Jamie Dimon: Blockchain is real; Fannie Must Be Protected From Politics

JPMorgan CEO Jamie Dimon on Fannie Mae and Freddie Mac, the SALT deduction, President Trump, bitcoin, the outlook for M&A and Federal Reserve policy.  Get The Timeless Reading eBook in PDF Get the entire 10-part series on Timeless Reading in PDF. Save it to your desktop, read it on your tablet,… Please follow and like us:

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Eric Schmidt steps down as Alphabet’s executive chairman

Former Google Chief Executive Eric Schmidt announced Thursday he has stepped down from his role as executive chairman of the search giant’s parent company Alphabet. Schmidt, who served as Google’s CEO from 2001 to 2011, will remain on Alphabet’s board of directors while also serving as a “technical adviser,” the company said in a statement. “Larry,… Please follow and like us:

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Investors look to 2018 for increased growth as the IPO market returns to pre-crisis level highs in 2017

– By deal number, 2017 is the most active year for global IPOs since 2007- IPO activity in all regions up double digits; Asia-Pacific dominates global activity- 2018 outlook: IPO activity levels expected to rise with a busy year ahead and mega deals on the horizon LONDON, Dec. 12, 2017 /PRNewswire/ — Global IPO activity surged… Please follow and like us:

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Bitcoin’s price is skyrocketing. Even Uber drivers and house cleaners want in.

Keith Ellison’s first hint that bitcoin was poised for a breakthrough was over the summer when a friend planning her nuptials sent an unusual text. “She wanted to know whether to accept the wedding band’s offer of a discount in exchange for bitcoin,” said Ellison, a Manhattan Beach, Calif., investment analyst, who advised the friend to… Please follow and like us:

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Shandong Gold seeks overseas expansion

Shandong Gold Group Co Ltd, one of China’s leading gold producers, is seeking to expand its overseas business as it aims to become one of the top 10 gold miners in the world. The Shandong-based company is targeting assets in countries that have stable social conditions, good gold reserves and open markets, according to a company… Please follow and like us:

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Pawning of Saudi Aramco and Saudi Arabia

While Sophia the Robot adroitly addressed the throng assembled at Saudi Arabia’s “Future Investment Initiative,” she /it wore no hijab. Sophia once claimed she/it would destroy humanity, yet she/it was now promising to play nice if treated well. The robot doesn’t have a lower half of a body – not yet. Yes, it’s a bit creepy.… Please follow and like us:

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Aramco chief confirms IPO as doubts linger

As questions swirl around the viability of Saudi Aramco’s initial public offering, the oil giant’s CEO has stepped in to confirm the IPO is on track for the second half of 2018. The plan to float five percent of state-owned Aramco — expected to be the world’s largest stock sale — forms the cornerstone of a… Please follow and like us:

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Uber investors threaten to sue over Tuesday board vote

SAN FRANCISCO — Adding a new twist to ongoing drama at Uber, a group of prominent investors in the ride-hailing startup is threatening to sue if a contentious board vote Tuesday doesn’t go its way. The deeply fractured board was gearing up to vote on a handful of measures that would, among other changes, further reduce… Please follow and like us:

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IPOs and Secondaries: All you need to know to play the game

WASHINGTON, September 29, 2017 – At last it’s the wild and wooly last trading day of the month and of Q3 2017. What a boring and rather negative month it’s been for us! Window-dressing and other geeky trading moves are currently masking Mr. Market’s real intentions. We’ll need to wait and see if the generally favorable… Please follow and like us:

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Roku IPO: Shares jump 68 percent as investors bet firm can fend off rivals

Investors brushed aside concerns about Roku’s stiff competition in the video streaming business, sending the company’s shares up 68 percent on its stock market debut Thursday. Roku stock closed at $23.50 after pricing its 18 million shares at $14 apiece, which was at the high end of its expected range. The enthusiastic response to Roku’s $252-million… Please follow and like us:

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Video streaming pioneer Roku aims to raise up to $252 million with IPO

Roku Inc., the leading maker of devices for streaming internet video on televisions, hopes to raise up to $252 million with an initial public stock offering. The Los Gatos, Calif., company’s IPO registration filing Monday came the day after the growing popularity of streaming video platforms such as Netflix was evident at the Emmy Awards, where… Please follow and like us:

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Roku launches free, ad-supported movie channel

Roku is taking it up a notch by programming content on its own channel– the Roku Channel. The new channel launched today and is now available on all Roku devices. How the new Roku Channel works Roku signed licensing deals, which allows them to feature some of your favorite movies from major Hollywood studios like Lionsgate,… Please follow and like us:

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Streaming-device maker Roku files for IPO

Roku, which says 15 million people use its video-streaming devices, filed paperwork Friday to list its shares on the Nasdaq stock exchange. The Los Gatos, Calif., startup has become the leading brand in the online-video device industry. It has managed to fend off competition from bigger names, including Apple TV, Google Chromecast and Amazon Fire TV.… Please follow and like us:

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Roku looks to be a prime IPO candidate

For the past 15 years, Internet television company Roku Inc. has done one thing and done it well. Its streaming sticks, boxes and software make it easy and enjoyable to watch Internet content on a television — a seemingly simple task, but one that its largest rivals have struggled to perfect. “I like to call Roku… Please follow and like us:

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Law revision signals better stock market supervision

BEIJING — China is expected to improve stock market supervision with stricter measures, better information disclosure and strengthened investor protection, said a draft amendment of the Securities Law read by lawmakers on Monday. The country’s securities regulator will be authorized to adopt more measures in law enforcement and impose tougher punishments for violations to better monitor… Please follow and like us:

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