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Bitcoin Tumbles After $35 Million Trade Triggers Wave of Selling

Bitcoin Tumbles After $35 Million Trade Triggers Wave of Selling

Bitcoin falls by 11% to about $7,000 after a trade on a London-based exchange triggered a cascade of selling by other investors, according to the blog ZeroHedge.

New Wall Street Tragicomedy 'Schwarzman's Billions' Features Blackstone CEO

New Wall Street Tragicomedy 'Schwarzman's Billions' Features Blackstone CEO

The five biggest U.S. private-equity firms have raised almost $350 billion of 'dry powder' from pension funds, foreign governments and other institutional investors that must now be spent on everything from corporate acquisitions to business loans and real estate. The problem is, the assets have gotten too expensive.

ServiceNow Longs Could Raise Sell Stop Protection

ServiceNow Longs Could Raise Sell Stop Protection

Let's check out the charts on NOW.

Facebook Reportedly Developing a Cryptocurrency Payment System

Facebook Reportedly Developing a Cryptocurrency Payment System

The social media giant's effort would likely represent the most mainstream application yet of cryptocurrency.

Trump Economy Keeps Creating Jobs, Jobs, Jobs Along With Debt, Debt, Debt

Trump Economy Keeps Creating Jobs, Jobs, Jobs Along With Debt, Debt, Debt

A report due Friday from the Labor Department is expected to show that U.S. employers added 181,000 jobs in April, though some economists say the growth may have been even stronger. The cost is annual federal budget deficits estimated at more than $1 trillion.

Bullion-Meets-Blockchain Startup Tradewind Hires JPMorgan Executive as CEO

Bullion-Meets-Blockchain Startup Tradewind Hires JPMorgan Executive as CEO

Tradewind, which uses a blockchain-based platform to allow investors to buy gold and keep it at the Royal Canadian Mint, hires a former JPMorgan Chase executive as its new CEO.

At Last, Wells Fargo Shareholders Are Happy With Scandal-Plagued Board

At Last, Wells Fargo Shareholders Are Happy With Scandal-Plagued Board

The scandal-plagued U.S. bank, under strict sanctions from the Federal Reserve, recently lost its second CEO in four years. But shareholders are now happy with the makeup of the board of directors, led by Chair Betsy Duke.

Trump's Economy, Recently Swooning, Now Seems to Be Going Swimmingly

Trump's Economy, Recently Swooning, Now Seems to Be Going Swimmingly

President Donald Trump's administration predicted 3% annual economic growth when he pushed for the $1.5 trillion of tax cuts in late 2017. Despite recent bouts of pessimism and market gloom, the president's economy is holding its own.

Bitcoin Still Taboo at JPMorgan, Goldman as Investors Pump in $14 Billion

Bitcoin Still Taboo at JPMorgan, Goldman as Investors Pump in $14 Billion

Investors aren't waiting for a rebound in bitcoin prices to invest in fast-growing cryptocurrency markets. But guess who's getting left behind: Big Wall Street firms that currently dominate trading in stocks, bonds, foreign exchange and commodities.

Citigroup, Like Goldman Sachs, Tries Internet to Bypass Bank-Branch Wars

Citigroup, Like Goldman Sachs, Tries Internet to Bypass Bank-Branch Wars

Citigroup's network of 689 bank branches in the U.S. and Canada looks paltry compared with JPMorgan Chase's 5,000-plus web and Bank of America's 4,353 locations. So the bank is using its online bank to lure new customers - with juicy yields on savings accounts.