Finance

Australia’s currency is one of the most advanced in the world. The nation’s banknotes are totally waterproof, hard to counterfeit and relatively cleaner because they are resistant to moisture and dirt. Australian dollar notes are made of a polymer, which has a waxy feel, while the banknotes of the U.S. and several other countries are
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Inflation was a popular topic of conversation during the meeting. Officials deemed that core personal consumption — excluding food and energy — likely will run “notably faster in 2018.” The 2017 level was mired around 1.5 percent for 2017. The Fed’s preferred inflation measure is the personal consumption expenditures index. “Members expected that economic conditions
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Tesla’s cloud system was hijacked by hackers who used it to mine cryptocurrency, according to researchers. Hackers were able to infiltrate the automaker’s Kubernetes administration console because it was not password protected, cybersecurity firm RedLock said Tuesday. Kubernetes is a Google-designed system aimed at optimizing cloud applications. This left access credentials for Tesla’s Amazon Web
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Check out the companies making headlines after the bell Tuesday: LendingClub stock plunged 10 percent after the bell. The peer-to-peer lending company reported earnings and revenues that missed Wall Street estimates. The loss that was reported was partially due to the newly disclosed settlement of class action lawsuits. The settlement is worth $125 million. Weak
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HSBC’s fortune turned around in 2017 with an increase in the year’s profit. The bank, largest in Europe by assets, said Tuesday its full-year profit before tax rose 10.9 percent to $20.99 billion after adjusting for foreign currency translation and one-off items. That’s beating the estimated $19.59 billion by Reuters and reversing the decline seen
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Retail investors would feel the impact of a cryptocurrency market collapse the most, while institutional investors would be better protected against such an event, according to researchers. “At this stage, we think that retail investors would be the first to bear the brunt in the event of a collapse in cryptocurrencies’ market value,” a report
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Payments processors Worldpay and Visa said Friday they are reversing duplicate transactions that recently caused unauthorized withdrawals for some users of cryptocurrency exchange Coinbase. “Worldpay and Coinbase have been working with Visa and Visa issuing banks to ensure that duplicate transactions have been reversed and appropriate credits have been posted to cardholder accounts,” the two
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The U.S. Securities and Exchange Commission said Friday it has temporarily suspended trading in three very tiny stocks due to questions about their cryptocurrency-related announcements. The companies announced in January that they each acquired several thousand trust units in a private equity fund called “NVC Fund” with investments related to blockchain and cryptocurrency. However, those
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Getty Images Special counsel Robert Mueller (2nd L) leaves after a closed meeting with members of the Senate Judiciary Committee June 21, 2017 at the Capitol in Washington, DC. The defendants and their “co-conspirators” used the accounts opened at PayPal and “a federally insured U.S. financial institution” to receive and send money for buying advertisements
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Russian stocks tumbled Friday afternoon after a federal grand jury indicted 13 Russian nationals and three Russian entities for alleged interference in the 2016 presidential election. The VanEck Vectors Russia exchange-traded fund (RSX), which tracks a host of publicly-traded Russian companies, fell 1.6 percent following news of the indictments. The fund is largely comprised of
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In a sentiment-driven market like bitcoin, key price levels such as $10,000 appear to attract new buyers and help the price. Bitcoin climbed back above $10,000 Thursday for the first time in two weeks. The cryptocurrency had lost two-thirds of its value in a rapid plunge from a record high above $19,000 in mid-December to
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Bitcoin topped the psychologically key $9,000 level to hit a 10-day high Wednesday amid improved sentiment about government regulation. The cryptocurrency climbed 9.7 percent to $9,346, its highest since Feb. 4, according to CoinDesk’s bitcoin price index, which tracks prices from four major exchanges. As of 12:50 p.m. ET, Bitcoin was about 9 percent higher
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One of Wall Street’s most experienced analysts says the equity market is “bottoming out” and recommends investors take a hard look at financial stocks. The so-called godfather of technical analysis, Ralph Acampora, shared his views on last week’s big equity sell-off in a series of tweets Monday morning. “Expect more intraday volatility but last Friday’s
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Egypt’s economy has been in crisis since the years following the Arab Spring, as domestic turmoil, terrorist attacks and an exploding population have hit valuable sectors like tourism and hurt the public sector’s ability to provide jobs and traditional benefits. In 2016, the IMF agreed to a three-year, $12 billion bailout program to support the
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