Thursday 06.15.17

“The hardest thing to understand in the world is the income tax." - Albert Einstein (We can't figure it out either)

Message Startup Slack Said to Draw Interest From Amazon.com Bloomberg sources state that the multiple technology companies, including Amazon, are interested in a potential takeover of the corporate chatroom startup Slack. If a deal occurs, it is expected that Slack would be valued at around $9 billion.   - Bloomberg

5 Charged With Involuntary Manslaughter in Flint Water Crisis Five officials in Michigan, including the head of the state’s health department, were charged involuntary manslaughter on Wednesday in relations to the Flint water crisis. These charges are the closest investigators have come to directly blaming officials for the deaths and illnesses that resulted from the city's contaminated water.   - New York Times

Major bitcoin exchanges hit by cyberattacks as record rally makes them a target A number of centralized bitcoin exchanges have been hit with 'denial-of-service' attacks as the increase in the price of bitcoin has made them a target. The DDoS attacks are intended to paralyze a system with a flood of information, but these attacks do not affect client funds. The decentralized blockchain, which is the technology bitcoin exists on, is still at this point theoretically impenetrable.   - CNBC

AIG teams with IBM to use blockchain for 'smart' insurance policy AIG and IBM have partnered to develop a smart contract that exists on the blockchain for insurance policy use. The two companies created the first of its kind pilot contract for Standard Chartered Bank PLC which uses blockchain to allow for real-time sharing of information for a main policy written in the United Kingdom, where the bank is headquartered, and three other local policies in the United States, Singapore and Kenya.   - Reuters

Google Drive will soon back up your entire computer Google will soon be able to monitor and backup files inside of any folder you tell it to without the actual files having to exist on the Drive folder. This update will allow you to save your desktop, documents folder, and other specific locations.   - The Verge

Fed Raises Rates, Sets Out Plan to Shrink Asset Holdings Beginning This Year The Fed announced that it will raise short-term rates and will ultimately lay out the path to begin shrinking their $4.5 trillion bond and other assets portfolio in 2017.  - Wall Street Journal

U.S. regulators might block the merger of FanDuel and DraftKings According to sources familiar with the matter, the U.S. Federal Trade Commission is raising flags in regards to the proposed merger of FanDuel and DraftKings due to concerns of competition.   - Recode

Qatar Signs $12 Billion Deal for U.S. F-15 Jets Amid Gulf Crisis Qatar will soon ink a deal to purchase up to 36 F-15 jets from the United States. This deal comes at a tense time as a Saudi-led coalition has moved to isolate Qatar for its alleged support of terrorism.   - Bloomberg

That's your adviser swimming in the money. And that's the problem. 
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