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Bitcoin Futures Are No Bubble Bellwether - Bloomberg Gadfly

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Stephen Gandel is a Bloomberg Gadfly columnist covering equity markets. He was previously a deputy digital editor for Fortune and an economics blogger at Time. He has ...

Blast Shakes Times Square Subway; NYPD Says Suspect in ...

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An explosive detonated near the Times Square subway station Monday morning, sending ambulances racing through Midtown and commuters fleeing. One person was ...

Bitcoin Futures Debut With 26% Rally, Trigger Cboe Trading Halts

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Bitcoin has landed on Wall Street. Futures on the world’s most popular cryptocurrency surged as much as 26 percent in their debut session on Cboe Global Markets Inc.’s exchange, triggering two temporary trading halts designed to calm the…

The Middle Class Might Not Even Notice If the GOP Cuts Their Taxes

A funny thing happened when Congress approved a tax cut for the middle class eight years ago: Most Americans didn’t notice. The 2009 economic-stimulus bill contained a one-year tax break worth $800 for married couples in 95 percent of…

Top Stories in last day

12

College President Salaries Rise 9% and $1 Million Paydays ...

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Rich compensation in academia has long drawn skepticism, or scorn, apparentmost recently in the Republican-drafted tax legislation.

11

It Won't Be So Easy Next Time Congress Must Fund the Government

The clock is ticking again toward a partial U.S. government shutdown, and the end-of-the-year dealmaking is only getting riskier. After passing a two-week spending bill last week, Congress has little time to come up with new funds to keep…

09

Chinese Regulator Cracks Down on Booming Hedge-Fund ...

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China’s securities regulator is cracking down on the fast-growing hedge-fund industry, investigating 10 cases of alleged wrongdoing. Officials are ...

07

Africa’s Richest Woman Prepares New Deals After Losing Oil Post

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Less than a month after being fired as head of Angola’s state-owned oil company, Isabel dos Santos says she is studying new deals. Dos Santos, Africa’s richest woman, said two major Angolan banks she has links to are preparing to sell…

06

Hackers Linked to Russians Target Banks From Moscow to Utah

Group-IB says it discovered previously unknown cell of hackers U.S., Russian banks robbed of up to $10 million, report shows A previously unknown ring of Russian-speaking hackers has stolen as much as $10 million from U.S. and Russian…

Danske Bank's Wealth Management Robot Now Has 11,500 Clients

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In just over half a year, Danske Bank A/S has attracted 11,500 clients to an investment service provided by a robot. Denmark’s biggest financial firm now hopes the project will help it expand its wealth management operations. The robot is…

05

Asia Stocks Mixed in Subdued Trading; Yen Declines ...

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Stocks in Asia were mixed in subdued trading as investors deferred placing bets following the recent run-up to record highs and ahead of a Federal Reserve ...

03

World’s Largest Water Diversion Plan Won’t Quench China’s Thirst

Autumn rains came too late to save the stunted stalks of Shu Xinguo’s corn crop, withered by a dry July growing season. "We rely on the weather for our living," said Shu, weary and resigned, his tanned hands hoisting bundles of his…

Bitcoin Options Would Tame This Beast - Bloomberg Gadfly

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The seminal financial event of this year, the current decade, and possibly our generation is here: Futures trading in bitcoin has begun. But the derivative ...

02

Investors Told to Brace for Steepest Rate Hikes Since 2006

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Wall Street economists are telling investors to brace for the biggest tightening of monetary policy in more than a decade. With the world economy heading into its strongest period since 2011, Citigroup Inc. and JPMorgan Chase & Co. predict…

London Property Market Likely to Continue Price Drop in 2018

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London's property market is in for another rough ride next year, according to Rightmove Plc. Home values in the capital are likely to fall another 2 percent in 2018 after a 1.8 percent decline this year, the real estate website operator…

You Can Trade Bitcoin Futures. But Should You? - Bloomberg

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Trading in bitcoin futures opens today on Cboe Global Markets Inc. Its rival, CME Group Inc., will soon follow suit. It’s a milestone in the acceptance ...

BlackRock Is Buying the Bonds Most at Risk From Added Fed Hikes

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Fed a near-lock to raise rates this week; focus shifts to 2018 To BlackRock Inc.’s Rick Rieder, lost in the discussion about the flattening U.S. yield curve is the fact that shorter-dated Treasuries are the cheapest on a relative basis in…

An Expert's Guide to Navigating the World of Bitcoin

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A Q&A between Julie Verhage and Elaine Ou on crypto-assets and the resources involved in bitcoin mining. by. Elaine Ou. @eiaine More stories by Elaine Ou. and. Julie Verhage. @julieverhage More stories by Julie Verhage. 9. December 10,…

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Bitcoin Spot Price Pares Losses as Futures Trading Starts ...

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The spot price of bitcoin pared losses after futures began trading in Chicago, ushering in a new era for the cryptocurrency. Bitcoin had fallen over the ...

23

Fired Tech Workers Turn to Chatbots for Counseling - Bloomberg

For months Lovkesh Joshi was quietly terrified of losing his job as a manager at a top Indian tech services company. Clients were cutting their budgets ...

Sunday, Dec 10

U.K. Seeks `Canada Plus Plus Plus' EU Trade Deal, Davis Says

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Britain wants a trade deal with the European Union that includes the best parts of the bloc’s agreements with Japan, Canada and South Korea, along with financial services, Brexit Secretary David Davis said, showing optimism a pact can be…

Bitcoin Billionaire Winklevoss Sees Surge of as Much as 20 Fold

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Cameron Winklevoss, thought to be one of the largest holders of bitcoin, thinks the cryptocurrency’s blazing gains this year are just the start. He predicts it will rise as much as 20-fold as investors come to view it as an upgrade to gold…

Mexico Opposition Leader Resigns for 2018 Presidential Bid

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The leader of Mexico’s largest opposition group is stepping down from his post to prepare for a presidential run under a left-right coalition that’s looking to dislodge the ruling party from power. Ricardo Anaya’s resignation as party…

Ex-London Brokers Bet on Marmite in Luxembourg's Brexit ...

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Two former London brokers in Luxembourg have hit on an old-fashioned way to hedge against Brexit. Briton Mark Hollis, 50, and his Irish business partner ...

Saturday, Dec 9

'Track Changes' Shows Manafort Can't Be Trusted, Mueller Argues

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Paul Manafort walks to his vehicle outside the U.S. Courthouse after a bond hearing in Washington, D.C., Nov. 6, 2017. Photographer: Andrew Harrer/Bloomberg. Paul Manafort, the onetime campaign chairman of President Donald Trump, suggested…

China Factory Inflation Eases as Consumer Prices Remain ...

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China’s factory inflation moderated as consumer price gains remained tepid, further reducing a potential source of pressure for policy makers to boost ...

Pharma Lobby Group Sues to Bar California's Drug Price Law

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The U.S. drug industry’s main lobbying group said it filed a lawsuit challenging the constitutionality of a California law meant to make drug prices more ...

Supreme Court Shields Trump Administration on ‘Dreamer ...

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The U.S. Supreme Court temporarily shielded the Trump administration from having to turn over documents connected to the president’s decision to end a ...

Friday, Dec 8

U.S. Job Market Not Looking Very Tight Based on Low-Skill ...

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This rising tide isn’t lifting many boats. Wage growth in the U.S. has failed to pick up this year despite a steady decline in the unemployment rate. The ...

Trump Backs Keeping State Income Tax Break With Cap, Cohn Says

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The White House supports tweaking final tax legislation to appease lawmakers who want to let constituents deduct state income taxes, according to National Economic Council Director Gary Cohn. His comments marked the first time the White…

Brexit Breakthrough Struck as Path Cleared for Tough Trade ...

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The U.K. and the European Union struck a deal to unlock divorce negotiations, opening the way for talks on what businesses are keenest to nail down -- the ...

Stocks Seen Climbing in Asia After U.S. Rally: Markets ...

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Oil gains past $56 a day after falling the most in two months Asian stocks were poised to rise following a broad-based rally in U.S. equities and as a ...

Thursday, Dec 7

House Passes Two-Week Spending Bill to Avoid Shutdown This ...

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The House passed a bill that would keep the government open for two weeks beyond Friday’s shutdown deadline on a vote of 235 to 193. The bill passed ...

Bitcoin Exchanges Are Buckling While the Price Surges Past $16000

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Bitcoin surged past $16,000 for the first time on Thursday, with frenzied demand to trade the cryptocurrency buckling one of the largest exchanges just days before the first U.S. futures contracts begin trading. Bitcoin's rally of more…

GE to Cut 12,000 Jobs in Its Power Business

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General Electric Co. plans to cut 12,000 jobs in its power business as the company’s new leaders look to slash costs and stabilize the beleaguered manufacturer. The reductions, accounting for about 18 percent of GE Power’s workforce,…

Here’s Where the GOP Tax Plan Stands Right Now

House and Senate Republicans are working this week on compromise tax-overhaul legislation in an effort to send it to President Donald Trump by the end of the year. Here are the latest developments, updated throughout the day: Portman Says…

Wednesday, Dec 6

Franken Faces Calls to Quit From Wave of Top Democrats ...

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Seven female U.S. senators called on fellow Democrat Al Franken to resign Wednesday following allegations, and his admission in at least one case, that he ...

Here’s Where the GOP Tax Plan Stands Right Now

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House and Senate lawmakers plan to begin working this week on compromise tax-overhaul legislation -- a key step in their drive to send a package of tax cuts for corporations and individuals to President Donald Trump by the end of the year.…

Los Angeles 405 Freeway Closes in Rush Hour as Fires Spread

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A wildfire burns along a hillside near homes in the Shadow Hills neighborhood of Los Angeles, California, on Dec. 5, 2017. Photographer: Kyle Grillot/AFP/Getty Images. A major commuter artery in Los Angeles closed Wednesday morning and…

House Conservatives Warn About Spending After Backing Tax Cuts

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A faction of conservative Republicans is raising warnings about federal spending, two weeks after backing tax-cut legislation that would raise federal deficits by $1 trillion over the next decade. They warn that compromises struck with…