Bitcoin hits record high after developers suspend plans to ‘fork’ currency

Gertrude Chavez-Dreyfuss, Jemima Kelly NEW YORK/LONDON (Reuters) – Bitcoin hit a record high just shy of $8,000 on Wednesday after a coalition of developers and investors suspended a software upgrade planned for next Thursday that could have split the digital currency in two. Bitcoin (virtual currency) coins placed on Dollar banknotes are seen in this illustration Read more about Bitcoin hits record high after developers suspend plans to ‘fork’ currency[…]

Sky-high stock market has investors looking to commodities

Devika Krishna Kumar, Chris Prentice NEW YORK (Reuters) – A growing number of investors are plowing money into commodities, seeking to diversify their holdings on gnawing concerns about a stock market correction as equities scale new highs almost daily. Low interest rates, solid economic growth across the globe and rising corporate earnings have hoisted the S&P Read more about Sky-high stock market has investors looking to commodities[…]

Oil prices stabilize just below two-year highs

Christopher Johnson LONDON (Reuters) – Oil prices steadied just below two-year highs on Thursday, supported by supply cuts by OPEC and other major exporters including Russia. Benchmark Brent crude oil LCOc1 was unchanged at $63.49 a barrel by 0840 GMT. On Tuesday, Brent reached an intra-day high of $64.65, its highest since June 2015. U.S. Read more about Oil prices stabilize just below two-year highs[…]

Gold demand slides to eight-year low in third quarter of 2017: WGC

Jan Harvey LONDON (Reuters) – Gold demand slid to its lowest in eight years in the last quarter as jewelry buying fell and inflows into bullion-backed exchange traded funds dried up, data from the World Gold Council showed on Thursday. Overall demand fell 9 percent to 915 tonnes, its weakest since the third quarter of Read more about Gold demand slides to eight-year low in third quarter of 2017: WGC[…]

CME’s planned bitcoin futures will attempt to rein in big price swings

Evelyn Cheng | @chengevelyn Jaap Arriens | NurPhoto | Getty Images The world’s largest futures exchange wants to guard against extreme volatility in its planned bitcoin futures product. CME will implement special price fluctuation limits at 7 percent and 13 percent above or below the prior settlement price, and prevent trading outside the 20 percent range, according to Read more about CME’s planned bitcoin futures will attempt to rein in big price swings[…]

Gradual rate hikes in the US are the best option, says Fed’s Mester

Fed’s Mester: Path of inflation gradually moving upward  1 Hour Ago | 01:31 A gradual increase in interest rates is the best way to deal with inflation and support the U.S. economy, Loretta Mester, president and CEO of the Federal Reserve Bank of Cleveland, told CNBC Thursday. “I think a gradual path is the best strategy Read more about Gradual rate hikes in the US are the best option, says Fed’s Mester[…]

Siemens set to complete work for health unit IPO by March 2018, CEO says

Silvia Amaro | @Silvia_Amaro Siemens Healthineers IPO timing dependent on market conditions: CEO  2 Hours Ago | 00:49 Siemens is set to conclude internal preparations to sell its health care unit by the end of March of next year, the chief executive officer told CNBC Thursday. “We have a fascinating health care business,” Joe Kaeser, CEO Siemens told Read more about Siemens set to complete work for health unit IPO by March 2018, CEO says[…]

Hundreds of millions of dollars in Ethereum frozen in ‘accidental’ coding mistake

Users locked out of Parity multisignature wallets Ethereum has a current market cap of around $28 billion. By MIKEMURPHY – EDITOR Up to $300 million in ether, the cryptocurrency on the Ethereum platform, was frozen Tuesday in a potentially catastrophic coding mistake. The lockdown affects those using multisignature wallets — which require multiple parties’ consent as an Read more about Hundreds of millions of dollars in Ethereum frozen in ‘accidental’ coding mistake[…]

Roku earnings: After IPO, these are the numbers to watch

Streaming-video company focusing on platform revenue, which comes from three different areas, instead of hardware sales Platform revenue is key to the company’s growth as hardware sales may continue to shrink. By MAXA. CHERNEY – TECH REPORTER Roku Inc. executives have been very clear during and since the company’s initial public offering: The company’s success lies in Read more about Roku earnings: After IPO, these are the numbers to watch[…]

Why U.S. stocks don’t belong in a global portfolio—now, say strategists

Globally diversified portfolio outperforms U.S.-only portfolio in the long term By ANORAM. GAUDIANO – REPORTER U.S. equities have enjoyed such a record-setting climb within the past year that long-term expected returns look dismal compared with other assets around the globe, causing analysts at Research Affiliates to advise against including any U.S. equities in an investment portfolio at Read more about Why U.S. stocks don’t belong in a global portfolio—now, say strategists[…]