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George Dean
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Trump Ordered Review of Dodd-Frank Act Rules

Today Trump signed the executive order, requesting Treasury Department to investigate financial regulations, enacted by the Obama administration after the financial crises of 2008. The order is targeting the controversial Dodd-Frank Act.  The second…
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SEC Decision on Winklevoss Bitcoin ETF is Coming Soon

The SEC will soon have to make the decision regarding the application for bitcoin ETF by Winklevoss Capital Management. If approved, the bitcoin ETF will be traded on Bats BZX Exchange. The application was filed on June 30, 2016. The decision date was…
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Bitcoin Price is Rising Despite Drop in Volume

Despite the drop in trading volume due to the events in China, bitcoin price continues to climb, approaching $1000. This is a good sign for the cryptocurrency, showing the interest to it value even in the conditions when the volume of speculative trades…
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On Tuesday the president Donald Trump had a meeting with executives of the largest US pharmaceutical companies. During the meeting, he told that the drug prices on the US market are astronomical and should be brought down. President Trump on Tuesday told…
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Oil Prices Remain Stable Despite OPEC Production Cuts

Oil prices remain stable despite cuts in production by the OPEC countries and Russia. The crude price stays in the range $50-$55 a barrel since the production cuts were announced on November 30, 2016. WTI crude futures dropped from its December maximum of…
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Can Trump Stop Manufacturing Jobs From Moving Overseas?

Over the last decades we have witnessed massive flight of manufacturing jobs from the United States, as companies were trying to take advantage of low cost labor in the developing countries. The practice of outsourcing, or moving production overseas, made…
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Chinese Electric Cars Are Posed Compete With Tesla

China is preparing the production line for manufacturing a high-end electric car, Qiantu K50, presumably good enough to compete with Elon Mask’s Tesla. After unsuccessful attempts to compete in already saturated global automotive market with high quality…
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Yesterday, Trump administration floated idea of collecting 20% border tax on goods, exported from Mexico to the United States in order to pay for the wall. The statement started uproar in media and social networks, eventually causing the administration to…
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Bitcoin trading volume is sliding for the second day since the transaction fees were introduced by the major Chinese bitcoin exchanges. The fees are the result of increasing government attention to the bitcoin market, that forced the exchanges to curb…
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Trump is considering 20% border tax in order to pay for the wall project. The plan was announced just hours after the Mexican president cancelled his visit to Washington. Bloomberg reports: The idea of a border tax was first proposed by White House Press…
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