Bitcoin is a virtual or online currency created through a "mining" process where a computer's resources are used to perform millions of calculations. Once mined, bitcoins can be stored in an online wallet, traded in an online exchange, or used to buy goods and services.
World Trade Organization (WTO) members met in Geneva on Friday trying to finalize a deal to cut tariffs on $1 trillion of information technology products from video games to medical equipment. The United States said a deal had been struck, but WTO Director General Roberto Azevedo postponed a press conference at which he and the talks' chairman, European Union Ambassador Angelos Pangratis, had been due to announce the agreement.
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come back together.
The implied volatility of the July ATM 1965 puts expiring on July 25, 2014 is 9.65%. To receive the same targeted return as they would have back in the summer of 2011(25% annualized), the put seller would have to sell puts only 3.3% out-of-the-money.
Treasury yields jumped to the highest level since 2011 amid swelling speculation the Federal Reserve will trim its bond purchases next month. Emerging markets led losses in stocks and industrial metals slid.
U.S. stocks fell, dragging the Standard & Poor’s 500 Index down from a record, as financial and energy shares tumbled after oil plunged and worse-than-estimated data spurred concern over economic growth.