April 2017




China FX reserves increase

Chinese FX reserves did something that hasn’t been seen in eight months in February. They increased. According to the People’s Bank of China (PBoC), reserves…


Bitcoin price erratic

Bitcoin plunged by more than $100 in a matter of minutes on Tuesday morning. The cryptocurrency was down about 1.5% at $1,260 a coin just…


Why Snap Is Tanking

The third day was not the charm. Not for Snap, the company that owns the Snapchat app. An investor revolt, spearheaded by the Council of…


Snap CEO just got richer

Snapchat cofounder Evan Spiegel just became $800 million richer. The 26-year-old CEO has been officially awarded roughly 37 million additional company shares, according to a…