Via Coin Desk at 17:50 GMT The popular cryptocurrency Bitcoin has surpassed the $2,000 price level for the first time ever, according to CoinDesk. Bitcoin, which began 2017 just below $1,000, has more than doubled in value less than five months into the year. Bitcoin hit the $2,000 mark Saturday evening GMT following a
The popular cryptocurrency bitcoin has reached the $1,500 level for the first time ever. Around 3 a.m. GMT, bitcoin is trading at $1,505, according to CoinDesk. Bitcoin has repeatedly hit record highs this year despite fierce debate among its prominent users over how best to scale the cryptocurrency. The split in the bitcoin community largely
The price of a single bitcoin exceeded the value of an ounce of gold for the first time. On Thursday, bitcoin closed at $1,268 while a troy ounce of gold finished the day at $1,233, the BBC reports. Many savers and investors who distrust central bank-controlled currencies view gold and/or bitcoin as a hedge against money
By JOSH FRIEDMAN The United States passport is the world's 35th best travel document, a ranking it shares with Slovenia, according to an index released this week by citizenship and international business guru, Andrew Henderson. Henderson's Nomad Capitalist company unveiled the first Nomad Passport Index, which differs fundamentally from the annual passport rankings that FreeManPost has previously
Update March 1: Bitcoin is again reaching records high. It is trading above $1,218 Wednesday afternoon GMT. Bitcoin soared to record highs on Friday, eclipsing the $1,200 mark for the first time. The popular cryptocurrency has since fallen back in the $1100s. On Friday, bitcoin climbed as high as $1,206.60, according to a Market Watch
By Josh Friedman The United States fell to 17th place in the Economic Freedom Index, an annual ranking of countries by economic liberty. Nations like the United Arab Emirates, Georgia and Lithuania now offer more economic freedom than the U.S., according to The Heritage Foundation, a conservative Washington, D.C.-based think tank. In the 2017 Economic
The price of gold has increased nearly $100 over the past month. Over the past week, the precious metal has received a jolt from President Donald Trump, who is stating publicly that he believes the U.S. dollar is too strong. Gold is trading at slightly below $1,213 an ounce early Tuesday, according to Gold Price.
The price of gold rose steadily over the first two weeks of 2017, surpassing the $1,200 level on Thursday. Gold for February delivery closed at $1,196.20 an ounce on Friday, Market Watch reports. Gold began the year around $1,150. The precious metal's value in dollars has increased about 3.9 percent thus far in 2017. The
By JOSH FRIEDMAN After soaring to above $1,150 in the first week of 2017, the price of the cryptocurrency bitcoin fell to around $750 Thursday. Bitcoin hit a low of $752.11 early in the day, according to the CoinDesk Bitcoin Price Index. China is by in large driving the volatility in the price. Beijing imposes
The soaring cryptocurrency Bitcoin is trading at $1,147 early Thursday, within $20 of the all-time high of $1,165.89, according to CoinDesk. The record high was set on Nov. 30, 2013. In addition to approaching a record high, Bitcoin is nearing parity with gold, which is trading at $1,178. Bitcoin's price rose steadily in 2016, appreciating about
By JOSH FRIEDMAN Following intense criticism by U.S. President-elect Donald Trump, Ford Motor Company opted to scrap its plans to build a $1.6 billion manufacturing plant in Mexico. Ford says it will instead invest $700 million in Michigan and create 700 U.S. jobs, CNN Money reports. Trump has promised tax cuts and regulatory reductions, while
The price of gold rose .9 percent Tuesday, finishing the day at a three-week high of $1,162 an ounce, the Wall Street Journal reports. In 2016, gold climbed 8 percent despite a sharp selloff over the final three months of the year. A relatively strong dollar did not stop gold from rising last year either.
The popular cryptocurrency bitcoin began 2017 by climbing above the $1,000 level for the first time in three years. Bitcoin is currently trading around $1,020. Bitcoin's price rose steadily in 2016, appreciating about 137 percent over the last 12 months, CNBC reports. Bitcoin outperformed all central-bank issued currencies last year, according to the BBC. Cryptocurrency
UPDATE: Oil finished the day down more than 2 percent. Brent slid to $55.47, falling from the 18-month high it hit early in the day, Reuters reports. ORIGINAL: On the first trading day of 2017, oil prices hit 18-month highs, Reuters reports. Benchmark Brent crude rose by more than 2 percent to a high of $58.37,
The Dow Jones Industrial Average (+13.4%), Russia's RTS (+27%, or 52% in dollar terms), Argentina's Merval index (+45%), Brazil's Bovespa index (+39%), the Canadian TSX Composite index (+17.5%) Norway's All-Share index (+18%), Indonesia's stock market (+15%) and London's benchmark FTSE 100 (+14.4%) were the best performing stock markets of 2016, according to CNN Money. Following the "Trump bump,"
Fed Chair Janet Yellen announcing the rate hike The Federal Reserve increased its federal funds rate last week by a quarter point, boosting it to the target range of .5-.75. The federal funds rate is the United States' most significant interest rate. When the federal funds rate increases, borrowing money becomes more expensive.
Josh Friedman reports from Dresden, Germany, the site of the 2016 Bilderberg conference. Who is in attendance? What is going on? Longtime Bilderberg correspondents Dan Dicks and Luke Rudkowski add their input: So does Charlie Skelton, who has been covering Bilderberg for The Guardian since 2009:
Josh Friedman kicks off a trip around Germany in Frankfurt, the city of the euro. As the refugee crisis has taken center stage in Europe, many people have forgotten that all is not well with the currency that is supposed to be ensuring stability across the continent.
Greek banks are preparing a contingency plan in which they would confiscate at least 30 percent of deposits above €8,000, Financial Times reports. The process of distressed banks raiding deposits is called a "bail-in." In 2013, a bail-in took place in Cyprus, during which funds were seized from uninsured deposits of more than €100,000. If a
The European Central Bank, also known as the ECB was struck by protests today. The whole affair involved the arrest of nearly 400 anti capitalists with one agenda. They seek to try to make Mario Draghi and their colleagues go back on opening the new ECB headquarters in Frankfurt. Once again the Occupy Movement shows its
China's monthly trade surplus reached a record high of $60.6 billion in February, the BBC reports. A country's trade surplus is the difference in price between its exports and imports. Find out WTF China is here