Business Q U.S. News

Kenneth Cole Steps Down as amfAR Chairman

(Hollywood Reporter)  The designer made the announcement during the organization’s annual gala Wednesday night at Cipriani Wall Street. Kenneth Cole is stepping down as amfAR chairman, the designer announced at the charity’s annual gala in New York Wednesday night. “Today my 14-year term as chairman concludes,” he said. “It has been a true privilege to […]

Business

Dow closes 567 points higher after crazy market swings

(CNBC)  After two huge sell-offs in a row, U.S. stocks were all over the map on Tuesday. Investors blamed the wild moves on a combination of interest-rate fears, computer-driven trading and the obscure volatility funds that use leverage. The Dow Jones industrial average opened with a big whoosh lower, then rallied all the way back. The Dow […]

Business U.S. News

Cryptocurrency adoption on the horizon?  U.S. regulators to back more oversight of virtual currencies

WASHINGTON (Reuters) – Digital currencies such as bitcoin demand increased oversight and may require a new federal regulatory framework, the top U.S. markets regulators will tell lawmakers at a hotly anticipated congressional hearing on Tuesday. Christopher Giancarlo, chairman of the Commodity Futures Trading Commission, and Jay Clayton, chairman of the Securities and Exchange Commission, will […]

Business World News

Russian Parliament Set To Make The CryptoRuble Legal Tender

(Zero Hedge)  With legislation to regulate the mining and trading of cryptocurrencies still awaiting consideration by the Russian Parliament, one lawmaker has introduced a draft bill to create a national cryptocurrency called “the CryptoRuble.” “The amendments proposed by the draft law … codify the digital financial asset as a legal means of payment on the […]

Business U.S. News

Trump applies tariffs to solar panels, washing machines

WASHINGTON (AP) — President Donald Trump on Monday approved tariffs on imported solar-energy components and large washing machines in a bid to help U.S. manufacturers. The Republican’s decision followed recommendations for tariffs by the U.S. International Trade Commission. “The president’s action makes clear again that the Trump administration will always defend American workers, farmers, ranchers, […]

Business U.S. News

Could Amazon Be Gearing Up For A Cryptocurrency Exchange?

(Zero Hedge)  Amazon.com may not only be gearing up to accept cryptocurriences as a means of payment, but I also believe that the company could be on its way to creating one of the world’s largest cryptocurrency exchanges in a move that would, I believe, be extremely synergistic for Amazon and would likely help them generate a substantial new […]

Business U.S. News

Fox in the Globalist Henhouse? Davos Awaits Trump’s Arrival

(New York Times)  DAVOS, Switzerland — As the annual meeting of the World Economic Forum gets underway here this week, the conversation among business and policy leaders in the Alps is already dominated by one topic: What will the first-time invitee President Trump say? Mr. Trump, who is to arrive later this week if the […]