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Bloomberg.com

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  • Goldman Sachs Says Gold Is Better Than Bitcoin

    bloomberg.com 17 Oct '17, 11am

    Durability: While both require expertise for correct long-term storage, gold wins because cryptocurrencies are vulnerable to hacking through online wallets or the user’s computer or smartphone, are subject to regulatory risk, and network and infrastructure risk during a crisis. Portab...

  • Marc Faber Defended by Singapore Conference Organizer

    Marc Faber Defended by Conference Organizer After Racist Report

    bloomberg.com 18 Oct '17, 5pm

    Just hours after Marc Faber was ousted from three corporate boards for racist comments in his newsletter, organizers of a wealth conference next month in Singapore decided to keep the veteran investor as a keynote speaker. Marc Faber Photographer: Scott Eells/Bloomberg The event’s fou...

  • Bitcoin Just Had Its Biggest Drop in a Month

    bloomberg.com 18 Oct '17, 7pm

    Traders waiting for a pullback in bitcoin’s price to rebuild positions in the world’s largest cryptocurrency may have the U.S. Commodity Futures Trading Commission to thank. In a primer on the asset class published Tuesday, the agency said virtual “tokens” used in initial coin offerin...

  • Singapore Home Sales Drop as 'Hungry Ghost' Month Spooks Buyers

    bloomberg.com 16 Oct '17, 5am

    Singapore home sales fell in September as developers marketed fewer projects in a month considered inauspicious by Chinese homebuyers. Developers sold 657 units last month, down from a revised 1,246 in August, according to Urban Redevelopment Authority data released Monday. That’s the...

  • Global Demand for Bitcoin Shifts Wildly in Response to Regulation

    bloomberg.com 13 Oct '17, 12am

    Global Demand for Bitcoin Shifts Wildly in Response to Regulation By Camila Russo Camila Russo and Blacki Migliozzi Blacki Migliozzi October 12, 2017 By many measures, digital currencies are as strong as ever. Bitcoin prices, up more than 400 percent this year, eclipsed $5,000 on Thur...

  • Goldman Sachs Says Gold Is Better Than Bitcoin

    bloomberg.com 17 Oct '17, 12pm

    Gold wins out over cryptocurrencies when assessed on the majority of the key characteristics of money, according to Goldman Sachs Group Inc., which adds that fear and wealth are the core drivers of bullion. “Precious metals remain a relevant asset class in modern portfolios, despite t...

  • Singapore Exports Slump on Electronics Plunge

    bloomberg.com 17 Oct '17, 1am

    A surge in Singapore exports proved short-lived as a plunge in electronics orders put the brakes on goods flows in the trade-reliant country. Non-oil domestic exports declined by 1.1 percent in September from a year earlier, the worst performance since December 2016, according to gove...

  • Singapore Exports Slump on Electronics Plunge

    bloomberg.com 17 Oct '17, 1am

    A surge in Singapore exports proved short-lived as a plunge in electronics orders put the brakes on goods flows in the trade-reliant country. Non-oil domestic exports declined by 1.1 percent in September from a year earlier, the worst performance since December 2016, according to gove...

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