Month: April 2018

As Bitcoin Plunged, These Crypto Hedge Funds Kept Making Money

Bitcoin’s terrible start to 2018 is highlighting the appeal of cryptocurrency hedge funds that make money in both bull and bear markets. Funds specializing in virtual currency market making and arbitrage strategies delivered first-quarter gains even as their mostly bullish peers lost 40 percent on average. That’s a big reversal from last year, when digital …

Apple shares fell about 7 percent in 2 days.

Apple shares fell about 7 percent in 2 days. Experts point out the possibility that Apple’s latest smartphone model iPhone X sales may be below market expectations in the first quarter of this year due to weak chip demand, so investors have reported that investors are in a position to sell against Apple shares. US …

JP Morgan’s ‘Paris’ decision.

JP Morgan’s ‘Paris’ decision. JP Morgan is planning to move 200 banking positions from London to Paris after Brexit. JP Morgan, after Brexit, is considering moving 200 of its banking positions in London to Paris. According to Les Echos in France, the Macron government reforms have influenced Paris’s takeover of Frankfurt in the international preferences …

Unemployment claims in the US are at the lowest level in three weeks.

Unemployment claims in the US are at the lowest level in three weeks. Unemployment in the United States fell to the lowest level of three weeks to 232,000. In the US, weekly unemployment benefits fell to the lowest level of three weeks, with a decrease of a thousand people, to 232,000. Expectations in the markets …

Allergan moves in as Shire rebuffs $63 billion Takeda bid

NEW YORK/LONDON (Reuters) – Drugmaker Shire (SHP.L) has rejected a third takeover bid worth nearly $63 billion from Japan’s Takeda Pharmaceutical (4502.T), although talks are continuing, while sources said Allergan (AGN.N) was also in competing negotiations. It is not clear whether Botox maker Allergan has submitted an offer, and there is no certainty of a …

Exclusive: China looks to speed up chip plans as U.S. trade tensions boil

BEIJING (Reuters) – China is looking to accelerate plans to develop its domestic semiconductor market amid a fierce trade stand-off with the United States and a U.S. ban on sales to Chinese phone maker ZTE that has underscored the country’s reliance on imported chips. Senior Chinese officials have held meetings this week with industry bodies, …