News That Matters

Tag: predicts

China could launch its own digital currency in the next 2-3 months, predicts investor

China could launch its own digital currency in the next 2-3 months, predicts investor

Finance
China could start rolling out its digital currency as early as the next two to three months, predicted the managing partner of an investment firm backed by Foxconn Technology Group.China has developed a framework called the Digital Currency Electronic Payment or DCEP, according to Jack Lee, managing partner of HCM Capital. That would allow its central bank to issue a digital currency to commercial banks and third-party payment networks by Alipay and WeChat Pay, he explained."So, they already have all the system and the network ready. I think you will see it very soon, in the next maybe two to three months," Lee told CNBC's Tanvir Gill at the Singapore FinTech Festival on Monday.He said the launch could start as a trial — not to replace physical money completely.HCM Capital has invested in
Wall Street bull Ed Yardeni predicts stocks will fly 17% between now and 2021

Wall Street bull Ed Yardeni predicts stocks will fly 17% between now and 2021

Finance
With the S&P 500 about one percent from its all-time highs, Wall Street bull Edward Yardeni is predicts a record breakout is coming.The Yardeni Research president believes between now and the end of next year, the index will soar 17% from current levels."I've got 3,500 as my target for next year," he told CNBC's "Trading Nation" on Friday. "We'll get there on higher earnings with maybe somewhat higher valuation as the perception continues to be that interest rates aren't going up much, if at all."Despite the major indexes breaking a three week win streak on Friday, Yardeni highlights the market's recent composure for his latest bullish forecast. He gives the drone attack on Saudi Arabia's infrastructure last weekend as an example of what could have been easily viewed as a strong cataly...
The methane-filled lakes on Saturn’s moon Titan are explosion craters, model predicts

The methane-filled lakes on Saturn’s moon Titan are explosion craters, model predicts

Science
Sept. 9 (UPI) -- According to a new model developed by planetary scientists in Italy and the United States, many of the methane-filled lakes on Titan were likely formed after explosions of warming nitrogen left dozens of empty craters dotting the surface of Saturn's largest moon. Outside of Earth, Titan is the only planetary body in the solar system known to host stable liquid on its surface. While Earth hosts bodies of water, Titan's lakes are filled with liquid methane and ethane. On Earth, methane and ethane typically exist in gas form, but subzero temperatures on Titan allow the hydrocarbons to exist in liquid form. Previous models suggested Titan's lakes were formed over thousands of years as the liquid methane and ethane precipitated by Titan's clouds dissolving the moon's bedrock ...
Premier League 2018/19 final table: Super Computer predicts the position every team will finish – *February update*

Premier League 2018/19 final table: Super Computer predicts the position every team will finish – *February update*

Sports
REVEALED We are into the second month of 2019 and are still no closer to knowing who will be crowned champions of England The 2018/19 Premier League season is shaping up to be one of the most exciting campaigns in years. Unlike the last few seasons there is a real title race, with Liverpool and Manchester City going head-to-head to be crowned champions of England. Liverpool lead the way at the beginning of February Tottenham are still in the race as well, with Mauricio Pochettino continuing to do a fine job with the north Londoners. Elsewhere, Manchester United’s resurgence means the fight for a top four finish is hotting up, with Chelsea and Arsenal going against the Red Devils to secure qualification for next season’s Champions ...