Finance

Bitcoin dipped to a six-week low Tuesday, as investors monitored warnings from regulators and reports of an escalated crackdown on the cryptocurrency market in China. Other major digital currencies including ethereum and ripple were also seen falling significantly. According to CoinMarketCap data, ethereum was trading at $1,090.96, down more than 18 percent in the last
0 Comments
Ireland says it can help U.K. companies that are concerned about losing the right to sell products into the European Union after Brexit comes into effect. “We’re saying to people, if there are difficulties, Ireland can be part of the solution for passporting,” Michael D’Arcy, minister of state at Ireland’s Department of Finance, told CNBC
0 Comments
China will step up oversight in the banking sector this year to reduce financial risks, the country’s banking regulator said, stressing that long-term efforts would be needed to control banking sector chaos. The China Banking Regulatory Commission (CBRC) said late on Saturday in a statement that its priorities included increasing supervision over shadow banking and
0 Comments
Indonesia’s central bank has issued a fresh warning about trading in cryptocurrencies like bitcoin because of the risk of losses to the public and even a potential threat to the stability of the financial system. Bank Indonesia (BI) has previously said that cryptocurrencies were not recognized as a legal medium of exchange, so that they
0 Comments
Samuel Kemp, Piper Jaffray: “We see this as the right long-term decision.” When people are selling the stock, they’re thinking: “This could lead to reduced Facebook engagement, ad impressions and therefore ad revenue,” according to Kemp. But Facebook still owns Instagram, and that could absorb any ads that don’t find a home on Facebook’s main
0 Comments
Late last year, Morgan Stanley got a tip: Reporters were asking about allegations that a high-profile executive, the former congressman Harold E. Ford Jr., had harassed a female journalist. Morgan Stanley conducted a quick investigation, interviewing the accuser and Mr. Ford, who denied the allegations. According to Morgan Stanley officials briefed on the internal process,
0 Comments
Check out the companies making headlines after the bell Thursday: Advanced Micro Devices shares fell more than 2 percent in the extended session. Just over a week after claiming its chips were at ” near zero” risk for a security flaws impacting Intel chips, the semiconductor company has changed its tune. A Thursday announcement revealed
0 Comments
The problem with bitcoin, “Dean of Valuation” Aswath Damodaran says, is that investors don’t know why they’re paying so much for it. That doesn’t mean it will all end badly for cryptocurrency, as billionaire investor Warren Buffett projected. Buffet made headlines Wednesday for sharing some apocalyptic words about the future of cryptocurrency. “In terms of
0 Comments
Daniel Acker | Bloomberg | Getty Images Attendees talk to a company representative in the Eastman Kodak booth at an International Consumer Electronics Show. What do you get when you cross the feverish world of crypto-currencies and a faded industrial icon desperate for a new lease on life? The answer, provided Tuesday by Eastman Kodak,
0 Comments
Banks are one of those businesses people love to complain about. They compete with cable companies, airlines and drug companies as being some of the most disliked. Only 32 percent of Americans have “a great deal” or “quite a lot of” confidence in banks, according to a recent Gallup poll. The image of banks took
0 Comments
Digital currencies fell broadly on Monday, with ripple and bitcoin leading the charge lower. Ripple traded 11.7 percent lower on the Bitstamp exchange. Coinmarketcap.com showed its price down nearly 27 percent, but it appeared that may be due to the site excluding certain prices from Korean exchanges. Bitcoin was off by 9.2 percent, while litecoin
0 Comments
The Federal Reserve should raise interest rates three times this year given the already strong economy will get a boost from tax cuts, and can tighten more or less aggressively if needed, a key U.S. rate-setter said on Saturday. In an interview, San Francisco Fed President John Williams painted a benign picture of the world’s
0 Comments
Pope Francis advised against making the pursuit of money, a career or success the basis for one’s whole life, urging people in his Epiphany remarks Saturday to also resist “the inclinations toward arrogance, the thirst for power and for riches.” Francis said during a homily at Mass in St. Peter’s Basilica that people “often make
0 Comments