Finance

Payments processors Worldpay and Visa said Friday they are reversing duplicate transactions that recently caused unauthorized withdrawals for some users of cryptocurrency exchange Coinbase. “Worldpay and Coinbase have been working with Visa and Visa issuing banks to ensure that duplicate transactions have been reversed and appropriate credits have been posted to cardholder accounts,” the two
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The U.S. Securities and Exchange Commission said Friday it has temporarily suspended trading in three very tiny stocks due to questions about their cryptocurrency-related announcements. The companies announced in January that they each acquired several thousand trust units in a private equity fund called “NVC Fund” with investments related to blockchain and cryptocurrency. However, those
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Getty Images Special counsel Robert Mueller (2nd L) leaves after a closed meeting with members of the Senate Judiciary Committee June 21, 2017 at the Capitol in Washington, DC. The defendants and their “co-conspirators” used the accounts opened at PayPal and “a federally insured U.S. financial institution” to receive and send money for buying advertisements
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Russian stocks tumbled Friday afternoon after a federal grand jury indicted 13 Russian nationals and three Russian entities for alleged interference in the 2016 presidential election. The VanEck Vectors Russia exchange-traded fund (RSX), which tracks a host of publicly-traded Russian companies, fell 1.6 percent following news of the indictments. The fund is largely comprised of
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South Korea appeared to soften its attitude toward cryptocurrencies this week, with one report suggesting that the government is looking at the possibility of a cryptocurrency exchange licensing system. The licensing system could be similar to that of New York’s “BitLicense” system, which provides firms handling virtual currencies a license to operate, according to the
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Check out the companies making headlines after the bell Tuesday: Shares of Baidu climbed 5 percent in the extended session. The popular Chinese search engine beat analyst estimates on top and bottom lines. The company has been underperforming due to strong competition from other Chinese internet-based companies like Alibaba. It is now searching for new
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Egypt’s economy has been in crisis since the years following the Arab Spring, as domestic turmoil, terrorist attacks and an exploding population have hit valuable sectors like tourism and hurt the public sector’s ability to provide jobs and traditional benefits. In 2016, the IMF agreed to a three-year, $12 billion bailout program to support the
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One of the final fines for banks involved in the financial crisis looks to be nearing resolution. High-level talks involving the U.K. Treasury and U.S. Justice Department earlier this week aimed to resolve a penalty for Royal Bank of Scotland, amid questions about the way it sold bonds called residential mortgage-backed securities, according to a
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Retail brokerage Fidelity said Friday it has temporarily blocked customers from buying some volatility-related products that caught hedge funds and individual investors on the wrong foot this week. Fidelity halted buy orders for three exchange-traded products linked to a popular trade on market volatility “to protect customers from outsized risk during the current market environment,”
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The Dow suffered its worst daily point drop on record Monday, and briefly fell nearly 1,600 points intraday. The index recovered about half of Monday’s losses in a volatile Tuesday session, but has closed lower in each of the two days since. On Friday, the Dow jumped 349 points in morning trading, fell 500 points
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The “Fast Money” traders shared their first moves for the market open. Tim Seymour is a buyer of the iShares MSCI Emerging Markets ETF. Karen Finerman is a buyer of Apple. Dan Nathan is a buyer of Square. Guy Adami is a buyer of Allstate. Trader disclosure: On February 8, 2018, the following stocks and
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