When Bitcoin was in bubble territory at the beginning of the year, we at Biznews pointed out that booms are usually followed by busts. But the whole point of irrational exuberance is that it is irrational and despite all the warnings, Bitcoin found plenty of investors during the bubble months.
We’ve talked before about the Rand’s unexpected resilience in the face of a crisis in emerging market currencies. But as South Africa ponders a path to growth, the crisis in Turkey holds some important lessons – and some important warnings.
US president Donald Trump has asked the Securities and Exchange Commission to study the potential impact of changing its requirement that companies report their earnings quarterly. Instead, he has suggested reporting every six months.
The US bull market is getting pretty long in the tooth, and at this point in its history, it owes most of its power to just a handful of shares – Amazon, Facebook, Google parent Alphabet, and a few other tech stocks.
He’s an unlikely hero is Shaun Abrahams, the now-disgraced former head of the National Prosecuting Authority (NPA). But Abrahams may inadvertently have done the country and the currency a world of good by getting sacked amidst the emerging markets currency crisis.
Something is going very wrong in Elon Musk’s life. He has been behaving bizarrely and making irrational decisions that have put him at loggerheads with his previous supporters in the investment community.