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The Fed could siphon the brakes on bitcoin’s 1,500% rally

U.S. Federal Reserve Chair Janet Yellen addresses the Economic Club of Washington in Washington Dec 2, 2015. REUTERS/Joshua Roberts The Federal Reserve on Wednesday lifted its benchmark seductiveness rate 25 basement points to a operation between 1.25% and 1.5%. Don Ross, the CEO of PDQ Enterprises, user of CODA Markets, …

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THE BOTTOM LINE: Bitcoin mania, a Nobel Prize-winning economist talks Trump, and a low dive on unstoppable tech stocks

This week: Business Insider CEO Henry Blodget discusses the duration arise of bitcoin. He references a new investigate note published by former Merrill Lynch arch investment strategist Richard Bernstein, who refers to the cryptocurrency as “bitcon.” Blodget walks by Bernstein’s avowal the bitcoin meets all 5 characteristics of a bubble: …

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Sears just dealt a outrageous blow to its stores

A Sears store in Richmond, Virginia. Business Insider Sears will start selling its DieHard-brand automobile batteries, chargers, tires, and some-more on Amazon. Sears done a identical understanding in Jul to start selling its Kenmore-branded appliances on Amazon. Both deals should give the company entrance to new business and revenue. But …

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