Natural Cycles, a contraceptive app that became certified in the EU as a form of birth control, has been hit with a complaint after being blamed for causing 37 unwanted pregnancies, reports Swedish publication SVT. Södersjukhuset hospital in Stockholm reported the app to Swedish regulator MPA (the Medical Product Agency), […]
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2018’s unbridled stock surge may signal the ‘overshoot’ phase of this bull market is underway
The fast start for stocks this year is hinting that the upside “overshoot” of this bull market might be underway. There’s no formal or objective definition of such a phase. It’s more about the tenor and rhythm of the market than a level or moment. An overshoot period riding on […]
Bitcoin dives below $12,000 to six-week low over crackdown fears
Bitcoin dipped to a six-week low Tuesday, as investors monitored warnings from regulators and reports of an escalated crackdown on the cryptocurrency market in China. Other major digital currencies including ethereum and ripple were also seen falling significantly. According to CoinMarketCap data, ethereum was trading at $1,051.83, down more than […]
Insurer UnitedHealth’s quarterly profit more than doubles
UnitedHealth, the largest U.S. health insurer, reported quarterly profit on Tuesday that more than doubled from a year earlier, driven by a one-time tax benefit. UnitedHealth, which sells employer-based insurance as well as Medicare and Medicaid, said net earnings attributable to shareholders rose to $3.62 billion, or $3.65 per share, […]
BlackRock’s message to Corporate America: Contribute to society, or risk losing our support
On Tuesday, the chief executives of the world’s largest public companies will be receiving a letter from one of the most influential investors in the world. And what it says is likely to cause a firestorm in the corner offices of companies everywhere and a debate over social responsibility that […]
Fiat Chrysler CEO warns consumers could ‘pay the price’ if NAFTA unravels
Fiat Chrysler is concerned consumers could be left exposed to price hikes as a result of NAFTA negotiations. Speaking on the sidelines of the North American International Auto Show in Detroit, Fiat Chrysler’s Chief Executive Sergio Marchionne told CNBC on Monday: “The consumer, in the absence of a realignment of […]
Why French leader Macron could outshine Trump at Davos
French President Emmanuel Macron is set to speak at this month’s World Economic Forum (WEF) in Davos, Switzerland, with analysts saying the popular new leader will be Europe’s man to watch there. Macron is expected to give a speech to world leaders and business people gathered in the Alpine resort […]
Bitcoin price drops 10 percent in an hour, falling below $12,000 to a six-week low
Bitcoin dipped to a six-week low Tuesday, as investors monitored warnings from regulators and reports of an escalated crackdown on the cryptocurrency market in China. Other major digital currencies including ethereum and ripple were also seen falling significantly. According to CoinMarketCap data, ethereum was trading at $1,090.96, down more than […]
Investors could lose everything on cryptocurrency fundraises, regulator warns
Buying into initial coin offerings (ICOs) can lead to the total loss of an investment, said the head of a top European regulator. ICOs bear similarities to initial public offerings for a stock, but in an IPO, the investor usually has a stake in the company, whereas coin sales differ […]
California parents charged with torture after 13 siblings found chained in a house
A California couple has been charged with torture after police rescued their 13 malnourished children from a home where some of them had been chained to beds, and neighbors on Monday described the family as shut-ins who shunned social contact. Police made the discovery after a 17-year-old girl escaped the […]