The Big Q: Was Bitcoin’s Dive Really Caused By a “Hack”? $BTCUSD At the weekend the price of Bitcoin hit a 2-month low on the Bitfinex exchange and bounced a bit. The Big Q: Was the cause of the dive really a ‘hack’? The Big A: Some think that the hack on a SKorean exchange […]
Bitcoin Surges Past $5,000 $BTCUSD $JPM, $GS, $GOOGL Bitcoin’s surge has divided the financial community between those convinced it is a bubble on the verge of popping. Questions being asked on Wall Street and Main Street about speculation on Bitcoin after the digital currency breached 5,000 for the 1st time, pushing this year’s gains to more […]
HSBC is said to ban staff buying stock, bonds on own account. HSBC Holdings Plc has instructed about 6,000 employees of its global markets division to cease buying single-name securities on their personal accounts. Purchases of single-name stocks, bonds and concentrated exchange-traded funds will be prohibited, Global Head of Markets Thibaut de Roux told staff […]
President Trump’s Voter Fraud Investigation Paving the Way for Tough Rules US President Donald Trump’s investigation into voter fraud in the Y 2016 election will pave the way for tough voting rules including stringent ID requirements. This is a signal of the Trump administration’s support for changes in laws that could create new restrictions on […]
China’s Central Government Opens Up its Capital Market The volume of approved foreign institutional capital investing in China’s capital market picked up in October thanks to more opening-up policies. The accumulated volume of the approved Qualified Foreign Institutional Investors (QFII) program grew by US$2.7-B in October to reach about US$84.4-B as of 27 October. The […]
Medical Marijuana Update The DEA again rejects marijuana rescheduling, a North Dakota initiative makes the ballot, a South Dakota one doesn’t, a Missouri one hangs on by a thread, and more. National Thursday, DEA again refused to reschedule marijuana. The DEA today again refused to reschedule marijuana, arguing that its therapeutic value has not been […]
Saudi Stock Market Easing Restrictions on Foreign Investment Ownership limits and minimum qualifications for overseas institutions will be eased next month Saudi Arabia will ease restrictions on foreign investment in its securities markets next month, sooner than previously indicated, in an effort to attract more institutional money into its exchange, the regulator said Wednesday. With […]
Medical Marijuana Update A 2nd Arkansas medical marijuana initiative is still alive (one has already qualified for the ballot), Boston gets its 1st dispensary, Minnesota chronic pain patients now qualify for medical cannabis, and more. ArkansasLast Friday, a medical marijuana got more time to gather signatures. Arkansans United for Medical Marijuana, the group behind the […]
Medical Marijuana Update Some US senators take the 1st step on medical marijuana, a California cannabis-growing county approves a massive cannabis growing farm, Montanans will have the chance to reinstate their medical cannabis system in November, and more. National Last Friday, a CBD research bill was filed in the Senate. Four members of the Senate […]
Offshore Buyers Drive Canadian Home Prices Higher or Are They With house prices up by double digits in Canada’s Toronto and Vancouver areas, offshore buyers, mainly from China, have fueled public concerns over whether they are inching the Canadians’ home-ownership dream further out of reach. These concerns have been dismissed by local economists, who say […]
Medical Marijuana Update National State Department Says NIDA Monopoly on Research Marijuana Unnecessary. The Bureau of International Narcotics and Law Enforcement at the State Department has gone on record stating that the United States could issue multiple licenses for the cultivation of cannabis for medical and scientific purposes without violating the United Nations Single Convention […]
Government Regulations Cost US Companies $4-T+ $DIA, $SPY, $QQQ, $VXX The cost of US regulations is larger than Germany’s economy, amounting to a $4-T loss to the American economy, according to a report Thursday. The study by the Mercatus Center at George Mason University found that regulations over the past several decades amount to a […]
Medical Marijuana Update Medical Marijuana for veterans advances in the Senate, Pennsylvania is set to become the 24th Medical Marijuana state, things are busy in Ohio, and more. National On Thursday, a Senate committee approved veterans’ access to medical marijuana. The Senate Appropriations Committee passed a bipartisan amendment Thursday, 20 to 10, allowing Veterans Administration (VA) doctors to […]