Most major digital currencies suffered massive drops over the last 24 hours, but one token actually appeared to have posted gains. It’s called tether, and the digital asset aims to link the cryptocurrency environment to the fiat world by tying each token to government-backed currency. Of the top 50 digital […]
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‘Black swan’ event could threaten China’s stability, regulator warns
China’s banking regulator chief warned that a “black swan”, or an unforeseen event could threaten the country’s financial stability, official People’s Daily reported on Wednesday. In an interview with the paper, Guo Shuqing said that while risks in the financial system are manageable, they are still “complex and serious.” Since […]
US Senate advances bill to renew NSA’s internet surveillance program
The U.S. Senate on Tuesday advanced a bill to renew the National Security Agency’s warrantless internet surveillance program, as a final push by privacy advocates to derail the measure came up short. The legislation just cleared the procedural 60-vote threshold required to limit debate in the Senate and was expected […]
Bitcoin and ethereum suffered massive drops, but many cryptocurrencies are faring even worse
Most major digital currencies sold off sharply on Tuesday, but the declines in bitcoin, ethereum and litecoin prices weren’t as bad as much of the rest of the market. All of the top 20 digital currencies — by market value — suffered double digit losses over the last 24 hours, […]
Asian stocks decline following Wall Street reversal; bitcoin stumbles
Asian markets traded in negative territory early on Wednesday after Wall Street closed lower in the previous session. Japan’s Nikkei 225 declined 0.85 percent after touching a 26-year high in the last session. Most exporter stocks traded lower in the morning as the dollar resumed its decline against the yen. […]
Dramatic stock market reversal signals more volatility ahead
After a mostly one-way trade higher for weeks, Tuesdays’ dramatic stock market reversal signals the potential for more choppy trading ahead. The Dow rocketed 283 points Tuesday, before erasing those gains and heading down 100 points. It later recovered and closed just 10 points lower at 25,792 after its most […]
Mueller’s subpoena could give Bannon some cover in Trump probe, legal experts say
Former White House chief strategist and Trump campaign chief Steve Bannon has reportedly been ordered to testify as part of special counsel Robert Mueller‘s investigation — the first instance of a close Trump staffer or confidante being bound by a grand jury subpoena. The court order, which arrived last week, […]
YouTube is trying to clean itself up by making it much harder for small video makers to make money
YouTube is going to make it harder for small video makers to make money. The world’s largest video site will kick thousands of people out of its ad revenue-sharing program, and will make it much harder for new ones to get into the program. The change, which goes into effect […]
Cramer’s 5 cardinal rules of engagement with the bull market
Even after Tuesday’s massive stock market reversal — the biggest in roughly 10 months — CNBC’s Jim Cramer maintained that he liked the market. But the “Mad Money” host acknowledged that there are “rules of engagement for dealing with a bull market that’s in beast mode,” so he wanted to […]
See how your mental fitness compares to Donald Trump’s
President Donald Trump‘s mental fitness for office is not up for debate, according to the president’s personal physician, Dr. Ronny Jackson. That’s because Trump scored a perfect 30/30 on a test called the Montreal Cognitive Assessment, Jackson told the White House press corps on Tuesday. Developed in 1996, the MoCA […]