NEW YORK (AP) — Wall Street traders sometimes root for year-end “Santa Claus rallies,” but on Friday, hardly a creature was stirring as stocks finished slightly higher on the quietest full day of trading in more than a year. Health care companies brought in most of the gains. Major U.S. ... Read More »
Energy companies and banks are leading stocks higher in afternoon trading on Wall Street. A jump in the price of crude oil sent oil and gas companies higher, while banks benefited from rising bond yields, which will help them make more money from lending by allowing them to raise interest ... Read More »
After the DAO hack in June, Ethereum’s development team decided to resolve the situation with a hard fork, creating two separate networks and cryptocurrencies. This controversial move was widely embraced by those who lost money in the attack, but strongly opposed by those who want to save Ethereum’s original cryptocurency. ... Read More »
Earlier today, Bitfinex announced a security breach requiring them to halt all trading, deposits, and withdrawals on the Hong Kong-based bitcoin exchange. Founded in 2012, Bitfinex has offices in Europe, Hong Kong, and the United States. It has been one of the world’s leading bitcoin exchanges, with deep liquidity in ... Read More »
Bank of America Corp, the No. 2 U.S. bank by assets, reported an 18 percent slide in quarterly profit as concerns about a global economic slowdown and uncertainty about the pace of U.S. interest rate increases dampened bond and stock trading. Net income attributable to common shareholders fell to $2.22 ... Read More »
No 10 has conceded that its plans to relax Sunday trading laws are dead in the water, after David Cameron suffered his biggest Commons defeat since the election at the hands of his own Conservative MPs. The government’s attempt to let larger shops trade for longer than six hours each ... Read More »
