Finance
Finance
Bitcoin fights back, but struggles to stay above $4,000
Bitcoin and other notable cryptocurrencies rose in value on Monday after a brutal week for the nascent market. The world’s best-known and most-valuable...
Treasury yields rise as calmer markets nudge investors away from safe havens
Treasury yields rose Monday as calmer equity markets encouraged a shift away from the relative safety of U.S. government debt. The yield on...
Bitcoin extends losses, slides under $3500 to lowest since September 2017
Bitcoin had a rough weekend. Coming off a week of heavy losses, bitcoin fell as much as 10 percent and set a fresh...
Hacker lifts $1 million in cryptocurrency using San Francisco man’s phone number, prosecutors say
Losing cellphone service is inconvenient. But in some cases, it also might mean you’re getting hacked. San Francisco resident Robert Ross, a father...
Hedge funds are in a ‘vicious downward cycle’ as their favorite stocks badly trail market
A collection of hedge funds’ favorite stock picks — including Facebook, Alibaba and Amazon — are underperforming the broader equity market badly in...
Hedge funds suffer worst month in nearly three years in October and are now down for the year
October saw hedge funds notch their worst collective monthly performance since January 2016, according to Preqin a research firm on the industry. Hedge...
Abu Dhabi wealth fund sues Goldman Sachs over 1MDB scandal
An Abu Dhabi sovereign wealth fund is suing Goldman Sachs over an alleged conspiracy involving Malaysia’s 1MDB fund. International Petroleum Investment Company (IPIC)...
Chinese consumers aren’t spending as much. Many are worried about the future
China’s massive consumer base is feeling a chill that could have ripple effects throughout an economy that’s already under pressure. While analysts say...
Bitcoin plunges 16% to $4,200, a new low for the year
Bitcoin is still struggling to find a bottom this week. The digital currency dropped 16 percent on Tuesday to its lowest level since...
Stocks making the biggest move premarket: TGT, BBY, KSS, LOW, MDT & more
Check out the companies making headlines before the bell: Target – The retailer earned an adjusted $1.09 per share for the third quarter,...
Goldman slashes Apple price forecast, sees stock going nowhere for a year
Weaker demand for Apple products as well as a lackluster reception for the iPhone XR outside of the United States will prevent shares...
Deutsche Bank shares hit a record low as it gets drawn into the Danske scandal
Shares of Deutsche Bank hit fresh record lows Tuesday after the bank confirmed to Reuters it was involved in processing payments worth $150...
Capital One buys tech startup used by millions to price-check while shopping on Amazon
Capital One acquired a four-year old online-shopping startup in its latest effort to offer tech services that engender loyalty to the bank’s credit...
Bitcoin drops 9% to below $5,000
The world’s largest cryptocurrency dropped to its lowest level in more than a year on Monday. Bitcoin hit a low of $4,951.47, bringing...
In bigger crackdown of crypto abuses, SEC goes after unregistered coin offerings
The Securities and Exchange Commission announced its first civil penalties on Friday against crypto founders who failed to register new coin offerings, part...
