There will never be a Vanguard Bitcoin fund, according to CEO Tim Buckley.
He says that Vanguard avoids assets that don't have underlying economic value.
And that was just the start of the bearish news in the cryptocurrency market...
by Jack Delaney
The Chipotle stock price has dropped 8.71% for the month, and the source of its E.coli outbreak still hasn't been identified.
For the year to date, the Chipotle stock price is down 17.15%.
by Tara Clarke
The government's official unemployment rate is "a Big Lie," according to Jim Clifton, the CEO of 80-year old analytics firm Gallup. In a Feb. 3 op-ed, Clifton slammed the White House, Wall Street, and the media for celebrating about how unemployment is "down" to 5.7%.
Of course, here at Money Morning, we've called the "official" unemployment numbers cooked all along.
It's a good thing that Clifton is onboard with us – the more the merrier.
by David Zeiler
Overstock.com (Nasdaq: OSTK) CEO Patrick Byrne wants to create a Bitcoin stock trading system to make Wall Street obsolete.
Last month he created a wiki page on the Internet to solicit help in creating a decentralized, purely digital stock trading system that would use Bitcoin's blockchain – the mechanism that records and verifies all the transactions – as its foundation.
But while Byrne has made progress, he faces huge obstacles…
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From Staff Reports The leadership crisis at Citigroup Inc. (C) finally reached climax proportions late yesterday (Sunday) after the bank announced that embattled Chief Executive Officer Charles O. "Chuck" Prince III would retire. Former Treasury Secretary Robert E. Rubin – chairman of the executive committee and a member of the board of directors – will […]
