market updates

18 Dec 2017

CME Bitcoin Futures

The price of bitcoin dropped slightly after the cryptocurrency debuts on the world’s largest futures exchange with the start of trading on the huge Chicago Mercantile Exchange financial futures market. This came just one week after bitcoin was launched on an established exchange, Chicago†[...]

15 Dec 2017

Disney buys Fox

Walt Disney has finally agreed to buy 21st Century Fox business for $52.4 billion, the empire controlled by Rupert Murdoch. Today’s massive deal in which Disney acquired most of Fox’s film and television production will have several implications on for both companies. However, as long [...]

14 Dec 2017

U.S. Fed raises interest rates

The U.S. Federal Reserve has raised its interest rates by 25 basis points and has kept its policy outlook unchanged for 2018. This rate hike was the third in 2017 and according to the central bank, this move was widely expected, and it also underlines solid gains in the U.S. economy. Offic [...]

13 Dec 2017

Alabama Senate election

Doug Jones becomes the first Democrat in 25 years to win a U.S. Senate seat for Alabama after defeating Republican Roy Moore with 99 percent of votes in Alabama election. However, Roy Moore refused to concede on Tuesday night and is calling for a recount; however, according to Alabama law, a [...]

12 Dec 2017

Disney-Fox deal

Walt Disney Co. is planning to in talks to buy a large part of Rupert Murdoch’s 21st Century Fox media company — a deal expected to be completed this week. These two companies have reportedly been in the limelight over the sale of assets valued at more than $60 billion. Fox would howeve [...]