Bitcoin trouble, another coin bonanza and Tesla shines

Credit Suisse dinged in Senate report, Macy's hit by sluggish sales

By Jeff Benjamin

Feb 26, 2014 @ 7:54 am (Updated 8:29 am) EST

E-mail

Reprints

Today's guest chef: Mason Braswell

Bitcoin's primary exchange vanished after its chief executive resigned amid reports of a massive theft. The losses at the Japan-based exchange have drawn attention from regulators. Japan authorities looking into closure of Mt. Gox bitcoin exchange
And here's the bright side of the Mt. Gox failure
While some Bitcoin investors may have been out of luck, a California couple stumbled upon jars of rare and valuable coins buried in their back yard. Experts say it could be worth millions. California couple strikes gold after finding $10 million in rare coins
Tesla shares jumped in the company's most recent “best day ever” as Morgan Stanley and Consumer Reports both published rave reviews. The electric car marker is now valued at more than half of General Motors. Keep gushing over Tesla's latest best day ever
A scathing Senate report detailed how Credit Suisse helped wealthy Americans avoid paying taxes on an estimated $12 billion in assets. The report wasn't kind to the Justice Dept., either. Credit Suisse helped wealthy Americans cheat the IRS, Senate report says
Shopper, wherefore art thou? Macy's became the latest retailer to report sluggish sales. Macy's profit rises despite low sales

Jeff Benjamin

@twitter

Google

Jeff Benjamin covers investment strategies in his award-winning column, Investment Insights, and also dives deep into the minds of leading portfolio managers in his regular column, Portfolio Manager Perspectives.

Like what you've read?

Continue Reading

Bitcoin: The future of money

Whether or not bitcoin ever rivals the dollar, the digital currency platform could be a springboard for future monetary innovations.

Short fall: Birinyi sees S&P 500 at 1,900 by July

U.S. stocks have too much momentum to make betting against the Standard & Poor's 500 index a winning strategy and the gauge will probably reach 1,900 next quarter, according to money manager Laszlo Birinyi.

A glimpse into the future of adviser technology

Looking for the future of adviser technology? Then look no further than the annual Consumer Electronics Show because most innovations in business technology trace their roots to innovations originally targeted towards consumers.