08


SEOUL When mobile gaming firm Netmarble Games (251270.KS) debuts on Friday, its founder Bang Jun-hyuk will be the only billionaire in South Korea's top-10 wealthiest stock holders with no ties to the chaebol, the mainly family-owned industrial conglomerates that dominate Asia's fourth-largest economy.Bang's is a rare Korean rags-to-riches story, and the high-school dropout with two business failures...(Read More)

Banks planning to move 9,000 jobs from Britain because of Brexit

Banks planning to move 9,000 jobs from Britain because of Brexit
Written by Reuters on 2017-05-08


LONDON The largest global banks in London plan to move about 9,000 jobs to the continent in the next two years, public statements and information from sources shows, as the exodus of finance jobs starts to take shape. Last week Standard Chartered (STAN.L) and JPMorgan (JPM.N) were the latest global banks to outline plans for their European operations after Brexit. They are among a growing number...(Read More)


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