Morning six-pack: What we're reading Wednesday

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Published: Wednesday, 26 Feb 2014 | 8:21 AM ET
By: | Finance Editor
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Gabriel Scheare uses the world's first bitcoin ATM on October 29, 2013, at Waves Coffee House in Vancouver, British Columbia. Scheare said he "just felt like being part of history."

Happy Wednesday. How many bitcoins does it take to buy a Morning Six-Pack? Answer: zero.

So where did all the bitcoins go? To the same place they came from—the ether. (BloombergBusinessweek)

Lower tax rates for rich folks are good but a "middle-class entitlement" for flood insurance is all kinds of wrong. (So sayeth The Wall Street Journal.)

That Bill Gross-Mohamed El-Erian fissure at Pimco made for fun water cooler talk, but things could get ugly if it leads to wholesale changes at the top. (Quartz)

If this is only the "first inning" of the shale boom, as ConocoPhillips CEO Ryan Lance suggests, then somebody go get me a beer and some nachos. (Houston Business Journal)

Credit Suisse apparently was the place to go to get help avoiding taxes. (BBC)

And finally ...that used car salesman in the plaid jacket is a lonely figure now that Americans have changed the way they buy autos. CNBC's Philip LeBeau drives the point home.




  • Jeff Cox is finance editor for CNBC.com.

  • Lawrence Develingne



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