Ecuador passes bill to ban bitcoin, digital currency usage

Bitcoin ban

What may perhaps be the first of many countries to do so in the future, the National Assembly of Ecuador has voted to prohibit (PDF) the peer-to-peer decentralized digital currency bitcoin and other virtual currencies. However, the country has plans to produce guidelines for the … [Read more...]

Large number of iPhone 6 orders could boost competitors’ prices by 10%

iphone 6

When it comes to the electronics market, Apple Inc. (NASDAQ:AAPL) is large enough that some of its actions have a direct impact on the rest of the business niche in which it operates. Somewhat like a force of nature, its larger operations alter the conditions under which rival firms … [Read more...]

Mark Cuban thinks taxes will jump if inversions continue rising

Mark Cuban

United States President Barack Obama spoke with CNBC on Thursday to discuss the issue of "fairness" in the economy. Most of the interview consisted of the president talking about "inversions," a practice of U.S. companies merging with smaller overseas corporations to avoid paying … [Read more...]

Xiaomi Mi 4 designer denies ripping off Apple Inc’s (AAPL) iPhone


Chinese company Xiaomi's recent unveiling of its Mi 4 smartphone has brought accusations that the device is a direct copy of Apple Inc.'s (NASDAQ:AAPL) iPhone, a charge that the Mi 4's designer vigorously denies. Two days after Liu Jun, CEO of Xiaomi, took to the stage in a … [Read more...]

Jesse Jackson pressures Twitter to release diversity report: nothing to see here

Jesse Jackson

Twitter became the latest major United States company to release a diversity report after civil rights activist and former presidential candidate Jesse Jackson requested the social media outlet Twitter publish its findings. According to the report, Twitter employees are mostly white … [Read more...]

Apple Inc’s (AAPL) iPad still rules the roost, but dropping sales repel fund managers


Apple Inc.'s (NASDAQ:AAPL) iPad tablet is still the leading product in the global market, but is steadily losing ground to its underdog competitors, new reports suggest following the Cupertino company's Q3 2014 earnings report. Despite continued overall growth and favorable market … [Read more...]

Big jump in Apple (AAPL) 2014 research spending spotted


Even as iWatch rumors fly thick and fast in investing and analytical circles, Apple Inc. (NASDAQ:AAPL) spent more money on research than it has in nearly a decade, according to some perceptive detective work by the Financial Times. Apple's financial figures indicated a massive upward … [Read more...]

Wall Street Journal website breached, hacker offers data for one bitcoin

Bitcoin Hacker

When it comes to peer-to-peer decentralized virtual currencies, hackers usually travel two routes: attack virtual currency exchanges and steal clients’ digital holdings or infiltrate computers and use their power to mine for digital currency. Lately, however, hackers have been … [Read more...]

Australian Tax Office (ATO) issues further clarity on bitcoin taxation


What seemed like constant back and forth modifications and officials changing their minds on a regular basis, the Australian Tax Office (ATO) finally somewhat released a little bit of clarity on how taxpayers can correctly address their bitcoin holdings on their income tax … [Read more...]

Apple’s (AAPL) explosive growth in China surprises even Tim Cook

iPhone Sales

The "Middle Kingdom" is the latest region of the globe to witness strong market penetration by Apple Inc.'s (NASDAQ:AAPL) products, and Chinese sales of iPhones and Macs have proven robust enough to startle even Tim Cook, at least in public. Apple's success has also been a driving … [Read more...]

American consumers cut back on spending this summer


This summer, the cost of pretty much everything has gone up: meat, eggs, fruit, vegetables, water and gas. Due to this, consumers have been cautious as to what they are consuming in the hot summer months of July and August. In fact, they are using various methods to cut back on … [Read more...]

Opinion: analysts’ wrangling over Apple (AAPL) iWatch price, design and functions

iWatch Smartwatch

The Apple (NASDAQ:AAPL) iWatch, whose name was confirmed by a trademark filing in Japan on July 1st, 2014, has proven to be a rich field for speculation and opinion. Analysts from around the globe have presented their opinions about the wearable electronics device, developing … [Read more...]

Millennials stuffing cash under their matress instead of investing in the stock market

money under matress

Despite the growing concerns that millennials will be defined as the “lost generation” and a group of people that will be worse off than their parents, reports show that those born between 1981 and 2000 will control approximately $9 trillion in assets in a few years and inherit $36 … [Read more...]

Chinese smartphone maker Xiaomi challenges Apple (AAPL) for the BRIC market


"Dark horse" challengers, seemingly coming from nowhere to overset the established order of things, are not unknown in the electronics business – in fact, Apple Inc. (NASDAQ:AAPL) itself has occupied that role several times in the past during its rise to its current eminence. Today, a … [Read more...]

Hoarding and security issues are preventing bitcoin from going mainstream

Fred Wilson

When it comes to the future of bitcoin and its widespread adoption capabilities, one of the common themes that investors, analysts and venture capitalists iterate is the virtual currency’s security. There is another worrisome element to the digital currency that may produce … [Read more...]

Apple (AAPL) 3rd quarter earnings report due out today

AAPL earnings

Quarterly earnings reports have proven to be highly variable for Apple, Inc. (NASDAQ:AAPL) this year, with the first report causing the Cupertino company's shares to founder temporarily, and the second report drawing plaudits and eager investment. Apple's third earnings report is due … [Read more...]

Mexican billionaire tycoon Carlos Slim argues in favor of a three-day work week

Stressed worker

How would you react to a three-day work week that would entail of 11-hour days and workers delaying their retirement until the ages 70 or 75? This so-called "radical overhaul" is being suggested by Mexican billionaire tycoon Carlos Slim, who delivered a speech at a conference in … [Read more...]

Apple (AAPL) is transforming into a ‘lifestyle business,’ Spotify CEO Daniel Ek claims


According to Daniel Ek, the CEO of Spotify, Apple Inc. (NASDAQ:AAPL) is metamorphosing from a plain electronics manufacturer into a "lifestyle business." Mr. Ek spoke at the Brainstorm Tech conference in Aspen, Colorado, which took place on July 14th to 16th, 2014. This gathering, … [Read more...]

Dell is now the largest retailer to accept bitcoin


The third biggest personal computer seller in the world today, Dell, will now accept bitcoin on its website. The multinational billion-dollar company announced in a blog post Friday that it will start permitting the peer-to-peer decentralized digital currency as a method of payment … [Read more...]

Lenovo’s tablet retreat highlights Apple (AAPL) iPad’s market power in USA

Thinkpad 8

The iPad mini has become so popular in the United States, home country of Apple Inc. (NASDAQ:AAPL), that Lenovo has stopped selling its two smallest, 8 inch tablets in the country entirely. According to PC World, the company is ceasing sales of the Thinkpad 8 and the Miix 2 with 8 … [Read more...]