Japan Overtakes China as Largest Holder of U.S. Treasuries
China’s holdings of U.S. Treasuries declined to the lowest in more than six years as the world’s second-largest economy uses its currency reserves to support the yuan. Japan overtook China as America’s top foreign creditor, as its holdings edged down at a slower pace.QuickTake AbenomicsA monthly Treasury Department report showed China held $1.12 trillion in U.S. government bonds, notes and bills in October, down $41.3 billion from the prior month and the lowest investment since July 2010. The p..>> view originalTrump's meeting with Silicon Valley's elite was a naked power play, and they lost
Donald Trump is magnanimous only in victory. After an election campaign spent deriding Silicon Valley elites (an often mutual sentiment), he used their social media platforms to defeat their favored candidate. Then, as the dust began to settle, Trump declared himself on Silicon Valley’s team. “This is truly an amazing group of people,” he said at the Strategic and Policy Forum” in Trump Tower on Dec. 14. About a dozen of the world’s most powerful technology executives were there to ostensibly..>> view originalFacebook Says It Will Stamp Out Fake News
Shutterstock photo (RTTNews.com) - Facebook announced Thursday that it is taking new steps to curb the spread of fake news on the social network. Under the plan, the company will introduce new tools to make it easier for Facebook users to flag fake stories. The firm is also collaborating with the journalism organization Poynter Institute to independently investigate claims. Facebook will also reduce financial incentives for those posting financially motivated hoaxes. In a statement, Face..>> view originalHacked Yahoo Data Is for Sale on Dark Web
Yahoo still does not know who broke into its systems in 2013, how they got in or what they did with the data, the company said Wednesday. It has made more progress tracking down a separate hacking episode in 2014, which compromised 500 million email accounts and was disclosed in September. The company has said it believes the 2014 attack was sponsored by a government entity but has not identified it. The two huge breaches revealed this fall threaten to erode consumer confidence in the company a..>> view originalVenezuela's 100-bolivar note withdrawal causes chaos
Media captionVenezuela hit by further uncertainty as 100-bolivar note is pulled Venezuela's highest denomination banknote has ceased to be legal tender, in a move that has caused cash chaos and long queues at banks this week.Some cash machines on Thursday were still issuing the old 100-bolivar notes, hours before they expired.President Nicolas Maduro said new higher-denomination bills would be fully distributed in January.He has closed the borders with Brazil and Colombia until Sunday to st..>> view originalRev's Shark: A Meaningless Number (20000) in a Misleading Index (DJIA)
Rev's Shark: A Meaningless Number (20,000) in a Misleading Index (DJIA) By James "Rev Shark" DePorre | Dec 16, 2016 | 7:21 AM EST "Round numbers are always false." --Samuel Johnson...591 more words left in this article. To read them, just click below and try Real Money. Read the full story and get access to money-making ideas from top investment pros, handpicked by Jim Cramer. Stay ahead of the market with Real Money where you'll get actionable investi..>> view originalDeVry, FTC in $100M Settlement of Advertising Suit
DeVry Education Group and DeVry University agreed to settle a Federal Trade Commission lawsuit regarding the for-profit institution's use of employment statistics in advertising. The company will pay $49.4 million to the FTC and forgive $30.4 million in institutional loans that were issued before Sept. 30, 2015. The for-profit will also forgive $20.2 million in outstanding DeVry accounts receivable balances for former students. DeVry also agreed to have specific data to support any future advert..>> view original
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