Hrishi Rahatal

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Can Gold's Rally Continue?

Stocks are trading lower overnight as another weak report on China’s manufacturing is again making the markets nervous. The Asian markets were hit hard with Japan’s Nikkei 225 down over 2%. So far, the losses in Europe are less severe, with the German Dax down just over 1%. The US stock index …

Five reasons why 2014 is the year your mobile becomes your debit card

Could 2014 be the year the mobile payments revolution finally changes the game for SMEs? One provider claims it will be.<p>Technology is a great leveller. Devices such as smartphones and tablets are allowing enterprising companies to shed the shackles that traditional banking has kept them in and has …

FinTech

Here's What Emerging-Market Leaders Are Saying And Doing As Their Currencies Burn

The U.S. Federal Reserve's plan to gradually withdraw its stimulus has long been expected to lead to a pullout from emerging markets. But the prospect of an economic slowdown in China added to concerns on Friday that emerging markets, particularly those with large current account deficits, may …

Economy

Highly Educated, Highly Indebted: The Lives of Today's 27-Year-Olds, In Charts

A new study by the Department of Education offers up a statistical picture of young-adult life in the wake of the Great Recession.<p>What are today's young adults really like? For those who've spent too much time gazing into the dark recesses of <i>Thought Catalog</i> or obsessing over "Girls," the Department …

The Story of Globalization in 1 Graph

A crystal-clear picture of the world's winners and losers in the last generation<p>Imagine you lined up every human being in the world by income, divided them into 100 groups ("percentiles") ranging from lowest to highest, and asked: <i>How has the last generation of economic growth been for you?</i><p>This is …

The US Federal Reserve leaves holes through which its statements could leak out early

When journalists get early access to US Federal Reserve statements, the system has flaws that make it easy to see how the information could get out early. That’s what may have happened last week with the Fed’s surprise decision not to taper its bond-buying program. The news started to move markets …

Goldman Sachs succumbs to “slow client activity”

<b>The numbers:</b> Goldman Sachs reported earnings of $2.88 per share, soundly beating Wall Street’s expectations of $2.44 per share. Although this itself renders Goldman’s earnings a “win,” it’s hard to ignore that this is also the investment bank’s worst quarter since Q2 2012. Revenue fell to $6.7 …

The volume of stocks traded in secret “dark pools” is soaring in Europe. What could go wrong?

The volume of shares traded outside of public exchanges is growing fast in Europe. Trades on so-called “dark pools” jumped 45% over the past six months, according to a new report (pdf) from Fidessa, a technology firm. These off-exchange venues processed €207 billion ($283 billion) in the six months …

Six reasons why Chinese people will drive the next bull market in bitcoin

Whatever the case against bitcoin as an alternative currency, there’s one country where people probably won’t need much persuading to join the craze. Here’s why China could drive a further bit-boom:<p><b>1. They’ve already done the whole virtual currency thing—with Q Coin.</b><p>Or at least 100 million of them …

Cryptocurrency

How to copy a hedge fund billionaire’s investment plan

I realized the pop culture phenomenon that is the activist investor had taken a new turn when a friend showed me an iPhone app at a party. iBillionaire lets you track the investments of “billionaire investors” whose names you know (Carl Icahn, David Loeb, David Tepper and David Einhorn among them) …

Investing