Stream of Reading (Prepare to be Forwarded) – An Archive of What I'm Reading
U.S. stocks traded sharply higher on Wednesday after the Federal Reserve raised its key interest rate for the first time in nearly a decade. The central bank increased its key borrowing rate by 25 basis points to 0.25%-to-0.50%, as expected at the conclusion of its two-day policy meeting. Policy makers voted unanimously to raise the…
America’s first interest rate hike in nearly a decade is here. The Federal Reserve raised its key interest rate on Wednesday from a range of 0% to 0.25% to a range of 0.25% to 0.5%. The rate hike is a small one, but it will affect millions of Americans, including investors, home buyers and savers….
The Federal Reserve on Wednesday raised its key interest rate for the first time in nearly a decade, expressing confidence that the economy has recovered sufficiently from last decade’s severe recession to withstand higher lending costs. All the same, Fed Chair Janet Yellen said the central bank’s 0.25 percent hike in its federal funds rate…
A new study finds that the majority of people who were billionaires in 1995 are no longer billionaires. What happened, billionaires??? Bloomberg reports on a new UBS survey of what became of the 1995 class of the world’s richest people: More than half, or 56 percent, of people with at least $1 billion in net…
It’s bad enough that Silicon Valley trounces New York City in venture-capital investment every quarter. But now it turns out that a software engineer in New York City has a lower standard of living, based on earnings, than his counterparts in every other tech hub of the country, including the San Francisco Bay Area, Seattle,…
Should You Repay Your Employees’ Student Loans? What’s This? Associations Now Brand Connection provides opportunities for advertisers to connect with the Associations Now audience. All content is paid for by the advertiser. The Associations Now editorial staff is not involved in creating this content. A growing trend in the financial and consulting sectors…
A monthlong Gizmodo investigation has uncovered compelling and perplexing new evidence in the search for Satoshi Nakamoto, the pseudonymous creator of Bitcoin. According to a cache of documents provided to Gizmodo which were corroborated in interviews, Craig Steven Wright, an Australian businessman based in Sydney, and Dave Kleiman, an American computer forensics expert who died…
Even as his face towered 10 feet above the crowd at the Bitcoin Investor’s Conference in Las Vegas, Craig Steven Wright was, to most of the audience of crypto and finance geeks, a nobody. The 44-year-old Australian, Skyping into the D Hotel ballroom’s screen, wore the bitcoin enthusiast’s equivalent of camouflage: a black blazer and…
Dropbox just delivered some bad news for Mailbox users. The company will shut down its popular email app along with its its photo storage app Carousel, Dropbox announced Monday. Mailbox will be closed on Feb. 26, 2016; Carousel will shut down March 31, 2016. Reasons for closing the two apps were vague. Dropbox CEO Drew…
Excerpted from John Hussman’s Weekly Comment, The atmosphere is getting thin up here, and every ounce counts triple when you’re climbing in rarefied air. While near-term market dynamics are more likely to be impacted by Friday’s employment report than any other factor, our broad view remains that stocks are in the late-stage top formation of…