Bitcoin faces a pivotal moment as investors are about to receive an entirely new asset called Bitcoin Cash after the blockchain supporting the cryptocurrency is forced to split in two. "The creation of Bitcoin Cash is certainly a pivotal moment for...
Greece successfully sold debt to private investors for the first time in three years on Tuesday, making a significant first step towards financial independence when its third international bailout ends next year. The deal came a month after euro zone...
Policy makers repeated their support for gradual rate hikes ​A few expressed concern about high equity-price valuations A divided Federal Reserve policy committee couldn’t reach an agreement in June on the timing of when to begin shrinking its massive balance...
Virus attacks worst in Russia, Ukraine; spreads to U.S. Petya virus is similar to WannaCry; demands $300 ransom A new cyberattack similar to WannaCry is spreading from Europe to the U.S., hitting port operators in New York and Rotterdam, disrupting government systems...
Soft U.S. inflation data has raised uncertainty among investors about the Federal Reserve’s policy plans for the rest of the year. Fed Chair Janet Yellen and her colleagues have an opportunity this week to clarify the outlook. The Federal Open...
Industry took advantage of second-warmest period on record ​Gains helped by home improvements, boosting employment If you’re building or renovating a home in the U.S. these days, you’ve got plenty of company. Americans’ spending on residential construction projects — from...
Naysayers point to decline that followed steep climb in 2013 Dot-com bubble and tulip craze show past market corrections Bitcoin’s astronomical rally has cryptocurrency bulls feeling vindicated. Not so fast, skeptics say. The digital currency’s more than 100 percent surge in...
ANZ Group Asia research head warns of negative feedback loop Move to particularly hurt airlines, shipping companies The downgrade of China’s debt by Moody’s Investors Service may push Chinese companies to borrow even more money from domestic banks as overseas...
Costs up more than 20% in three states that have posted rates Doubts about mandate raise premiums, health insurers say Health insurers are asking for sharp increases in the cost of their Obamacare plans next year, thanks to instability in...
U.S. auto sales trailed estimates, with Kia Motors Corp. and Ford Motor Co. reporting some of the biggest declines, as heavy incentive spending failed to contain plunging demand for sedan and compact models. Carmakers’ shares fell. Combined deliveries for Kia...
The housing market has held up remarkably well, but rising mortgage rates and a limited inventory of existing homes are likely to test its resiliency over the coming months. Reports this week on new and existing home sales will provide...
House Republicans unveiled on Monday their long-awaited plan to repeal and replace the Affordable Care Act, scrapping the mandate for most Americans to have health insurance in favor of a new system of tax credits to induce people to buy insurance on...
Retail more bullish than institutional money: JPMorgan Chase ​Rise in passive investing may explain end-of-day trading surge You can thank the little guy for Dow 20,000. That’s the takeaway from data tracking money flows into and out of stocks, according...
Foreign ministers present united front on Trump’s overhaul ​U.S. president prefers to make bilateral deals on trade The foreign ministers of Mexico and Canada presented a unified front ahead of potential trade talks with Donald Trump’s administration, stressing the North...
Japan’s portfolio decreased for a fifth consecutive month ​Treasury data show Japan as top U.S. foreign creditor in 2016 China’s holdings of U.S. Treasuries declined by the most on record last year, as the world’s second-largest economy dipped into its...
