Speaking at a crammed Geekpark Conference in Beijing on Monday, Tesla Motors CEO Elon Musk said that the company will begin to manufacture vehicles in China within the next three to four years. Also, Tesla will begin establishing a large network of battery-charging stations in the … [Read more...]
Robert Shiller says investors should buy stocks, others warn market is in a bubble
Since the economic downturn and the beginning of the Great Recession, the United States stock market has somewhat rebounded primarily due to monthly stimulus courtesy of the Federal Reserve. Whatever the reason is for the increase in stock prices, one economist is urging investors to … [Read more...]
EU sanctions against Russia would destroy Cyprus economy: FM
If the Europe Union were to implement economic sanctions against Russia then it could very well “destroy” the economy of Cyprus, according to foreign minister Ioannis Kasoulides, who spoke with a German newspaper last week. "There are very strong economic ties between Cyprus and … [Read more...]
Americans see real estate as top long-term investment: Gallup
The United States real estate market is still rebounding from its crash at the height of the Great Recession. The Federal Reserve continues to pump monthly stimulus into the system that currently benefits homeowners and it seems that Americans still feel owning real estate is a great … [Read more...]
U.S. investment banker James Rickards says tie bitcoin to gold and avoid volatility
James Rickards, a portfolio manager at West Shore Funds and the author of "The Death of Money," has mixed feelings over bitcoin, at least that is what he appears to feel in his latest op-ed piece published Monday in the Darien Times entitled "Bitcoin meets the taxman." In his … [Read more...]
Sir Richard Branson: Bitcoin is ‘the pioneer of a global currency’
These days, it seems that the peer-to-peer decentralized virtual currency bitcoin needs a shot in the arm because the negative publicity it has garnered over the past month or two. Enter: Sir Richard Branson. Branson, a billionaire entrepreneur who made headlines late last year … [Read more...]
Creditors support Mt. Gox buyout: bitcoin investor
Earlier this month, we reported that a group of investors were interested in acquiring the bankrupt Mt. Gox bitcoin exchange platform for one bitcoin ($501). The initiative would have the website overhauled and revived and proceeds of transactions would be allocated to both users and … [Read more...]
Survey: The future is sci-fi with flying cars and teleportation within 50 years
Fifty years ago, humans believed that we would be colonizing the moon and potentially Mars, we would be flying hover crafts and teleportation would be a common method of traveling. In 2014, we haven’t accomplished any of those (yet), but humans are still optimistic that these are … [Read more...]
Poll: 71% of UK consumers don’t want to use bitcoin for shopping
Studies have previously shown that a minority of people understand what bitcoin is and would use it to purchase goods and services. A new poll has further confirmed that a majority of individuals still don’t want to use it nor do they trust it. A new YouGov poll commissioned by … [Read more...]
Industrial production rises higher than initial forecasts
Following a harsh winter that saw the economy experience a downturn, new data indicates that industrial production in the United States is gaining some momentum as it rose more than what was forecasted in the month of March. The Federal Reserve released figures Wednesday that … [Read more...]
German economy to grow nearly 2% this year, continue growth in 2015
Germany’s Ministry of the Economy announced Tuesday that the country will grow by 1.8 percent and continue that growth by two percent throughout next year. Europe’s largest economy slowed down last year and grew by just 0.4 percent because of a paucity of investment by private firms … [Read more...]
Report: Record amounts of gold and silver trading for bitcoin
Bitcoin has fallen a long way from its record high of nearly $1,200 late last year. Throughout the first quarter of this year, the digital currency has traded anywhere from $350 to $800 and many bitcoiners, even gold bugs, think it’s headed straight to the moon to as high as $100,000 … [Read more...]
Report: Changes in Census survey will prevent true analysis of Obamacare effects
The New York Times published a bombshell Tuesday when it reported that the Census Bureau would be dramatically transforming the way its conducts its surveys that will make it extremely difficult to conduct any authentic analysis of the effects of President Obama’s Affordable Care Act … [Read more...]
Ron Paul: Bitcoin is not real money
Anyone who has studied Ron Paul’s politics would know that he is a staunch proponent of competing currencies and that he opposes fiat money. His real alternative to government-backed currency, though, is gold and silver. Therefore, it may not surprise some that the author of “End the … [Read more...]
Ex-NFL superstar Chad Ochocinco Johnson getting into bitcoin
Celebrities are starting to hop on the bitcoin train. Ashton Kutcher, Roseanne Barr, Drew Carey, Snoop Lion and a former Spice Girl are just some of the well-known faces to become bitcoin investors. Lately, however, sports stars have started to become interested in bitcoin too. The … [Read more...]
Study finds nearly one-third of vehicles on road have unrepaired defect
Many have dubbed the past few months as the "season of recalls" as numerous automakers have ordered automobile recalls. The latest is Toyota, which is recalling more than 6.4 million vehicles around the world. Volkswagon also stopped selling one of its models after reports of leaks … [Read more...]
Former law professor Nick Szabo could be the creator of bitcoin according to new study
Last month, Newsweek claimed that it discovered who the real creator of bitcoin is: Dorian Satoshi Nakamoto, a 64-year-old Japanese-American living in Temple City, California, who had been part of a media chase across Los Angeles. It took only a couple of weeks for other news outlets … [Read more...]
Federal Reserve Bank President Narayana Kocherlakota is interested in bitcoin technology
Officials at the Federal Reserve haven’t necessarily been jumping for joy when the topic of bitcoin is brought up. Instead, most experts at the United States central bank usually dismiss the digital currency as nothing more than a flash in the pan and something for criminals. Not for … [Read more...]
WGC Report: Chinese gold demand to rise 25% by 2017
Gold started off the year strong after a rough 2013, but entering the second quarter is showing that gold can’t break the $1,400 mark. At the time of this writing, gold is trading at just over $1,300, while its silver counterpart has fallen to under $20. This decline could prove to be … [Read more...]
Do Amazon and other corporate giants need bitcoin
When will Amazon, Walmart and Target start embracing the peer-to-peer decentralized digital currency bitcoin? Perhaps never or maybe if bitcoin becomes a lot more mainstream. We reported Tuesday of how Amazon has reportedly declined to offer its millions of customers an option to … [Read more...]
