Exactly four weeks since bitcoin split into bitcoin and bitcoin cash, the original digital currency hit a record high Tuesday while the offshoot fell to its lowest in more than a week. Bitcoin rose more than 6.5 percent, to a record high of $4,703.42, up nearly 70 percent for the month, according to CoinDesk. Bitcoin […]
Read moreMaterials stocks have lagged the broader market this year, but one Wall Street firm thinks there are reasons for the sector to outperform. Jefferies’ research analysts upgraded the sector to overweight from underweight and shared top stock ideas in two notes to clients Monday. They rest their outperform rating on high commodity prices, a weaker […]
Read moreUnless something dramatic happens, the Federal Reserve won’t be hiking interest rates again until well into 2018, according to current market predictions. Fed funds futures — contracts that indicate where the market thinks the central bank’s benchmark rate will be — point to no further moves until at least next June, and possibly a good […]
Read moreStocks turned positive Tuesday in part because investors hope Hurricane Harvey could unite Congress on its budget, closely followed trader Art Cashin told CNBC. “I don’t want to call it a silver lining given the tragedy of what’s going on in Texas but there may be a little bit of bonus in the fact that […]
Read moreLast Tuesday, California state Senator Hannah-Beth Jackson introduced a bill that will amend the California civil code to tackle an on-going pattern of sexist conduct in Silicon Valley — specifically the sexual harassment in the venture capitalist-entrepreneur context. The bill is a direct reaction to a story published in June in which two dozen women […]
Read more
“A LEADER is a dealer in hope,” said Napoleon Bonaparte. For much of this year Uber, the ride-hailing firm, has lacked both leadership and optimism. But on August 27th news leaked that Uber had poached as its new chief executive Dara Khosrowshahi, the boss of Expedia, an online-travel company. Mr Khosrowshahi is seen as both […]
Read more
Apple shares hit an all-time high on Tuesday after research firm IDC released bullish estimates for the widely anticipated new iPhone. IDC said it expects iPhone shipments to increase 9.1 percent in 2018 after the new iPhone 8, 7S and 7S Plus models are released. This would be the biggest iPhone shipment growth since 2015, […]
Read more
Criminals are dropping bitcoin in favor of other digital currencies that are harder for law enforcement to use in tracking activities in an anonymous corner of the internet known as the dark web, analysts said. Although hard numbers on criminal activity in digital currencies are difficult to pin down, Shone Anstey, co-founder and president of […]
Read moreFor the last 12 years, YouTube’s logo has been a pair of anachronisms wrapped inside each other. “We have the word tube in a tube,” says Christopher Bettig, the head of YouTube’s art department. “This is weird. No one know what this is.” Tube is slang for a television set, which used to be powered […]
Read moreFinish Line has trimmed its profit outlook for the full year amid disappointing sales volume, sending its stock plunging more than 28 percent Tuesday morning. Just earlier this month, the CEO of rival Dick’s Sporting Goods said that his sector of retail was in “panic mode.” The remarks immediately sent shock waves across the broader […]
Read more