Is the World Overdoing Low Interest Rates?

Low interest rates are supposed to accelerate economic  growth. But if central banks cut rates too much, they could actually slow the economy. So says a counterintuitive theory that's making the rounds in academic and banking circles.“Fed actions may be having little effect, or even effects opposite to those the Fed intends,” Charles Calomiris, an economist at Columbia…

US officials scramble to limit Donald Trump’s diplomatic damage over Qatar tweets

Government agencies sought to mitigate the impact of presidents lambasting, restating existing policy and playing down the significance of the tweets The US state and defence departments have scrambled to limit the diplomatic damage done by Donald Trumps morning tweets lambasting Qatar, which is the hub for US military air operations across the Middle East.…

Bitcoin Is at Risk of No Longer Being the Biggest Digital Currency

Step aside, bitcoin. There’s another digital token in town that’s winning over the hearts and wallets of cryptocurrency enthusiasts across the globe. The value of ether, the digital currency linked to the ethereum blockchain, could surpass that of bitcoin by the end of 2018, according to Olaf Carlson-Wee, chief executive officer of cryptocurrency hedge fund…

Do digital currencies spell the end of capitalism?

Cryptocurrencies like Bitcoin pose a fundamental challenge to the notion of money itself It started with the best of intentions: in 2015 a group of programmers inspired by the success of Bitcoin launched a new software platform called Ethereum that allowed users to conduct transactions without a central bank or currency authority using tokens called…

Bitcoin breaks records again, this time above $1,500

Congrats, bitcoin. Image: ethan miller/Getty Images Bitcoin is still on a major upswing. The price of the cryptocurrency broke $1,500 this week a huge milestone for bitcoin and other cryptocurrencies. The $1,500 price put the total value of the cryptocurrency market above $40 billion, MarketWatch reported. Bitcoin started off 2017 trading just above $1,000, which…