Future Currency and A Rate Hike Reckoning
This week’s top stories…
Future Currency: Bitcoin futures opened at $15,000 and surged 26% in their debut session on Cboe Global Markets exchange, triggering two temporary trading halts. Traffic on Cboe’s website was so heavy that it caused delays and temporary outages.
Lethal Combination: In addition to nuclear missiles, North Korea is moving to acquire machinery for an advanced bioweapons program. The country is building factories that can produce microbes (like smallpox and anthrax) by the ton, and laboratories that specialize in genetic modification.
Rate-Hike Reckoning: Citigroup and JP Morgan predict average interest rates across advanced economies will rise to at least 1% next year, marking the steepest climb since 2006. Citigroup expects the Fed to move three times and the U.K., Australia, New Zealand, Sweden, and Norway once.
Game Time: Verizon is paying the NFL $2.25 billion to stream live football games. However, it’s not an exclusive right to do so.
Black Thursday: The FCC is set to repeal Net Neutrality rules later this week — a move that will make the Internet slower, more expensive, and less accessible.
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