Bitcoin Has 'No Intrinsic Value,' As UK Moves Towards Crypto Ban
Bitcoin and cryptocurrency regulation has been pushed into the limelight over recent weeks, thanks to social media giant Facebook's high profile plans to launch its own potential rival to bitcoin sometime next year.
Why Silicon Valley Investors Just Can't Quit Saudi Money
Silicon Valley is beginning to question its ties with Saudi Arabia. But there are many skeptics these days who privately question whether the relationship will actually change once the news of the day moves away from the Middle East.
Egypt Moves To End State Monopoly Of Natural Gas Market
The new law sets up a natural gas regulatory authority charged with licensing and devising a plan to open the gas market to competition
Gabrielle Bernstein: The Universe Has Your Back | SuperSoul Sessions | Oprah Winfrey Network
Many of us believe the universe sends us messages, whether we notice them or not. Gabrielle Bernstein says one of those messages for her came in the form of a turkey! Yes, a turkey! Gabrielle explain...
Qatar Sovereign Fund Moves Stakes To Govt, May Sell Assets
<p>Qatar’s sovereign wealth fund has transferred over US$30 billion worth of its domestic equity holdings to the finance ministry and may sell other assets as part of a restructuring drive, people familiar with the matter told Reuters.</p>
Google Gets Closer To Building Its Own City In San Jose
Google has been making major development moves in downtown San Jose and recently the City Council agreed to negotiate a sale of 16 parcels of land owned by the city. Here's how this real estate investment can benefit the company and the area.
Hedge Funds Flat With CTAs Lagging, Says Lyxor
The Lyxor Hedge Fund index was about flat during the past week, according to the latest weekly brief from the Lyxor Cross Asset Research Team. Lyxor says that CTAs lagged with losses concentrating in their long US and Canadian bonds, in their long CAD, as well as in their short soft commodities, while moves in other strategies were mild.
Tudor's New Event Hedge Fund Gaining 9% Is Bright Spot For Firm
As the strategy that made him a billionaire flounders, Paul Tudor Jones has found a new way to make money. Jones, who’s renowned for betting on macroeconomic trends, made his first foray into wagering on companies undergoing mergers and restructurings last year. The event-driven Tudor Riverbend Crossing Partners fund rallied 9.3 percent in the first five months of 2017 in its founder’s share class, outperforming peers, according to an investor letter seen by Bloomberg News. The new strategy is one of a series of moves by Jones, 62, to revive Tudor Investment Corp. in Greenwich, Connecticut. The founder has trimmed...
Early VC Behind Uber, Snap Invests In Marijuana Breathalyzer
In a first for the legal marijuana industry, a prominent venture capital firm has made moves to cash in. Hound Labs, an Oakland-based startup that makes a breathalyzer for marijuana, announced a new $8.1 million round of funding led by Benchmark Capital. In the past, the Silicon Valley venture firm made early bets on Uber, Snap, Dropbox, and WeWork, among other technology giants.
Hedge Fund Plummets 62% After Betting Against The Chinese Economy
A hedge fund at Emerging Sovereign Group that has bet against the Chinese economy sunk about 62 percent this year through April. The Nexus fund dropped 8.2 percent last month, according to an email to investors seen by Bloomberg News. The April results mark at least the third consecutive month of negative returns for the fund. China bears have suffered as economic growth accelerated in the first quarter and officials have been guiding the yuan higher against the dollar in a move that’s caught market watchers by surprise. The Nexus fund gained 35 percent in 2015, profiting from moves by...