PARIS, Jan 16 (Reuters) – Swiss stocks sank on Friday, extending the sell-off sparked by the Swiss National Bank’s surprise decision to remove a ceiling on the Swiss franc that sent the currency soaring.
Bitcoin has been smoked this year. The digital currency is down 34%. It’s valued around ~$200. That is significantly down from its peak, which was near $1,000. If bitcoin were simply a digital currency that exploded and collapsed, that would be that. We could all move on, and act like nothing happened…
Hedge fund manager Scott Fearon wants to talk about failure. Not that he’s had too many personal encounters with failure in his 25 years as a money manager – his fund has averaged an 11.4 percent return in that time, and 2009 was the only year it ever lost money. But Fearon celebrates the concept of failure – and its importance in free market economies – in his recently-released book, Dead Companies Walking…
Borrower THOMAS COOK FINANCE PLC (THOMAS COOK)
ATHENS, Jan 16 (Reuters) – Two major Greek lenders have applied to tap the national central bank’s emergency funding a year after ending their reliance on it, bankers said on Friday, as Greeks withdraw cash before a snap election on Jan. 25.
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