Finance

The bitcoin offshoot, bitcoin cash, soared Friday after indications the alternative digital currency could achieve its goal of speeding up transactions. Bitcoin cash rose 40 percent from Thursday’s close of $460.53 to briefly hit $655 Friday afternoon, according to CoinMarketCap. That’s the highest since bitcoin cash touched $756.93 on Aug. 2, the day after bitcoin
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A former Bank of America technology consultant used his access to the bank’s internal deal tracking system to share more than 50 trading tips with friends, who generated more than $5 million in illegal trading profits, federal prosecutors said. The worker, Daniel Rivas, “serially misappropriated material, non-public information from the bank’s deal tracking system and
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The stock market’s seemingly unstoppable rally is drawing notice from Federal Reserve officials. At their meeting in July, central bank officials discussed whether the rise in equity prices was posing broader financial dangers – and whether the Fed’s accommodative policies were adding to the risk-taking environment. However, they ultimately concluded that the market rise was
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Spencer Platt | Getty Images News | Getty Images Traders work on the floor of the New York Stock Exchange (NYSE) on January 6, 2016 in New York City. Check out which companies are making headlines after the bell: Shares of Agilent Technologies shot up more than 4 percent in extended trading after reporting its
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Check out which companies are making headlines after the bell: Shares of Pandora shot up nearly 4 percent in extended trading after the company announced a new CEO at the closing bell. Roger Lynch, former head of online TV provider Sling, will take over for Pandora’s founder, Tim Westergren, who became CEO of the company
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A UN report from earlier this year alleged that North Korean banks and firms have maintained access to international financial markets through a network of Chinese-based front companies. Coal exports from North Korea have since been stopped under UN sanctions, and the UN Security Council (including China) unanimously agreed further sanctions last Saturday. The most
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The Wall Street Journal first reported news of the agreement Tuesday. “We very much look forward to responding to the growing interest in cryptocurrencies through the creation of bitcoin futures traded on a regulated derivatives exchange,” CBOE Holdings Chairman and CEO Ed Tilly said in a release. CBOE Holdings’ other subsidiaries include the Bats exchanges.
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Check out which companies are making headlines after the bell: Shares of Apple rose 6 percent after easily surpassing fiscal third-quarter earnings expectations. The tech giant reported earnings per share of $1.67 and revenue of $45.41 billion, beating Thomson Reuters consensus expectations of $1.57 per share and revenue of $44.89 billion. It also topped iPhone
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Bitcoin traded slightly lower Tuesday morning as digital currency miners officially completed the process to split the currency in two, according to Bitcoin Magazine. Futures for the new “bitcoin cash,” an alternative version promoted by a minority of developers, briefly jumped 48 percent to $422, before giving back some gains to trade near $375 as
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