Month: January 2020

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Amazon to showcase its transportation drive at world's largest tech show

January 6, 2020 admin Comments Off on Amazon to showcase its transportation drive at world's largest tech show

The Seattle retail and cloud services powerhouse plans to use the annual technology show in Las Vegas to unveil its plan to be a major player in self-driving vehicle technology, connected cars, electric vehicles and management of the torrents of data generated by automakers and drivers, company executives told Reuters. Amazon Web Services, which provides large-scale cloud computing and data management services, is central to Amazon’s strategy. “We really are extending ourselves more and more out in the ecosystem from manufacturing to connected car,” Jon Allen, head of professional services in Amazon Web Services’ automotive practice, said in …read more […]

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Bitcoin should be listed directly on Korea Exchange, says a government committee

January 6, 2020 admin Comments Off on Bitcoin should be listed directly on Korea Exchange, says a government committee

The Presidential Committee on the Fourth Industrial Revolution, a group set up by the South Korean government, has recommended that bitcoin should be listed directly on Korea Exchange (KRX), the country’s sole securities exchange operator. The committee has also suggested allowing cryptocurrency products, such as bitcoin derivatives, in the country, according to a report from […]The post Bitcoin should be listed directly on Korea Exchange, says a government committee appeared first on The Block. …read more […]

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A Bad Bear Stearns Trade Can Teach Investors a Lot

January 6, 2020 admin Comments Off on A Bad Bear Stearns Trade Can Teach Investors a Lot

(Bloomberg Opinion) — What do you do when a trade goes awry?That was the subtext of a Wall Street Journal column on Christmas Day, “Eleven Years in the Making: Breaking Even on JPMorgan’s Purchase of Bear Stearns.”“It only took 4,209 days, but I am finally even!!!” So declared Stephen Bearce, now a broker at Wells Fargo. He had taken a flier on 100 Bear Stearns shares amid its epic collapse from $171.51 — its record closing price on Jan. 12, 2007 — to where Bearce bought it at $30 a share on Friday, March 14, 2008. By the following Monday, …read more […]