Bitcoin sunk below $10,000 last Tuesday afternoon on Coinbase, after topping the psychologically key level in November. Some other cryptocurrencies followed. Ethereum fell 30 percent, to under $1,000, while Ripple decreased below $1. Almost every major digital currency experienced substantial losses throughout the day. Late Tuesday night, Ethereum sold a little...
The cryptocurrency market has lost $340 billion of value since the start of January, with a severe sell-off on Tuesday and Wednesday. Analysts are variously blaming: concerns about regulation, light trading volumes in Asia, bitcoin futures, and an unsustainable price run-up. Expect the volatility to continue this year,...
The housing picture is likely to improve in 2018: Home prices are expected to climb, but not as fast More houses could be for sale toward the end of the year, giving home buyers a greater selection to choose from Homeowners will have more equity to borrow from Yet in...
Kering's decision is all about improving its valuation. Investors are taking it like a fashion faux-pas. Rather than find a buyer willing to pay a premium for its stake, French luxury group Kering plans to distribute 70 percent of its holding in Puma SE to its own shareholders. That sent the...
Facebook Inc (FB.O) said on Wednesday it would conduct a new, comprehensive search of its records for possible propaganda that Russian operatives may have spread during the run-up to Britain’s 2016 referendum on EU membership. “We would like to carry out this work promptly and estimate it will take a...
A gauge of world stock markets slipped on Thursday, pausing after notching a run of record highs, as a decline in Boeing and interest-rate sensitive sectors such as utilities and real estate weighed on U.S. equities. Shares on Wall Street took a breather after the strongest performance of the year...
After 22 consecutive quarters of year-over-year drops, IBM sales expected to gain Software and cloud growth are expected to be key in turning around years of revenue declines at International Business Machines Corp. when Big Blue reports earnings Thursday. IBM is scheduled to report fourth-quarter results after the closing bell on Thursday,...
U.S. President Donald Trump said on Wednesday he would announce a decision soon on whether to slap tariffs on imported solar panels, and quipped that when countries dump subsidized panels in the United States, “Everybody goes out of business.” The solar industry is anxiously awaiting the decision, which will have...
General Motors Co’s China unit will sell a “substantial portion” of the automaker’s future electric vehicles, GM China President Matt Tsien said on Wednesday. In a briefing at GM headquarters, Tsien said, “China is at the heart of our electrification strategy.” Tsien did not say which GM brands would sell electric...