The price of bitcoin could reach up to $40,000 as it becomes more mainstream and easier to trade, billionaire investor Marc Lasry told CNBC on Wednesday. “As it gets more into the mainstream, and as more markets end up allowing it to trade where it’s freely tradable, to me that’s more of the bet,” Lasry […]
Read moreThere’s a bigger danger lurking in U.S. airports than mediocre meals: public Wi-Fi networks. The convenience of these easy ways to connect online is often masked by the fact that many are unencrypted, insecure or improperly configured, according to a recent study by Coronet, a cybersecurity company. If that’s the case, it is much easier […]
Read moreShares of Amazon ticked higher on Wednesday as Wall Street awaited the final results from Prime Day, the e-commerce giant’s annual sales event. The stock rose 0.1 percent in the premarket after closing at a record high in the previous session. Coresight Research had forecast Prime Day sales to hit at least $3.4 billion. So […]
Read moreA South Korean salvage team has reportedly discovered the wreck of a Russian warship that is believed to still contain 200 tons of gold bullion and coins worth 150 trillion won ($130 billion). The Russian Imperial Navy cruiser Dmitrii Donskoi, which was sunk in a naval battle 113 years ago, was discovered at a depth […]
Read moreInvestors appear to be warming up to an overlooked area of the fixed income market. Wells Fargo Securities’ George Bory sees a bullish trend in corporate bond demand. “With bond yields being somewhat more stable, we’re actually starting to see an uptick in interest in our asset class. So, there is a little bit of […]
Read moreCheck out the companies making headlines before the bell: Morgan Stanley – Morgan Stanley reported second quarter profit of $1.30 per share, beating the consensus estimate of $1.11 a share. Revenue beat forecasts, as Morgan Stanley reported strong investment banking and wealth-management results. Morgan Stanley also raised its quarterly dividend to 30 cents per share […]
Read moreMacquarie Research lowered its rating on shares of Twitter to “neutral” from “buy” on Wednesday, saying the best is behind the stock after moving nearly 50 percent move higher since the firm upgraded the stock in April. “After [the] recent rise in the stock, valuation will likely limit upside from current levels,” the firm said […]
Read moreEuropean Union regulators have slapped Alphabet-owned Google with a 4.34 billion euro ($5 billion) antitrust fine for abusing the dominance of its Android mobile operating system, which is by far the most popular smartphone OS in the world. The European Commission, the EU’s executive body, ordered the company to put an end to illegal conduct […]
Read moreHome prices are high, listings are lean and potential buyers are frustrated. There is plenty of demand, but it is not translating into home sales. Mortgage applications dropped 2.5 percent last week, seasonally adjusted, according to the Mortgage Bankers Association. The weakness was driven entirely by a lack of buyers. Total volume was 12 percent […]
Read moreA decade after the 2008 recession, the policymakers who countered it on its front lines are worried that the U.S. may not be adequately armed for the next economic crisis. Speaking at a roundtable discussion on Tuesday, former Federal Reserve Chairman Ben Bernanke and former Treasury Secretaries Timothy Geithner and Henry Paulson recounted the lessons […]
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