Search For Keyword.

Business

Bitcoin tops $10,000, taking 2017 gains to 940 percent

Virtual currency bitcoin soared to an all-time high above $10,000 on Tuesday on major exchanges and digital currency indexes, including the widely followed Luxembourg-based trading platform BitStamp. Created in 2009, bitcoin uses encryption and a blockchain database that enables the...

Tough OPEC meeting looms amid specter of oil deficit

 OPEC is heading for tougher-than-expected policy talks this week amid concern that its efforts to rebalance the oil market might overshoot by creating a global deficit and spurring a further price rally. “It will not be an easy meeting and we always look at various scenarios,”...

Fed's Kashkari says no reason to 'tap brakes' on U.S. economy

Minneapolis Federal Reserve Bank President Neel Kashkari on Monday signaled he would continue to oppose raising U.S. interest rates until inflation shows signs of rising toward the Fed’s 2-percent goal. “Because inflation is low, I am seeing no reason to tap the brakes on the...

Scandal-hit Uber hits the road to reassure global regulators

Uber executives are traveling the globe to reassure regulators that the company is changing the way it does business, after a massive data breach became the latest controversy to hurt the ride-service firm’s reputation. Uber Technologies Inc is also continuing talks with Japan’s...