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Monday, February 20, 2017

Business

Charlie Munger Continues Drawing Admirers at 93

Charlie Munger’s reputation has continued to grow over the years as more people realize the value of his rationality and acerbic wit. The billionaire became famous for being the long-time Vice Chairman of Berkshire Hathaway and Warren Buffett’s closest associate. Before entering the business world, Munger was an Attorney and co-founder of the Los Angeles

Charter Communications Sued for Slow Internet Speeds

New York Attorney General Eric Schneiderman has filed a lawsuit against internet provider Charter Communications that alleges that the behemoth company leased old equipment (routers) to customers which could not meet the expectations of customers. “The allegations in today’s lawsuits confirm what many of you have long suspected. Spectrum-Time Warner has been ripping you off,”

Netflix Trumps Estimates with Millions of New Subscribers

Once considered on the decline, streaming service Netflix posted a whopping gain over estimates as expansion into other markets helped the company achieve tremendous subscribers over the latest period of reporting. Reports indicate that the company added nearly two million new subscribers in the U.S. and over five million around the globe. Analysts had estimated

Markets

Bitcoin freefall after massive sales in China

The crypto-currency Bitcoin started freefall and depreciated by almost 20% this afternoon after large sales in China, growth of the Chinese yuan and liquidations of short positions by OKCoin. The digital currency price reached the record high values peaking at 1,140.64 USD, but today afternoon for less than 20 minutes lost 200 USD to value

Bitcoin reached new record high

The Bitcoin reached a new record high on Wednesday, becoming an increasingly attractive asset for investors. The digital currency appreciated, due to increasing interest in China and some other parts of the world, where legacy currencies are tightly controlled. In China the raising concerns about the yuan cause investors to gravitate to other assets in

Economic News, Theory, and Data