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Trading Ideas

Protect Your Portfolio… With Bitcoin?

August 18, 2018 admin Comments Off on Protect Your Portfolio… With Bitcoin?

A recent study by the University of Technology in Sydney, Australia, came to a remarkable conclusion…

The study attempted to model and forecast the volatility of bitcoin returns and analyze its correlation to other markets.

Using statistics and machine learning, the study found, “The correlation analysis of bitcoin returns and the financial indices, particularly DJIA for the U.S. market and ASX for the Australian market and the exchange rate of AUD/USD, has shown the bitcoin price movement does not follow any of these instruments.”

In layman’s terms, the price of bitcoin is not correlated to stock market moves or the value of other …read more […]

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Trading Ideas

Former UN Secretary-General Kofi Annan dies at age 80

August 18, 2018 admin Comments Off on Former UN Secretary-General Kofi Annan dies at age 80

Kofi Annan, one of the world’s most celebrated diplomats and a charismatic symbol of the United Nations who rose through its ranks to become the first black African secretary-general, has died. Annan spent virtually his entire career as an administrator in the United Nations. During his tenure, Annan presided over some of the worst failures and scandals at the world body, one of its most turbulent periods since its founding in 1945. …read more […]

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Business News

China’s Geely in deal to let Malaysia’s Proton tap new-energy, other vehicle tech in global push

August 18, 2018 admin Comments Off on China’s Geely in deal to let Malaysia’s Proton tap new-energy, other vehicle tech in global push

Chinese automaker Geely has agreed to extend its existing partnership with Proton Holdings Berhad to upgrade the Malaysia carmaker’s line-up of cars and power Proton go beyond Malaysia, part of an ongoing effort to help Proton establish a presence in China and other international markets.

…read more […]

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Trading Ideas

Tesla’s Board Said to Be on Lookout for Senior Talent, Not COO

August 18, 2018 admin Comments Off on Tesla’s Board Said to Be on Lookout for Senior Talent, Not COO

Tesla Inc.’s board of directors is on the lookout for senior talent — though it’s not actively searching for a chief operating officer, a person familiar with the board’s thinking said late Friday. Questions have arisen about Chief Executive Officer Elon Musk’s well being, judgment and ability to juggle multiple companies in the wake of his Aug. 7 tweet that he was “considering taking the company private at $420 a share. In an interview with the New York Times, a tearful Musk admitted to being sleep deprived and under enormous stress, adding that that no one had seen …read more […]