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GE Pension Failure Could Send Investors into Arms of Bitcoin

GE Pension Failure Could Send Investors into Arms of Bitcoin

General Electric (GE) has decided to freeze its pension plan, removing two of the key features that have come to be associated with retirement savings – secure and guaranteed – for tens of thousands of employees. GE isn’t the first company to pull the plug, but as one of the oldest traditional companies in corporate…


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Fearful Banks Show Negative Bias Toward Crypto Investors

Banks are afraid of bitcoin and some of them are responding in a way that’s driving customers away. On July 18, founder and partner at Morgan Creek Digital Anthony Pompliano shared on Twitter an epic email from a disgruntled client that was sent to the CEO of the Royal Bank of Canada (RBC). The letter…


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Stock Market Bulls Made a Fool’s Gamble on Rate Cuts

When US nonfarm payrolls stunned traders by rising dramatically on Friday, the stock market’s bet that the Fed would stimulate further growth by drastically slashing interest rates was exposed as a fool’s gamble. That’s according to economist Mohamed El-Erian, who explained to CNBC’s “The Exchange” that a rate cut in July was likely but 50…




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Visa Launches Long-awaited Blockchain Product for Business Clients – Cryptonews

Source: iStock/onebluelightPayment card giant Visa launched their long anticipated international digital identity system based on blockchain architecture, Visa B2B Connect today. The company claims it will allow financial institutions to quickly process high-value corporate cross-border payments globally. According to the company, B2B Connect will facilitate transactions from the bank of origin directly to the beneficiary…



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Federal Reserve holds interest rate again, reiterates patience on future path

Federal Reserve officials left their main interest rate unchanged and continued to pledge patience as they grappled with conflicting currents in the U.S. economy.Central bankers, who’ve been slammed by President Donald Trump for not doing more to support the economy, took note of livelier growth while acknowledging weak inflation.The committee repeated language from its previous…



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Bank of Canada holds key interest rate at 1.75%

Canadian interest rates are almost certainly on hold until at least sometime next year.The Bank of Canada published a revised outlook on April 24 that shows the economy essentially stalled over the last six months, extinguishing the sparks that had caused policy makers to starting worrying about inflation.Stephen Poloz, the governor, and his deputies left…