Month: July 2018

The proposed eco-lodges in Hatta, UAEMeraas Signs offering western junk, a Route 66 diner, Winston cigarettes and oregano adorn plans for a visitor center welcoming international travellers to an ecotourism destination set in the scenic mountainside outside… Dubai? As the UAE looks to diversify its tourism sector, developer Meraas released photos this month of projects bringing the kitschy
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The market’s favorite technology stocks are tanking as investors growing concerned over the companies’ ambitious growth targets following disappointing financial results from Facebook and Netflix this month. The NYSE FANG+ index is down more than 10 percent from its high of 3,062.88 in mid-June after its 2.7 percent drop Monday to the 2,737 level. FANG
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The IBM blockchain platform aimed at financial services was launched today, according to a CNBC news report. IBM currently holds several blockchain-based patents and is working on several different projects with Distributed Ledger technology. IBM Paves the Way When cryptocurrency began its ramp up back in mid-2017, several banks around the world started eyeing blockchain technology to see
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If cryptocurrency is decentralizing the world of money, a new bitcoin wallet startup thinks it could also help decentralize the world of work. Revealed exclusively to CoinDesk, Misthos launched its multi-signature wallet Monday on top of Blockstack‘s decentralized application platform. One of the first enterprise products launched on Blockstack, the wallet is designed for project
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Kim Kardashian promotes Bitcoin: Reality television star Kim Kardashian-West announced to her 114 million Instagram (IG) followers that she staked a physical Bitcoin (BTC) in a charity poker event in LA last night. West’s sisters, Kendall Jenner and Khloe Kardashian, along with their mother Kris Jenner, hosted a table at yesterday’s ‘If Only’ Texas Hold’Em Charity Poker
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Ali Mohammadi/Bloomberg Iran’s rial plunged from 98,000 IRR/USD on Saturday to 112,000 IRR/USD on Sunday on Tehran’s Ferdowsi Street. That stunning 12.5% one-day plunge has pushed the rial into a classic death spiral. The last time the rial was in a grip of such a spiral was back in September 2012. The chart below shows
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4:00 AM ET Fri, 27 July 2018 It used to belong to Mel Gibson and looks like it belongs in the middle ages. The “Braveheart” actor lived in this massive Connecticut mansion on 75 acres, but now it’s back on the market. Reporter Robert Frank takes you inside the unique property to see what $20
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High-yield funds with rate hedges increase risk at worst possible time. (Photo by: MyLoupe/UIG via Getty Images) Often, simpler is better in finance and that definitely applies in the case of “hedged” high-yield funds. These funds own high-yield bonds with interest rate hedges. The three that I know of are HYGH (Blackrock) HYZD (WisdomTree) and
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The Securities and Exchange Commission rejected a proposal by Cameron and Tyler Winklevoss, founders of crypto exchange Gemini, for the first-ever cryptocurrency ETF. Last year, the SEC disapproved an application for the “Winklevoss Bitcoin Trust” but in June the group submitted a proposed rule change. Among other arguments, the agency said in a release Thursday
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The entrance to Dubai Mall’s VR Park which opened in March 2018.Brennan Cusack Dubai’s new theme park offers experiences from desert safaris to skydiving, bank heists to lessons in surviving the apocalypse all within a 26,000 square foot space in Dubai Mall. Welcome to VR Park. For $40, visitors can get unlimited access to 18
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Expedia Group shares jumped on Friday after the travel website operator reported a quarterly profit well above estimates. The company reported a second-quarter profit of $1.38 per share on Thursday, beating the 89 cent consensus estimate by Thomson Reuters. Revenue for the second quarter, meanwhile, fell in line with analysts’ expectations at $2.88 billion. Shares
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The stock market moved higher early in the week, as the better-than-expected earnings from Alphabet (GOOGL) helped fuel a 0.48% gain in the S&P 500 on Tuesday. The market was hit by selling pressure late in the week, however, as the plunge in Facebook (FB) added to the investor nervousness ahead of Friday’s GDP report.
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