Month: September 2017

The world’s largest hedge fund told clients the Fed is making a mistake

Bridgewater, the world’s largest hedge fund firm, says the Federal Reserve and other central banks will cause problems by raising interest rates from historic lows. Bridgewater says the Fed has miscalculated the risks, such as economic sensitivity to interest-rate changes. The world’s largest hedge fund told clients the Federal Reserve was making a mistake by raising interest rates. Read...

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What is Jesus Coin, and Does it Foretell the End of Cryptocurrencies?

With the rush of new cryptocurrencies hitting the market, it was only a matter of time before someone took the craze to an extreme. What may have been harder to predict, however, was that this extreme would also involve some light blasphemy. Forbes reports that a new cryptocurrency called “Jesus Coin” has launched and is drawing substantial amounts of investor interest and attention. And yet, the currency itself seems to have been launched as a hoax or as a joke. With the success of a cryptocurrency as off-the-wall as Jesus Coin, is this the latest and surest sign that...

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Kollektivselskap starter bilutleie

Vi vil tilby en leiebil når de skal til og fra barnehagen, eller når de skal på hytta og ikke får det til med kollektive transportmidler, sier direktør Odd Aksland i det fylkeskommunale kollektivselskapet Kolumbus i Rogaland. Kolumbus er allerede tidlig ute med å teste ut føreløse busser. Nå er de ifølge seg selv det første kollektivselskapet i landet som tilbyr leiebiler til kundene sine. Les mer...

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Backstory: The fate of trillions of dollars rests on 30 minutes with the Fed

Month after month, the direction of global financial markets is set precisely at 2 p.m. Eastern Time from the basement of a nondescript, Washington, DC, office building. It’s an unlikely place – far from global money centers – but this is where reporters and editors from Reuters, along with other major media organizations, are sequestered ahead of the release of the policy statement from the U.S. Federal Reserve’s Federal Open Market Committee meeting. Les mer...

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