Huawei adds a bitcoin wallet to its app store even as China cracks down on trading
Huawei has released a bitcoin wallet on its app store for the first time, allowing Chinese consumers to hold virtual currencies even as Beijing steps up regulation on the nascent industry. The Shenzhen-based Chinese smartphone maker has teamed up with...
The Fed is raising rates due to a ‘fear of what might be in the pipeline,’ economist warns
A fear of runaway price rises rather than current economic data is driving the Federal Reserve’s commitment to raise rates in the United States, according to one economist. U.S. core inflation crept 0.2 percent higher in April, according to fresh...
Barclays CEO fined $870,000 for trying to identify whistleblower
British regulators have fined Barclays Chief Executive Jes Staley 642,430 pounds ($870,428) for breaching conduct rules by attempting to identify who sent letters criticizing an employee of the bank, they said on Friday. The fine from the Financial Conduct Authority...
Bitcoin could soar after Blockchain Week New York: crypto analyst
Blockchain Week New York is about to hit Manhattan and bitcoin may have its biggest breakout yet, according to a leading analyst. “The regulatory risk, the fundamental risk around what’s happening with cryptos has hit a bottom and now we’re...
Cryptocurrencies create ‘chaos’ for payments, says economist who predicted the financial crisis
Photos: Economist Nouriel Roubini, best known for predicting the financial crisis, piled on his recent criticism of cryptocurrencies Thursday, saying they create “chaos” and confusion in the payments world. “It’s totally inefficient. It’s never going to work,” Roubini said Thursday...
After-hours buzz: DBX, NVDA, SYMC & more
Check out the companies making headlines after the bell: Shares of Dropbox slumped more than 1 percent in the extended session after the company released its first earnings report since going public in March. The cloud storage service’s revenue and...
JP Morgan revamps its stock trading business in a sign of the changes sweeping through Wall Street
J.P. Morgan Chase, the world’s biggest investment bank by revenue, has created a new management team to help it better serve Wall Street clients who increasingly want to trade with algorithms through electronic platforms. The bank named Chris Berthe as...
Apple reportedly plans to offer new credit card with Goldman Sachs
Apple and Goldman Sachs are planning a new credit card to be introduced as early as next year, The Wall Street Journal reported, citing people with knowledge of the process. The move comes as investment bank Goldman continues to make...
Bitcoin could soar as high as $64,000 next year, investment research firm Fundstrat predicts
The growth of bitcoin “mining” activity could send the cryptocurrency’s price as high as $64,000, investment research firm Fundstrat said Thursday. Bitcoin is created through an energy-intensive process known as mining, in which computers receive the cryptocurrency as reward for...
The robots are coming! The robots are coming! … to the bond market
Abbie has enjoyed a brilliant start to her new job as a junior fund manager at AllianceBernstein, a $500bn investment group in New York. In her first three months she has handled thousands of bond trades worth nearly $19bn, never...
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