Some traders who lost money in this week’s ethereum “flash crash” are going to be credited for their losses, the GDAX cryptocurrency exchange announced on Friday. The price of ethereum, the alternative digital currency to bitcoin, crashed as low as 10 cents from around $319 in about a second in trading on the GDAX on […]
Read moreCurrency, United States Finance
Mark Zuckerberg's snub of White House could backfire as Europe goes after US Internet giants
Mark Zuckerberg had a choice to make this week. The Facebook CEO could either go to Washington to meet with President Donald Trump, along with nearly every other marquee CEO from the tech industry, or skip it and prepare for a Chicago rally for people who’d created social-support groups on Facebook. Zuckerberg, who loudly criticized […]
Read moreYou’ve seen all the headlines about bitcoin and other cryptocurrencies rising in value. Maybe you want to get in on the game. But how do you even start? We’ll show you. Before you do this, though, you should note that bitcoin isn’t universally accepted like regular currency. My colleague Seema Mody published a great video […]
Read moreFormer French minister Richard Ferrand, who has been fighting accusations of improper financial dealings during most of his few weeks in office, was elected on Saturday to lead President Emmanuel Macron’s lawmakers in parliament “I thank the deputies for their confidence… We have a strong obligation to succeed. The French people no longer want intentions, […]
Read moreFrance welcomed a strategic cooperation deal with Belgium under which Belgium will buy 60 armored Jaguar vehicles and 417 Griffon multi-role armored vehicles worth 1.1 billion euros ($1.23 billion). French Army Minister Florence Parly said in a statement on Friday evening the decision reflected “the great strategic and operational proximity of our two countries.” Parly […]
Read moreIt’s that time again! Jim Cramer rang the lightning round bell, which means he gave his take on caller favorite stocks at rapid speed: Applied Optoelectronics: “Boy, you’re swinging for the fences with the optical plays, including that one. You know what? I’m going to send you back to the drawing board with Broadcom. People […]
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With the market trying to parse conflicting economic indicators, like strong employment but weak housing, auto, retail and oil sectors, Jim Cramer is looking for resolution. “I don’t even know if there is a market to care about now. There are just incredibly pronounced sectors and remarkably vicious rotations into and out of them,” the […]
Read morePayPal’s Venmo has been testing its own version of a physical debit card that would allow people who use its app to make purchases in brick-and-mortar stores using money stored in their Venmo account, according to multiple sources. The Venmo feeds of some employees seem to confirm public testing of these cards, showing Venmo purchases […]
Read moreTakata’s board is convening to review bankruptcy plans over the weekend, The Wall Street Journal reported, citing sources. The company is planning bankruptcy filings in both the U.S. and Japan, and has tentative plans to sell operations to rival firm Key Safety Systems for $1.6 billion, sources told the Journal. Sumitomo Mitsui Banking is reportedly […]
Read moreInvestors should buy D.R. Horton shares because its entry-level housing business will thrive in the coming years, according to Credit Suisse, which initiated coverage on the home-builder with an outperform rating. “DR Horton is among the best positioned builders within our coverage. Over the past five years, it has effectively leveraged its operating acumen within […]
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