The world’s most popular digital currency, Bitcoin, has topped another threshold, reaching $6,031 on Friday. It comes less than a week after the cryptocurrency smashed the $5,000 benchmark.
Gold wins out over cryptocurrencies when assessed on the majority of the key characteristics of money, according to Goldman Sachs Group Inc., which adds that fear and wealth are the core drivers of bullion.
The cryptocurrency has increased in value by more than eight percent. Bitcoin started the year trading at $966 per token and has soared over 750 percent in the last 12 months. It is now worth four times more than an ounce of gold.
It’s probably not a coincidence that on the day bitcoin hit new all time highs above $5,200, and just over a week after the WSJ reported that Goldman is planning a bitcoin trading operation, JPMorgan seems to be changing it tune.
Walmart is all about online, anticipating digital sales next year will rise about 40 percent and that it will add 1,000 U.S. online grocery locations.
The benefits of the legalization of marijuana extend beyond the cannabis industry and the lives of the people who use it. A new study shows that in states where marijuana has been legalized, fast food sales are on the rise.
Streaming media company Netflix (NFLX) announced on Thursday that prices for its most popular service will increase by 10%, affecting 53 million U.S. subscribers.
Bass Pro Shops and Cabela’s (CAB) put the finishing touches on their merger Monday, announcing the completion of a $4.2 billion deal to combine the two outdoor retailers.
President Donald Trump unveiled a new program at the White House on Monday to boost education in science, technology, engineering and math (STEM), with a particular focus on computer science and coding.
The streets around Salt Lake City’s downtown emergency shelter have long been home to hundreds of homeless people. In recent weeks, though, nearly all seem to have vanished following a police operation. Local residents are mystified as to where they’ve gone.
Hewlett Packard Enterprise will soon shrink its workforce about 10 percent by laying off 5,000 employees, sources familiar with the decision said.
In rural Mecosta County, Mich., sits a near-windowless facility with a footprint about the size of Buckingham Palace. It’s just one of Nestlé’s roughly 100 bottled water factories in 34 countries around the world.
The owner of a Metro PCS store says he has learned that 32 Metro PCS stores in South Florida were victimized by looters as Hurricane Irma was bearing down on the area.
What will happen when countries drop the petrodollar system?
The world’s largest online retailer Amazon has reported a sharp fall in quarterly profits as the firm spent lavishly on extending its products and services globally.
Wells Fargo didn’t just steal millions from its customers with crooked overdraft fees, didn’t just create 2,000,000 fraudulent accounts and threaten to blackball employees who tried to stop the frauds; didn’t just defraud broke mortgage borrowers by the bushel-load — they also defrauded 800,000 customers with car loans, forcing 274,000 of them into deliquency and “wrongfully repossessing” (that is, stealing) 25,000 of their cars.
Thousands of borrowers who are behind on at least $5 billion in private loans may see that debt disappear, according to the New York Times.
U.S. economic growth rebounded to a 2.6 percent annual growth rate in the second quarter, the Department of Commerce reported Friday in its report on gross domestic product.
Harley-Davidson, the iconic American motorcycle company, will soon lay-off more than 180 in the manufacturing unit.
The push toward a cashless society is becoming more of a shove. Before today I had never heard of “The Visa Cashless Challenge”, but after reading about it I have to say that I am quite alarmed. Visa is trying to “encourage” businesses to go cashless, and one of the ways that they will be doing this is by “awarding up to $500,000 to 50 eligible US-based small business food service owners who commit to joining the 100% cashless quest”. The food industry is still one of the last bastions where cash is used very heavily, and so it makes sense that Visa would want to target that segment. Of course the more people that use cards to pay for meals, the more money that Visa will make.