Investing

By Ching Yu Tan | For the informed investor to make your money work for you effectively

Team Trump goes to China to avert a trade war

<b>1. Trump team heads to Asia:</b> A trade war with China was once unthinkable. Now, that nightmare scenario is sitting atop Wall Street's worry list.<p>The fear is that confrontation between the world's two biggest economies derails trade, destabilizing the global economy.<p>That's why it's an unmistakable …

Donald Trump

Space tourism could be possible in near future

Blue Origin had a successful test-launch on Sunday, part of a growing industry hoping to ferry civilians into space, with the company’s goal to start sending tourists by the end of this year.

Space Travel

Canada stock market shutdown pushes investors to explore options

TORONTO (Reuters) - A rare outage at Canada's major stock exchanges could dent the credibility of operator TMX Group Ltd <X.TO> and encourage investors to explore alternative trading channels, fund managers and traders told Reuters.<p>Canada's stock market suffered a partial shutdown on Friday, …

Here Are the Stocks to Watch After Two Koreas Agree to End War

If you’re trying to figure out how it’s all going to play out on the South Korean stock market on Monday after Kim Jong Un’s historic call for peace, …

A Cryptocurrency Entrepreneur Will Run For Mayor In Taipei. What If She Wins?

Officials in Taiwan feel torn about what to do with cryptocurrency, the digital tokens backed by transaction ledgers rather than monetary authorities. Regulators neither support the likes of Bitcoin nor oppose use of the new-age tool for investment or commerce.<p>Now Cheng Yi-ting, CEO of the local …

Cryptocurrency

Why some VCs are investing in hardware startups

Hardware has made a comeback in Silicon Valley, as evidenced by the crowded Maker Faire events (coming up in San Mateo, California from May 18 to May 20) to the recent HardwareCon event in San Jose.<p>Conductive Ventures recently raised $100 million to invest in enterprise hardware and software. One …

Xiaomi’s IPO Risks a Cash Crunch in Hong Kong

Hosting what’s shaping up to be the world’s biggest initial public offering of 2018 may be a double-edged sword for Hong Kong.<p>Chinese smartphone …

Hong Kong

Richard Branson’s Virgin Hyperloop partners with backer DP World to launch logistics startup

Update: This post has been updated to indicate that DP World invested in 2016. The firm is based in the UAE.<p>Virgin Hyperloop One and DP World are launching a new joint venture, DP World Cargospeed, two years after the high-speed transportation technology developer tapped the UAE-based shipping …

Big Earnings Reports From Apple and Tesla Mean One Thing for Stocks: Do or Die

This week will either break the sluggish market's back, or recharge the bulls. It's that simple.<p>In the very early going, investors look to be hoping …

CRYPTOCURRENCY CRASH: DOOM OR OPPORTUNITY?

One of the greatest crashes in the cryptocurrency markets just happened over the week; with a 48% drop in market capitalization from the all time …

Morgan Stanley says the true price of bitcoin might be zero

Morgan Stanley analyst James Faucette and his team sent a research note to clients a few days ago suggesting that the real value of bitcoin might be ... $0.<p>That's <i>zero</i> dollars. (Bitcoin stood at around $14,400 at the time of writing.)<p>The paper (titled "Bitcoin decrypted") did not give a price target …

Apple 'to buy Shazam for $400m'

<b>Apple is close to buying the music recognition app Shazam for about $400m (£300m), media reports say.</b><p>Shazam, a UK company founded in 1999, allows people to use their smartphone or computer to identify and buy music through a snippet of sound.<p>Shazam, which says it has more than 100 million monthly …

Apple Music

Why Singapore is training professional gamers

A career in gaming would once have been unthinkable in Asia. But with the global e-sports market forecast to hit $1.5bn in three years, Singapore wants to help train new gamers how to go professional.<p><i>Video journalist: Ashleigh Nghiem</i>

eSports

You can now trade "tokenized" U.S. dollars on the Ethereum network

Dollars to Tokens<p>Token currency provider Tether is bringing tokenized USD to Ethereum, the second largest cryptocurrency after Bitcoin. This means …

Cryptocurrency

A $4 billion fund manager who's crushing his peers shares one of his favorite sectors to ride into the inevitable downturn

But after joining the asset-management giant T. Rowe Price, and showing a strong track record as a media and tech analyst, he was tapped last April to run its New America Growth Fund.<p>Like many peers who made big bets on large technology companies, White is crushing it in 2017.<p>His fund, with $4 …

Jamie Dimon’s ‘Bitcoin is a Fraud’ Endgame Exposed

In November 2013 amidst the financial crisis, Jamie Dimon – JPMorgan Chase’s C.E.O., came under spotlight when JPMorgan Chase reached a $13 Billion …

Buffett's Bet with the Hedge Funds: And the Winner Is … | Investopedia

In 2008, Warren Buffett issued a challenge to the hedge fund industry, which in his view charged exorbitant fees that the funds' performances …

Investing

U.K. Brexit Chief Dismisses $64.8 Billion EU Payment Reports

<i>Follow</i> <i>@Brexit for all the latest news, and sign up to our daily Brexit Bulletin newsletter.</i><p>U.K. Brexit Secretary David Davis dismissed as “nonsense” …

NAFTA negotiators seek to enshrine Mexico's energy reforms

MEXICO CITY (Reuters) - U.S., Canadian and Mexican negotiators are zeroing in on ways to enshrine Mexican President Enrique Pena Nieto’s sweeping energy reforms into a modernized North American Free Trade Agreement, Mexico’s chief negotiator said on Saturday.<p>Mexico's President Enrique Pena Nieto …

Mexico

Berkshire Hathaway's Buffett Odds On Favourite To Win 'Million-Dollar' S&P 500 Bet

Warren Buffett, CEO of Berkshire Hathaway and dubbed the “Sage of Omaha,” knows a thing or two about investing. Now to mark his 87th birthday, which fell this past Wednesday, a betting firm has opened a ‘prop’ bet on the odds of Buffett winning so-called ‘The Million-Dollar Bet’, which he entered …

Investing

10 of the most-funded startups to fail in 2017

Startups rise and startups fall. 2017 has seen some prominent startups go under. From Jawbone to Beepi to Yik Yak, these companies raised major cash before they ultimately shut their doors.<p>What follows are 10 of the best-funded companies to close in the first nine months of 2017. Together these …

Startups

Starbucks Wants To Close All Its Teavana Stores. Mall Owner Simon Says Not So Fast

Remember back in late July when Starbucks said it would close all 379 of its Teavana stores only five years after buying the company for $625 million? (Do you even remember Teavana?)<p>“Underperforming,” is how SBUX’s new CEO Kevin Johnson described them. Even so, the units all have leases that will …

Real Estate

A 9% Yield, Monthly Payouts, Major Growth, Insiders Buying, And This REIT Is Near 52-Week Lows

Looking for monthly dividend-paying stocks? You may want to look at American Hotel Income Properties REIT LP (OTC:AHOTF), a Vancouver-based company …

South Korea says North Korea appears to have conducted its 6th nuclear test

SEOUL, South Korea (AP) — South Korea's military said Sunday that North Korea is believed to have conducted its sixth nuclear test after it detected a strong earthquake, hours after Pyongyang claimed that its leader has inspected a hydrogen bomb meant for a new intercontinental ballistic …

I ditched my financial advisor for an app, and saving money has never been easier

At the risk of sounding cliché, I'm a millennial with almost no investing experience. I have a 401(k) retirement account, but all my non-retirement savings has been stashed in a standard savings account from Bank of America.<p>With interest rates low and my savings not doing much, I decided it was …

Bank of America rises after Warren Buffett becomes its biggest shareholder (BAC)

Bank of America is up about 0.55% after Warren Buffett became the company's largest stakeholder.<p>In a $5 billion investment in 2011, Buffett bought a large chunk of preferred shares in the company which paid about $300 million annually in dividends. Those preferred shares came with the right to …

Why Gold Is Less of a Haven These Days

Its status has been eroded by unconventional monetary policy and cryptocurrencies.<p>Having waited patiently for the “any-minute-now” moment, gold investors are taking comfort from the recent rise in price in response to geopolitical tensions. Yet the responsiveness of gold, as well as the overall …

World's First Diamond Futures Exchange Starts Trading in India

The world’s first diamond futures exchange will begin trading in India on Monday, enabling companies in the largest producer of the cut and polished …

CBS agrees to buy embattled Australian customer Ten Network

SYDNEY (Reuters) - CBS Corp (CBS.N), the United States’ most-watched television network, on Monday said it plans to buy its biggest customer in Australia, Ten Network Holdings Ltd TEN.AX, and launch its streaming service in the country.<p>FILE PHOTO - The CBS "eye" and logo are seen outside the CBS …

Media Law