Finance

Greece believes Germany owe it reparations for WW2

73 years since World War II officially ended, two European countries are still seeking satisfaction from the German government over damages caused by the Nazi regime. According to a report from DW, both Greece and Poland are officially asking that Germany pay reparations to the two states for invading their countries during the war. Hitler […]

This cryptocurrency hacking attack is planned for October 13

This mischief-maker is out to prove that blockchain is not as secure as crypto-enthusiasts say it is. Look out for a message saying Einsteinium has been hacked and double-spent with all the details. Cross your heart and hope to die. That’s a Reddit user‘s promise. He’s been offered $800 to fulfill his bet. “Hey all,” […]

Bank robber’s advice: How to choose an ATM

It’s not just banks anymore. It’s ATMs now, with ATM “cash and grab” crime on the rise. Last Friday, robbers in Anne Arundel County almost grabbed an entire ATM. It held cash with five figures. The Tuesday before, two men were imprisoned in Washington, DC, for beating a loader. The loader is the guy who […]

Higher interest rates weighing on construction companies and real estate markets

Climbing interest rates are already tugging on home building companies, pulling shares of these firms down as mortgages become more expensive. According to a report from CNBC, some home building stocks, like iShares Home Construction and SPDR S&P Homebuilder ETF, are down more than 20 percent since January of this year. The interest rate for a […]

Experts cautiously optimistic on emerging markets

Financial managers and investors in the United States are beginning to see considerable discounts in emerging markets as the massive sell-off continues. According to Reuters, emerging market stocks have hit a 17 month low, and have fallen 21 percent since the beginning of the year. Emerging Market currencies are also down eight percent since March […]

Wall Street finished down on Friday after stunning jobs report

US stock markets closed in the red on Friday thanks in large part to the shining jobs report published earlier in the week. While it may seem counter-intuitive, the positive job report has pushed the US Treasury to hike its bond yield, which is causing interest rates to rise. “There’s no question the job market […]

Southeast Asian markets crumble after devastating Indonesian earthquake

International aid is beginning to arrive in Indonesia six days after a devastating earthquake struck the island nation. According to a report from Agence France Presse (AFP), much-needed supplies are finally arriving after several delays prevented the aid from reaching survivors. The earthquake, which also caused tsunami waves that struck the country, measured in at […]

What’s the deal with Bitcoin?

Grayscale Bitcoin Investment Trust (GBTC), the lone “bitcoin investment trust” in the United States has lost about 80 percent of its total value in the last 10 months. A significant contributor to GBTC’s downward spiral is its excessive fees, which are currently around 2 percent more than double the national average. The fees “are insane […]

The Pentagon’s revenge: $330m for Taiwan defense

As though China needed another excuse to hate the US, it came September 25, when the US State Department proposed to fund $330m worth of military parts for Taiwan’s army. China, by the way, considers Taiwan its territory. What happened? The US has periodically gifted small military parts to Taipei, Taiwan’s capital. George W. Bush […]