Trump Orders Review of Dodd-Frank Act Rules

Finance Investment Trading

Today Trump signed the executive order, requesting Treasury Department to investigate financial regulations, enacted by the Obama administration after the financial crises of 2008. The order is targeting the controversial Dodd-Frank Act.  The second directive halts the Labor Department rule that requires brokers to act in a client’s best interest, rather than seek the highest …

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SEC Decision on Winklevoss Bitcoin ETF is Coming Soon

Finance Investment Trading

The SEC will soon have to make the decision regarding the application for bitcoin ETF by Winklevoss Capital Management. If approved, the bitcoin ETF will be traded on Bats BZX Exchange. The application was filed on June 30, 2016. The decision date was rescheduled by the SEC. According to the official statement, the final ‘yes …

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Bitcoin Price is Rising Despite Drop in Volume

Finance Investment Trading

Despite the drop in trading volume due to the events in China, bitcoin price continues to climb, approaching $1000. This is a good sign for the cryptocurrency, showing the interest to it value even in the conditions when the volume of speculative trades is drastically reduced. The bitcoin is also used as a hedge against …

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Can Trump Stop Manufacturing Jobs From Moving Overseas?

Automation replacing workers at manufacturing jobs

Over the last decades we have witnessed massive flight of manufacturing jobs from the United States, as companies were trying to take advantage of low cost labor in the developing countries. The practice of outsourcing, or moving production overseas, made perfect economical sense, stimulating international trade, increasing profit of corporations and reducing the price of …

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Chinese Electric Cars Are Posed Compete With Tesla

Qiantu K50 - Chinese Electric Car

China is preparing the production line for manufacturing a high-end electric car, Qiantu K50, presumably good enough to compete with Elon Mask’s Tesla. After unsuccessful attempts to compete in already saturated global automotive market with high quality reliable cars from American, European and Japanese manufacturers, China has introduced a government sponsored program to become major …

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Trump’s 20% Border Tax: Unintended Consequences

Finance Investment Trading

Yesterday, Trump administration floated idea of collecting 20% border tax on goods, exported from Mexico to the United States in order to pay for the wall. The statement started uproar in media and social networks, eventually causing the administration to step back and announce that the border tax is just one of many ideas that …

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