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Under a single streamlined currency now over a dozen global firms will invest in and govern the currency including master card vodafone and as group will supposedly wall off control of the currency from facebook itself the new coin will be pegged to a basket of global currencies such as the dollar and the euro with the intent of shielding it from the wild fluctuations that are plagued big and scared off many average investors the big question will it catch on facebook is betting that the scale of its social Network Alone with 2400000000 monthly users will forge a new huge marketplace for streamline purchases and exchanges the social network is also says that libor will help to bridge the socalled banking gap giving the 1700000000 people around the world who do not have a bank account a secure alternative to cash so why a crypto currency heres how facebook c. E. O. Mark zuckerberg 1st publicly frame the idea a few weeks ago. I belie ....
Kick off the final hour of trade. Look at the dow jones industrials, down 40 points. Low of the session, down 291. So a big comeback here. The s p 500 down 19 points, but weve got breaking news on the nasdaq. Right now it is still falling deeper into the correction hole, right now down 122 points. Of course, it tumbled into correction yesterday. Right now the techheavy index though is well off the lows of the session. You can see low of the session a loss of 277, so weve chopped that in half. Yesterday though the composite suffered its worst day in eight months, clocking a 318point loss are. Alphabet really led the dive into correction with a bruising 9. 5 loss on weak cloud results, the google parent getting hit again this session, down 2. 69. Off the lows, but thats good for at another about another clip of 2. Yesterday was the worst performance for the stock in three and a half years. Microsofts 3. 1 gain wednesday was not enough to cushion either the nasdaq or the dow, and today it ....
Dax is off by a half percentage point. The cac is off by 0. 4 the ftse relatively flat but still down finally look at crude oil prices crude was up by 2 yesterday in the market trading, but it dropped significantly after hours after there was a big increase in api crude inventories. That came as a surprise. This morning things are down by 13 cents heres some of the other big stories. Jury selection in the trial of Martin Shkreli will enter its third day today. Its not going well. Some potential jurors said they could not be fair to a man who gamed ed gained fame on raising drug prices over 5,000 . Shkreli himself has complicated matters by seeking public attention on his twitter account since charges were filed lashing out at critics and boasting of his wealth he even launched a Charity Auction for people who wanted to punch him in the face. He was banned from twitter in jan ....
Day, the fbi said it would review additional emails in the case, possibly involving the private server that Hillary Clinton used as strait. Secretary of state. In a letter to lawmakers, director james comey said his agency was taking steps to, quote, determine whether they continue classified information, as well as to assess their importance to our investigation. And when the news broke, the markets spoke. Loudly. Stocks dropped sharply, ripples sent through the currencies, commodities and bond markets, as well. By the end of the day, the major stock averages recovered somewhat. The dow industrials lost just eight points at 18,161. The nasdaq was off 25, and the s p 500 fell 6. A lot of twists and turns in this email story, and eamon javers has been following every one of them. Eamon, whats the latest we know . Well, tyler, astonishing day in american Law Enforcement and p ....
Day, the fbi said it would review additional emails in the case, possibly involving the private server that Hillary Clinton used as strait. Secretary of state. In a letter to lawmakers, director james comey said his agency was taking steps to, quote, determine whether they continue classified information, as well as to assess their importance to our investigation. And when the news broke, the markets spoke. Loudly. Stocks dropped sharply, ripples sent through the currencies, commodities and bond markets, as well. By the end of the day, the major stock averages recovered somewhat. The dow industrials lost just eight points at 18,161. The nasdaq was off 25, and the s p 500 fell 6. A lot of twists and turns in this email story, and eamon javers has been following every one of them. Eamon, whats the latest we know . Well, tyler, astonishing day in american Law Enforcement and p ....