Thursday, October 19, 2017

George Soros foundations now control $18 billion

Investor George Soros has transferred about $18 billion, the majority of his estimated fortune, to his Open Society Foundations, making them the second largest philanthropic grant-making group in the United States, according to media reports on Tuesday. Reuters -- The foundations already controlled billions of...

Forbes magazine published a list of the richest Americans

Bill Gates for the 24th time in a row became the richest man in the US, leading the rating published by Forbes magazine. The state of the head of Microsoft reaches 89 billion dollars. The head of Amazon, Jeff Bezos, was the second with 81.5 billion...

For the first time: Dow Jones Industrial Average breached the 23,000 mark

The Dow Jones Industrial Average breached the 23,000 mark for the first time on Tuesday, led by a more than five-percent gain in UnitedHealth, Reuters reports. The broader market was weighed down by losses in industrial, financial, and technology stocks. Shares of the largest US health...

Dow, S&P 500 and Nasdaq all closed on record highs

The S&P 500, the Dow, Nasdaq and the Russell 2000 indexes all posted record high closes for the second straight day on Tuesday, helped by gains in carmakers after strong September vehicle sales and a jump in airline shares. The Dow added 84 points to...

Bitcoin payments will not be legalized in Russia — ministry

Bitcoin payments will not be legalized in Russia, Deputy Finance Minister Alexey Moiseev told reporters on Tuesday. "No regulator doubts that payments will be banned," Moiseev said, as cited by Russian news agency TASS. At the same time, Head of the State Duma for the Financial...

Jennifer Lopez announces she’s donating $1 Million to help Puerto Rico

Superstar Jennifer Lopez is donating $1 million from proceeds of her Las Vegas show to help provide hurricane relief in Puerto Rico and the Caribbean. She made the announcement yesterday - in English and Spanish - during a press conference with New York governor Andrew...

UK weapons companies made £6bn from Saudi since it started bombing Yemen — research

British arms companies have earned more than £6bn from their trade with Saudi Arabia during the ongoing war in Yemen, new research has found. War Child UK claimed the true revenue from dealings with the Gulf state are almost double previous estimates, despite only around...

US Senate passed $700 billion defense policy bill

The U.S. Senate passed its version of a $700 billion defense policy bill on Monday, backing President Donald Trump's desire for a bigger, stronger military but setting the stage for a battle over government spending levels later this year. In an overwhelming 89-to-8 vote, the...

EU plan to raise more taxes for global internet firms faced first signs of scepticism

A European Union plan to raise more tax from digital multinationals faced the first signs of scepticism on Saturday, as smaller members of the bloc warned about the economic impact from such a move.

JPMorgan CEO Jamie Dimon says bitcoin “is a fraud”

JPMorgan Chase & Co. CEO Jamie Dimon on Tuesday called bitcoin a "fraud" and vowed to fire any employees who trade in the crypto-currency. https://twitter.com/BreakingVop/status/907666408582066176 “The currency isn’t going to work,” Dimon said at an investor conference in New York, according to reports. “It’s a fraud” and...

China is reported to be planning to ban bitcoin exchange trading

Beijing is reported to be planning to ban bitcoin and other cryptocurrencies trading on domestic exchanges, according to several media reports. The restriction would come after China prohibited initial coin offerings last week, as by cited RT. “Trading volume would definitely shrink. Old users will...

Venezuela to drop US dollar

The Venezuelan government has decided to sell commodities in currencies other than the US dollar in a bid to escape from Washington-imposed sanctions on the country. President Nicolas Maduro said Venezuela would start selling oil, gas and other products in new currencies, including the Chinese...

US approved multi-billion dollar arms sales to Bahrain

US State Department has approved multi-billion dollar arms sales to Bahrain amid Manama's intensifying crackdown on dissent. According to the Pentagon, the arms packages worth over 3.8 billion dollars include F-16 fighter jets, advanced missiles and patrol boats. The approval followed the US president’s promise in...

Russia to regulate Bitcoin market: finance minister

Russia to regulate Bitcoin market, reported Reuters citing finance minister -- Russia's finance ministry wants to regulate the circulation of crypto-currencies involving Russian citizens and firms, Finance Minister Anton Siluanov said on Friday.

US dollar declined against most major currencies

The U.S. dollar declined against most major currencies on Friday as investors were digesting the latest remarks from a key Federal Reserve official. In late New York trading, the euro rose to 1.2028 dollars from 1.2007 dollars, while the dollar bought 107.80 Japanese yen, lower...

US House panels to hold hearings on Equifax data breach

U.S. House panels to hold hearings on Equifax data breach, told Reuters on Friday. Two committees in the U.S. House of Representatives will hold hearings on the Equifax Inc data breach that may have exposed personal information of many as 143 million U.S. consumers, committee...

Congress approves Trump’s aid and debt deal with Democrats

U.S. Congress approves President Donald Trump's aid and debt deal with Democrats, told Reuters on Friday. U.S. lawmakers approved a bill on Friday extending the government debt limit for three months and providing about $15 billion in hurricane-related aid, delivering on President Donald Trump's surprising...

Netanyahu wife faces possible graft trial, ministry

Netanyahu wife faces possible graft trial, ministry says -- Sara Netanyahu, the Israeli prime minister's wife, is suspected of spending some $100,000 of state funds on her own dining and catering services, according to the justice ministry. Israel's Attorney General Avichai Mandelblit considers prosecuting Sara...

FEMA may run out of funds on Friday, senators

FEMA may run out of funds on Friday, senators -- The U.S. Federal Emergency Management Agency will run out of disaster assistance funding on Friday unless Congress approves more money, two Florida senators warned on Thursday.

China bans North Korean businesses amid sweeping sanctions

On Friday, the Chinese Commerce Ministry banned North Korean individuals and companies from opening or expanding businesses in China, Reuters reports. The move comes after the UN Security Council imposed sanctions on Pyongyang earlier in August. The ban extends to new joint venture enterprises, new wholly-owned...

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