Finance
South Korea is considering shutting down all virtual currency exchanges, regulator says
Thu, 18 Jan 2018 04:57 GMT
Choi Jong-ku, chief of the country's Financial Services Commission, announced the news on Thursday.
Digital currency plunge may be healthy for cryptocurrency market
Wed, 17 Jan 2018 23:33 GMT
The cryptocurrency market rout may be the start of a washout that digital currency enthusiasts have been waiting for.
Mester advocates for Fed to use rules-based approach when setting interest rates
Wed, 17 Jan 2018 21:41 GMT
The Fed should follow rules to give the public a better understanding of its actions, Fed official Loretta Mester said.
After-hours buzz: AA, PTC & more
Wed, 17 Jan 2018 20:00 GMT
See which stocks are posting big moves after the bell Wednesday.
Ripple co-founder loses $44 billion on paper during cryptocurrency crash
Wed, 17 Jan 2018 19:50 GMT
XRP has fallen 74 percent from a record high hit Jan. 4, erasing $44 billion from the paper holdings of Ripple co-founder Chris Larsen.
Fed's Beige Book: US economy, inflation growing at modest-to-moderate pace
Wed, 17 Jan 2018 19:00 GMT
The U.S. central bank released its periodic report on the health of the US economy Wednesday.
Visa CEO: We won't process transactions in bitcoin, because it's not a payment system
Wed, 17 Jan 2018 18:45 GMT
"We will only process fiat currency-based transactions," said Visa CEO Alfred Kelly.
Goldman's co-president, and wine connoisseur, bilked of $1.2 million in rare vintage
Wed, 17 Jan 2018 17:42 GMT
U.S. prosecutors say a former personal assistant to the executive stole hundreds of bottles from his personal collection.
Dollar will eventually run like bitcoin and other cryptocurrencies, venture capitalist Joyce Kim predicts
Wed, 17 Jan 2018 16:27 GMT
"It's super important" for people to transact in local currencies as well, says the SparkChain co-founder.
Cramer: Investors should heed Bank of America's warning on bitcoin
Wed, 17 Jan 2018 15:56 GMT
During a post-earnings call, Bank of America CEO Brian Moynihan says it has a limited relationship with cryptocurrencies.
Goldman says its tax cut is going to be less than expected and its shares are falling
Wed, 17 Jan 2018 15:43 GMT
Goldman won't be getting as big of a break from tax reform as it had anticipated, another blow to its shareholders.
Your first trade for Wednesday, January 17
Wed, 17 Jan 2018 13:35 GMT
The "Fast Money" traders share their first moves for the market open.
A protracted cryptocurrency crash would 'spill over' into stocks, Wells Fargo warns
Wed, 17 Jan 2018 13:30 GMT
Wells Fargo's Chris Harvey believes investors are underestimating the collateral damage from a cryptocurrency implosion.
IBM shares jump 2% after Barclays upgrade: 'The worst may finally be over'
Wed, 17 Jan 2018 13:21 GMT
Shares of IBM rose 2 percent in premarket trading after Barclays upgraded shares, saying "a new dawn emerges."
Goldman earnings top Street but bank reports 'shocking' 50% drop in bond trading revenue
Wed, 17 Jan 2018 12:38 GMT
Goldman Sachs reported fourth-quarter earnings of $5.68 a share that topped Wall Street estimates.
Bitcoin sinks below $10,000 and is now 50% off all-time high as cryptocurrency sell-off deepens
Wed, 17 Jan 2018 12:35 GMT
Bitcoin fell below $10,000 for the first time since November, as a sell-off in cryptocurrencies continued for a second day Wednesday.
As the first bitcoin futures expire, price and volume concerns arise
Wed, 17 Jan 2018 12:08 GMT
Despite all the hype, volumes and open interest have been fairly small in Cboe and CME bitcoin contracts.
Bank of America's shares fall after quarterly revenue misses expectations
Wed, 17 Jan 2018 11:25 GMT
Bank of America reports better-than-expected adjusted fourth-quarter earnings, but adjusted revenue falls short.
A government shutdown could send investors for a ride, history shows
Wed, 17 Jan 2018 11:00 GMT
The U.S. government could shut down this week and that could spell trouble for investors in the near term, history shows.
Crypto carnage: Bitcoin briefly dips below $10,000 on Coinbase, and ethereum crashes too
Wed, 17 Jan 2018 03:59 GMT
Digital currency ethereum plunged below $1,000, amid a massive sell-off in major digital currencies.
'Black swan' event could threaten China's stability, regulator warns
Wed, 17 Jan 2018 01:38 GMT
Bad debt and high levels of shadow banking activities are among the country's most worrisome risks.
Amplify ETFs CEO thinks blockchain will transform investment leaders
Tue, 16 Jan 2018 22:57 GMT
Amplify ETFs CEO Christian Magoon thinks blockchain investment will bring returns as big as those from FAANG companies.
Juno Therapeutics shares rocket 50% on report of Celgene takeover talks
Tue, 16 Jan 2018 22:06 GMT
Celgene is in talks to buy biotechnology company Juno Therapeutics, The Wall Street Journal reported.
Ripple tumbles more than 40 percent to start 2018
Tue, 16 Jan 2018 21:05 GMT
After stealing the spotlight from bitcoin in 2017, ripple has fallen more than 40 percent in the first few weeks of 2018.
After-hours buzz: JUNO, ADNT & more
Tue, 16 Jan 2018 20:26 GMT
See which stocks are posting big moves after the bell Tuesday.
Shares of H&R Block jump after it announces an exclusive partnership with Walmart
Tue, 16 Jan 2018 19:35 GMT
Shares of H&R Block jumped nearly 1 percent Tuesday after the company announced an exclusive partnership with Walmart.
Analyst Dick Bove calls JP Morgan 'probably the best bank I have ever followed in 5 decades'
Tue, 16 Jan 2018 17:41 GMT
A good start to the year is only going to get better for J.P. Morgan Chase, according to veteran banking analyst Dick Bove.
Nestle sells US candy to Ferrero amid health push
Tue, 16 Jan 2018 17:13 GMT
Swiss food group Nestle agreed to sell its U.S. confectionery business to Italy's Ferrero for $2.8 billion.
Democrats add momentum to GOP push to loosen banking rules
Tue, 16 Jan 2018 15:24 GMT
Fewer than 10 big banks in the United States would still be subject to the stricter oversight imposed by Dodd-Frank, the New York Times reports.
As bitcoin's price plunges, skeptics say the cryptocurrency has no value. Here's one argument for why they're wrong
Tue, 16 Jan 2018 14:13 GMT
Some believe bitcoin has both scarcity and utility—and that makes it valuable.
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