Bitfinex users set to lose 36% of their holding in bitcoin hack

  • 08/08/2016 11:39 AM
  • Source: CNBC
  • by: Luke Graham
Bitfinex users set to lose 36% of their holding in bitcoin hack
The currency platform Bitfinex has taken more than a third off all accounts after last week’s cybertheft of nearly 120,000 bitcoins. On Saturday, Bitfinex confirmed it had spread losses among all users of the platform, rather than just users who had lost bitcoins. Read more

Colombia’s New, Legal Drug Barons Focus on Medical Marijuana

  • 08/04/2016 07:53 PM
  • Source: NY Times
  • by: EZRA KAPLAN
Colombia’s New, Legal Drug Barons Focus on Medical Marijuana
Last year, President Juan Manuel Santos spearheaded an overhaul of Colombia’s 30-year-old drug laws, which formally legalized medical marijuana for domestic use. Crucially, the new law also allowed the commercial cultivation, processing and export of medical marijuana products. Read more

4 Election Year Myths About Investing

  • 08/04/2016 04:00 AM
  • Source: Kiplingers
  • by: John Riley
4 Election Year Myths About Investing
Instead of paying attention to all the campaign hoopla, focus on protecting your portfolio in these uncertain times. Each election year, myths of all kinds are presented as gospel to investors. This year, investors might be especially at risk since this presidential election is, well, pretty crazy. Read more
Rio 2016: Economists question wisdom of hosting Olympics
The sports-related costs of the games in Rio is approximately $4.6 billion, 51 percent over budget. The overall cost of the games including all Olympic-related projects has been estimated at $12 billion. Will Brazil see long term benefits from this massive expenditure or will it be an economic disaster? Read more
Bitcoin worth $72 million stolen from Bitfinex exchange in Hong Kong
$72 million in Bitcoin was stolen from the exchange platform Bitfinex in Hong Kong. Bitfinex is one of the largest exchanges for bitcoin, and is known in the digital currency community for having a platform that has deep liquidity in the U.S. dollar/bitcoin currency pair. Read more

Callaway Golf shares score off Nike's market duff

  • 08/05/2016 12:35 AM
  • Source: CBS News
  • by: Jonathan Berr
Callaway Golf shares score off Nike's market duff
Nike's (NKE) decision to quit the golf equipment business could benefit much-smaller rival Callaway Golf (ELY) , whose shares surged Thursday on the news, even as the game that Mark Twain memorably described as a "good walk spoiled" struggles to retain its relevance. Read more
Facebook could owe $5 billion in back taxes
Facebook is digging in over its fight with the Internal Revenue Service. The social network said this week that it faces a potential $5 billion tax bill after moving some of its assets to Ireland. Read more
Tesla to acquire SolarCity in a $2.6 billion all-stock deal
Tesla Motors said it would buy solar panel installer SolarCity for $2.6 billion in shares to form a one-stop clean energy shop. The deal is a major part of Tesla Chief Executive Elon Musk's master plan "part deux" that calls for the company to offer consumers a single source of hardware to power a low-carbon lifestyle. Read more

Google Silences Doubters With Blockbuster Quarter

Google Silences Doubters With Blockbuster Quarter
It was a major recovery from a lukewarm previous quarter, proving that the internet behemoth still has room and energy to grow. Read more

Four Reasons Why Betting Against Apple Is A Fool's Game

Four Reasons Why Betting Against Apple Is A Fool's Game
Critics who think of Apple only as a device company see heftier services revenue as evidence that the company isn’t as innovative in hardware as it once was. But they are misreading the future of this company. Increasing services revenue isn’t a sign of weakness; it’s a sign that Apple knows how to adapt, which is perhaps the most critical skill for any technology company. Read more
Why Pokemon Go’s Popularity Won’t Last For Long
The Pokemon Go mania is in full retreat. The stocks which soared thanks to the gaming phenomenon are giving back a huge chunk of their gains. For example, Nintendo (NTDOY) doubled in just two weeks after Pokemon Go launched. In the last week it has given back more than half of those gains. Read more

Helicopter Money Won't Fix What's Been Broken

  • 07/15/2016 09:57 AM
  • Source:
  • by: Charles Hugh Smith
Helicopter Money Won't Fix What's Been Broken
Helicopter Money Won't Fix What's Been Broken. Creating "free money" to support bloated bureaucracies and corrupt cartels only makes the underlying problems worse. Read more