Argentina looks to be headed for another economic storm
Argentina has started talks with the International Monetary Fund seeking financial rescue once again, as inflation soars and the currency sinks. Buenos Aires looks to be going through another economic nightmare, with prices rising rapidly while the Argentine peso drops....
Asian economies vulnerable to sudden global tightening and a protectionist shift: IMF
The growth outlook for Asian economies remains strong, but the region is vulnerable to sudden tightening in global financial conditions, further market corrections and a shift towards protectionist policies, the International Monetary Fund (IMF) said on Wednesday. In its regional...
Stocks making the biggest moves after hours: TripAdvisor, Electronic Arts, Match Group & more
Check out the companies making headlines after the bell: TripAdvisor stock soared 19 percent after hours. The travel and restaurant website company reported first-quarter earnings and revenue that surpassed Wall Street expectations. CFO Ernst Teunissen gave positive remarks regarding 2018...
Facebook forming a new blockchain group, headed by Coinbase board member
David Marcus, Facebook’s head of Messenger, is going to head up a new group focused on the blockchain technology that underlies bitcoin. “I’m setting up a small group to explore how to best leverage Blockchain across Facebook, starting from scratch,”...
Argentina’s peso bounces on report country is negotiating IMF loan
Argentina’s peso rebounded from a record low against the U.S. dollar on Tuesday following a report the Latin American nation could get a credit line from the International Monetary Fund. Bloomberg News reported that Latin America’s third-largest economy could get...
Ex-Trump advisor Gary Cohn: We need to do ‘tax cut 2.0’ and make personal reductions permanent
Gary Cohn, the former head of the National Economic Council and key advisor to President Donald Trump, said personal tax cuts need to be made permanent. In his first interview since exiting the White House, Cohn said that is the...
Job openings hit record high of 6.6 million
Job openings hit a fresh record in March, further defying opinion that the labor market is tightening and near full. The level hit 6.6 million, according to the Job Openings and Labor Turnover Survey released Tuesday. Even though JOLTS figures...
Tyler Winklevoss tells Bill Gates how to short bitcoin
Early bitcoin investor Tyler Winklevoss tweeted back at Bill Gates to explain how to bet against the cryptocurrency, after the Microsoft co-founder said he would short it if he could. “Dear @BillGates there is an easy way to short bitcoin,”...
Jamie Dimon: Economy is ‘strong’ but odds for another recession are ‘100 percent’
J.P. Morgan Chase Chairman and CEO Jamie Dimon thinks the U.S. economy is doing well for now. “America looks pretty good. … It looks like this [economic growth] may have legs to go. Maybe a year, maybe two, maybe more,”...
Alibaba expands South Asia footprint, snapping up Pakistani online retailer Daraz
Alibaba has bought Pakistani e-commerce firm Daraz, as the Chinese tech giant looks to increase its presence in South Asia. Financial details of the transaction, which was announced on Tuesday, were undisclosed. Daraz, founded in 2012, is backed by European...
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Trading education
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