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Trading Ideas

This Is the Best Place to Buy Bitcoin

“Follow the money” is an old adage in journalism. (It was memorialized in the movie All the President’s Men). It’s a useful saying for investors too.

In this week’s chart, we follow the money to see which bitcoin exchanges Americans (or U.S. dollar holders) are trading on.

So why is this chart important? Let’s follow the money…

The first thing to notice is the exchanges Americans are using to buy and trade bitcoin. That’s useful information. Remember the chart reflects only U.S. dollars being traded as bitcoin. It doesn’t reflect the yen (Japan), won (South Korea), euro (European Union) or other currencies being …read more […]

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Business News

U.S. Commerce Secretary, Chinese Vice Premier set for Sunday talks amid trade row

BEIJING (Reuters) – U.S. Commerce Secretary Wilbur Ross is expected to meet Chinese Vice Premier Liu He on Sunday, a U.S. government official said, as officials from the world’s two biggest economies try to calm an escalating trade spat that has rattled financial markets.

…read more […]

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Trading Ideas

Caesars workers threatening strike in Las Vegas reach deal

A union for casino workers and one of the largest resort operators in Las Vegas reached a tentative labor agreement Friday that would cover about a quarter of the 50,000 employees threatening the first citywide strike in more than 30 years. The new five-year deal with Caesars Entertainment covers about 12,000 bartenders, housekeepers, kitchen workers and others at nine casino-resorts on the Las Vegas Strip, the Culinary Workers Union Local 226 said. It comes just after tens of thousands of bartenders, housekeepers, cocktail and food servers, porters, bellmen, cooks and other kitchen workers saw their contracts expire. …read more […]