Egypt‘s first bitcoin exchange will go live later this month, the founders of Bitcoin Egypt said, linking the Middle East‘s most populous country with a cryptocurrency that has surged in value in recent months. Many governments around the world are still mulling how to regulate and classify bitcoin, a volatile digital currency that has captured […]
Read moreCheck out which companies are making headlines after the bell: Shares of Ross Stores skyrocketed more than 10 percent in extended trading Thursday after the clothing outlet beat expectations on its second-quarter earnings. The company reported bottom-line profits of 82 cents per share on revenue of $3.43 billion. Gap stock soared more than 10 percent […]
Read moreSome strategists foresee further downside for the U.S. dollar’s relative value as questions swirl around the likelihood of the Trump administration passing any tax reform-related legislation. “The disillusion of parts of Donald Trump’s administration is causing big headaches; it’s really affected the stock market, but also the U.S. dollar,” said Kathy Lien, managing director of […]
Read moreThe rumor that President Donald Trump‘s chief economic advisor, Gary Cohn, would leave the administration, widely circulated before being denied by the White House, is not the only reason why stocks dropped as much as they did Thursday, Wall Street veteran Art Cashin told CNBC. A cloud over the Trump administration’s image and ability to […]
Read moreAre the markets in trouble? Not yet, but there’s some cracks. We’ve seen something in the last two weeks we haven’t seen in some time: a succession of selloffs. Last week, we saw a familiar phenomenon: a brief 1 percent dip in the market that turned around within a couple days. But on Thursday we […]
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Bitcoin is getting closer to looking like a traditional financial product. Japanese financial information firm Fisco announced Monday it is experimenting with the country’s first bitcoin-backed bond. The news follows other announcements in the last several weeks for bitcoin options, futures and an exchange-traded fund tracking bitcoin derivatives in the U.S. “I think it’s a […]
Read moreAlphabet’s Google has expanded its YouTube TV streaming service into 14 new U.S.markets to reach half of American households, with an additional 17 markets to launch in the next few weeks, the company said on Thursday. YouTube is broadening access to live TV streaming as younger viewers increasingly watch shows online and traditional broadcast networks […]
Read moreFacebook is testing a feature in the Facebook News Feed that provides customized links to news on topics of interest to individual users, as the company continues to search for ways to increase the amount of time that people spend using the world’s largest social media network. The offering, called “Featured Topic,” is being tested […]
Read moreTwo lawyers appointed to senior jobs at the U.S. Securities and Exchange Commission have ties to major companies including financial firms Goldman Sachs and Wells Fargo that could complicate efforts to regulate them, according to government documents viewed by Reuters. Steven Peikin, the new co-head of enforcement at the SEC, held as much as $9 […]
Read moreApple and Aetna conducted a series of meetings late last week to discuss the next step in their partnership, as reported by CNBC. The primary topic of discussion was Apple’s health-tracking smartwatch — Apple Watch — and whether it could be used to improve health outcomes. Currently, Aetna is gathering feedback from its own employees, […]
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