Wall Street: Whose bull market is it?
People were making crazy amounts of money for introductions to the Libyans, says Mohammed Rashid, an Iraqi-born Kurd based in London, who arranged the meetings between Blair and Seif. Rashid is now a financial adviser to wealthy individuals and entities from the Middle East and to Europeans and Americans who wish to do business with them. According to him and others who have direct knowledge of those transactions, paying money to fixers, matchmakers, advisers, and consultants was a common practice, and such connections were eagerly sought. One London banker says consulting fees for such transactions could range anywhere from 2 percent to 5 percent of the initial investment. None of which would have mattered as much if the performance of the investments wasnt so dismal.
Will BTC be a girl’s new best friend? | SiliconANGLE
One reason for its longevity is simply what it followed: A sustained period of growth often trails a deep economic downturn. “We were coming out of the worst recession in 75 years, so it isn’t difficult to believe we were going to go this long,” says Chuck Self, chief investment officer at iSectors, a quantitative modeling service for financial advisers based in Appleton, Wis. Even more than with stock rallies of the past, Federal Reserve policy in the wake of the Great Recession has played a major part with this surge, with the Fed buying up bonds and keeping interest rates at historic lows.
One company thinks diamonds should be left in the rough and women should be able to see exactly how much was really spent on the ring. The BTCring looks like something you might pull out from a Christmas cracker, as its made using a 3D printer. The face of the ring is a QR code, which when scanned, reveals a Bitcoin address and the value of the ring. The QR code can also be customized to reflect a personal sweet message just for your girl. The ring looks cheap and tacky to be fair. Its made out of plastic, but the point is not that you spend so much on the ring, but rather you choose to invest in Bitcoin on behalf of your lifelong partner. Later, you and your fiance can use the Bitcoin, either to pay for the wedding, or to save for the future (you can add more Bitcoins to your ring later, if you so desire).
‘Fast Money’ Recap: Geopolitical Pressures Weigh on Stocks – Yahoo Finance
Sucharita Mulpuru, vice president and principal analyst at Forrester Research, discussed the brutal selloff in shares of Groupon in the after-hours session. Read More: Jim Cramer’s ‘Mad Money’ Recap: It’s Russia’s Fault She said the company’s move into fashion items and its acquisition of Ideeli have been a drag on the overall business. She added that Groupon’s “goods” business is also very capital-intensive but has promise over the longer term. Kelly said Groupon’s recent business ventures aren’t relative to the core strategy and cost a lot of money.
When Payment Processing Becomes A Commodity | TechCrunch
One of the big subjects of discussion in the banking industry earlier this year was the publication of the Millennial Disruption Index , stating that millennials view banks as irrelevant and placing traditional retail banking at the highest risk of disruption compared to other B2C industries. Accentures Banking 2020 report confirms this and draws a parallel to the challenges the telecom industry faced 20 years ago and states that non-banks will take a third of incumbent banks revenues by 2020. With the rise of mobile wallets, peer-to-peer payment, micro lending and various personal finance tools, the banking industry faces a new breed of competitors from the technology industry. Notable examples include eBay which has been in the payment space for a long time with PayPal, and is now strengthening its foothold in mobile payment by integrating Apples fingerprint reader into PayPal. Google has tried entering the payment space with the discontinued Google Checkout and Google Wallet. Amazon is targeting the mobile payment space through acquisition of GoPago , as well as challenging Square with a planned launch of a similar payment processing solution .