Hussein Hasan

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Bitcoin boon? Overstock to become biggest retailer to accept the virtual currency

Overstock.com could start accepting bitcoin sometime in 2014.<p>Bitcoin enthusiasts will soon be able to go on a bigger shopping spree thanks to Overstock.com, which is slated to become the biggest retailer in the U.S. to accept the virtual currency.<p>Online retailer Overstock.com plans to start …

Bitcoin

The Week Ahead: Will 2014 Be a Buy-&-Hold Year?

The FOMC caught many by surprise last Wednesday, myself included, as stock prices exploded to the upside and closed with impressive gains. It appears that the FOMC struck a good medium between slightly reducing their bond buying and declaring their plan to keep rates low for quite some time.<p>My …

The Options Market Shows Clearly How No One Predicted The Incredible Year For Stocks

It's safe to say 2013 turned out better than expected for the stock market.<p>In the year to date, the S&P 500 index is up over 27%.<p>As the chart below from options guru Jared Woodard of Condor Options illustrates, 2013 was the first year in a long time that the market was able to outperform the upper …

JP Morgan, Deutsche: Bank Instant Messaging Headache Gets Worse

J.P. Morgan is planning a ban on traders’ instant messaging, a sign of the worsening headache that banks face around controlling staff communication.<p>As traders use myriad communication methods, keeping track of what is said and enforcing proper policy is proving a serious challenge for IT and risk …

The American Factory Revival: Not a Manufactured Hope

It’s inspiring. It’s exceedingly helpful to the U.S. economy and to jobs, in particular. But is there a manufacturing resurgence in the U.S., or is the “Made in America” rebound no more than anecdotal?<p>Hal Sirkin, senior partner at Boston Consulting Group, said unequivocally that a revival in …

Facebook, Zuckerberg Follow-On Offering Priced At $55.05

Yesterday, Facebook shared that an additional 70 million units of its stock would be made available for public trade. Today, the social network revealed the price of that offering.<p>The shares will be offered at $55.05, incredibly close Friday’s $55.12 closing price. The offering is expected to be …

US hedge funds set to expand in Europe

US hedge funds are preparing to expand their investments in Europe next year, in a bet that stress tests will prompt the continent’s banks to shed …

The 30 Fastest-Growing Jobs In America

Using projections from the U.S. Bureau of Labor Statistics on job growth from 2012 to 2022, we've identified the fastest-growing jobs in America.<p>There's something for everyone, with at least 10 jobs that don't require any education beyond high school, several that require only an associate's …

The Weekend Is Over And Stocks Are Up Nicely

Alibaba’s online investment account is becoming a serious threat to Chinese banks

If you work at a Chinese bank these days, the thing you’re probably sweating the most is vanishing deposits. Banks are only allowed to lend a certain percentage of their deposit bases. Artificially low government-set deposit rates have driven households and companies to hold their savings instead …

Associated Press News

Tablets Are Becoming A Favorite Shopping Tool, And They're Used Totally Differently From Smartphones

Retailers haven't paid much attention to the nuances of tablet-based retail behavior, however, due to the devices lower penetration rate. But if they continue ignoring the tablet opportunity — as many have been — they risk missing out on sales on a channel that is quickly eclipsing smartphones.<p>In a …