World News

Bitcoin buyers should look after themselves, top exchange CEO says

Traders tempted to invest in cryptocurrencies such as bitcoin must carry the burden of responsibility, according to the CEO of a leading cryptocurrency exchange. “I think ultimately consumers need to look out for themselves, look into the fundamentals of any coin along with not rely on any particular exchange to protect them via market volatility,” Jesse Powell, founder along with ...

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China to select theaters nationwide to show propaganda films

China plans to select 5,000 movie theaters to screen propaganda films in addition to will boost their box office with group sales, discounted tickets in addition to some other financial backing. The notice coming from the nation’s film regulator said the policy is usually intended to promote specific movies at special times to create a “people’s theater front,” a throwback ...

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Fastest correction ever may not necessarily mean a speedy rebound

U.S. stocks may take some time to recover coming from their violent plunge inside last two weeks, if history can be any guide. The S&P 500 dropped 10 percent into correction territory in just nine trading days, the fastest on record (outside of market crashes), according to Ryan Detrick, senior market strategist at LPL Financial. The stock index hit a ...

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Barack as well as Michelle Obama portraits unveiled

The National Portrait Gallery has two brand new additions to its collection of presidential portraits: Former president Barack Obama as well as former first lady Michelle Obama. The portraits, unveiled Monday, are currently part of the only complete collection of portraits of presidents outside the White House. The portrait of Obama, by artist Kehinde Wiley, featured him sitting in a ...

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The mysterious trader nicknamed ’50 Cent’ made $0 million last week as the market blew up

Market participants called the trader “50 Cent” due to his or her penchant for paying a fixed 50 cents on 50,000 VIX contract call options trades. The “50 Cent” moniker is usually in reference to the nickname of American rapper Curtis James Jackson III. Call options are derivatives instruments, betting on a cost increase for a specific index or security. ...

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Russia probe partly prompted Justice Department No. 3 official to quit

Bureaucratic inaction along with also also the prospect of adopting the intensely politicized Russia investigation were among the reasons Associate Attorney General Rachel Brand quit her high-ranking position at the Justice Department, NBC News reported Monday. Multiple sources close to Brand told NBC the department’s No. 3 official feared the possibility which, for one reason or another, Deputy Attorney General ...

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Ford to ramp up production of the Expedition as well as Lincoln Navigator

With demand for its redesigned full-size SUVs surging, Ford Motor is usually expanding production of the Expedition as well as Lincoln Navigator. The automaker will be increasing production of the two SUVs by approximately 25 percent. Both designs are manufactured at Ford’s truck plant in Louisville, Kentucky. “The response coming from our customers regarding our brand new full-size SUVs has ...

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weak ticket sales, likely losses

Seung-il Ryu | NurPhoto | Getty Images Workers building a stadium for the Pyeongchang Winter Olympics on October 30, 2017. Ticket sales are not helping, with only 60 percent sold so far, andthe choice of venue was an issue, the professor said. “Even with the high-speed rail, [PyeongChang] can be close to two hours away via Seoul — along with ...

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North Korea is actually at the Olympics — nevertheless probably won’t get to see much of the idea

ED JONES/AFP/Getty Images North Korean cheerleaders arrive at a rest stop as their bus convoy carrying a 280-member delegation on its way to the 2018 Pyeongchang winter Olympic games, makes its way past Gapyeong on February 7, 2018. North Korean athletes are to compete in figure skating, skiing as well as ice hockey events. The latter will see a unified ...

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