Canada’s iconic coffee and doughnut chain Tim Hortons may be on the verge of being acquired by Burger King in an attempt by the American company to move headquarters to a lower-tax country, the Miami-based burger giant confirmed in a statement Sunday. The merger would prompt the … [Read more...]
Mark Karpeles Alleged Bitcoin Scammer Launches Web Hosting Service
Mark Karpeles, the discredited and humiliated CEO of the now bankrupt Mt. Gox, appears to have established a brand new web hosting service, and has apparently steered clear of the peer-to-peer decentralized digital currency bitcoin. Karpeles has called the business Forever.net and … [Read more...]
Economists Warn Labor Market Less Dynamic Since 1990
When economists compare the United States labor markets of today and in 1990, there is a stark contrast. A new research paper by economists Steven Davis of the University of Chicago and John Haltiwanger of the University of Maryland, which will be presented to global central bankers … [Read more...]
U.S. District Judge Thinks Bitcoin Qualifies as ‘Money’, ‘Funds’
A U.S. District Judge in a case involving a Florida man, Robert Faiella, allegedly participating in a scheme to sell approximately $1 million worth of bitcoins to Silk Road users is making headlines in the bitcoin community. During the case, prosecutors requested that the New York … [Read more...]
Amagi Metals Drops U.S. Dollar in Favor of Bitcoin
Bitcoins for gold? That has become one of the latest trends among precious metals dealers that wish to profit off of the popularity of the peer-to-peer decentralized digital currency and seek to gain more clients who fear fiat money. Amagi Metals, one of the most successful metals … [Read more...]
Gallup Survey Shows U.S. Investors Unaware of Stock Market Gains
If you had an additional $10,000 what would you do with it? Would you set it aside in a low-interest savings account or would you invest a large sum of that money into the market? Well, if you’re in the majority then you’re likely to keep it out of the stock market. According to a … [Read more...]
Robert Shiller thinks bond, housing and stock markets may be in a bubble
Over the past several months, many leading economists and financial experts – even Federal Reserve Chair Janet Yellen – have concurred that there are various elements of the economy that are in a bubble or on the cusp of entering into the bubble phase. Some point to real estate while … [Read more...]
Canadian Employees in the Energy Industry Will Continue to Make More Money Than You
Canada’s rich energy sector is making its entire workforce a lot richer than other industries. A new study by Mercer released Monday found that the nation’s energy industry is projected to continue increasing salaries in Alberta and across the country into 2015. Workers in the … [Read more...]
10% of cancer survivors still smoke decade later
It seems cancer can’t even deter people from smoking. A new study has found that about 10 percent of cancer survivors are still smoking nearly a decade later. Study authors say that these survivors of cancer need assistance with letting go of the smoking habit and highlighted how … [Read more...]
50% of Americans are scared to take paid time off this year
Summer is a time when the livin’ is easy and families across the United States take time off of work and go on a holiday. This may seem like a scenario from the past because a considerable number of workers in the U.S. are forgoing the concept of vacation and instead staying at their … [Read more...]
Australian Tax Office (ATO) confirms bitcoin is not a taxable currency
After months of back and forth consumers alerts and tax notices, the Australian Tax Office (ATO) has finally confirmed in a guidance report Wednesday that peer-to-peer decentralized digital currencies, like bitcoin and litecoin, are not a form of money or a foreign currency but rather … [Read more...]
1 in 7 Americans can’t afford basic food nutrition
Despite being in one of the most advanced and wealthiest nations in the world, millions of Americans cannot afford to consume basic nutrition and are forced to rely on government and charitable food programs to get by, according to a new report that is shedding light on the number of … [Read more...]
CFPB warns consumers you are on your own if using bitcoin, digital currencies
The Consumer Financial Protection Bureau (CFPB) released its first consumer alert regarding bitcoin, dogecoin and other digital currencies last week. The federal agency listed a number of issues that they say have yet to be resolved and could harm unsuspecting consumers who are … [Read more...]
Russia imposes food sanctions on U.S. and other Western countries
Soon after the fall of the Soviet Union, Russians enjoyed the many food items that other countries export, such as delicious French cheese, scrumptious Canadian maple syrup and renowned Italian ham. Over the course of the next year, Russians will yet again have to do without. In … [Read more...]
Is it the end of optimism in the U.S.? Poll says yes
The American people have always been described as being optimistic. Whether the United States economy is in high gear or it is suffering the ill effects of bubble inducements, Americans usually remain optimistic that things will get better. But that level of positivity may be … [Read more...]
Snapchat becomes third most popular social app among millennials
Last year, social media app Snapchat shocked the world when a Wall Street Journal article revealed that the company rejected a $3 billion acquisition offer from Facebook. Snapchat CEO Evan Spiegel told Forbes that he thinks trading for the short-term “isn’t very … [Read more...]
Overstock.com CEO expects bitcoin sales to add 4 cents per share to its earnings
Soon after Overstock.com became one of the first major online retailers to accept bitcoins the website has experienced tremendous financial success since then. Its decision to incorporate the digital currency into its business model has helped its bottom line by adding four cents per … [Read more...]
London could become the epicentre of the bitcoin industry
First it was the Netherlands. Then it was the Isle of Man. Now it may be the United Kingdom. British policymakers are compiling a new report in order to review the possibility of transforming the country into a digital currency hub, according to an announcement from Chancellor … [Read more...]
Nasdaq Exec: Winklevoss bitcoin ETF is a significant innovation in ETF market
The Winklevoss Bitcoin Trust is in the midst of regulatory approval and it could be fully approved by the end of this year. Operating a bitcoin exchange-traded fund (ETF), each share will account for an amount of bitcoin held by the Trust. This could be a huge transformation for the … [Read more...]
Security report identifies bitcoin as a major target of financial malware attacks
A new security report published by Kaspersky Lab found that bitcoin is the objective of more than one-fifth of all financial malware attacks. The report entitled “IT Threat Evolution Q2 2014” (PDF) discovered bitcoin mining malware represented 14 percent of all attacks, eight percent … [Read more...]
