Goldman Sachs, an American multinational bank, has acknowledged cryptocurrencies for the first time in its annual shareholder letter. While skeptical of crypto, the firm has raised its Bitcoin investment by 15%.
China's securities watchdog will step up monitoring fake information in the stock market and work with the police and cyberspace regulators to crack down on those who disseminate false news, which is being made easier by AI, official media reported on Saturday. Regulators will "hit early, hit hard, and hit at the heart" of the issue, the Securities Times said. Artificial intelligence has become a new tool for creating and spreading misleading information to con investors or manipulate stocks, luring investors with the prospect of getting rich quickly, the Shanghai Securities News said in a separate article.
Flagging global sales and Elon Musk’s increasingly outspoken political activities are combining to rock the value of Tesla.
If you’re searching for today’s best money market account rates, we’ve narrowed down some of the top offers. Learn more about money market account rates today.
In Austin, Texas, Gemini set a Guinness World Record for the largest Bitcoin symbol ever created with drones.
On the surface, the newly announced Strategic Bitcoin Reserve sounds like the perfect catalyst for sending Bitcoin (CRYPTO: BTC) higher for years to come. In fact, in the days following the official announcement of the Strategic Bitcoin Reserve, the price of Bitcoin actually fell. The first thing that you need to know is that many crypto market participants found the official announcement of the Strategic Bitcoin Reserve underwhelming at best.
Longtime Tesla investor Ross Gerber recently told BI he sees no path for a rebound in the stock. Here are the other areas of the market he's been playing in.
Stocks surged on Friday after Senate Minority Leader Chuck Schumer said he'll support a GOP spending bill, helping the government avoid a shutdown.
There are a handful of scenarios that could get the stock market back on track as it contends with trade war uncertainty and growth worries.
When Federal Reserve officials last met in late January, things looked pretty good: Hiring was solid. As the Fed prepares to meet Tuesday and Wednesday, the central bank and its chair, Jerome Powell, are potentially headed to a much tougher spot. Stagflation, should it emerge, is hard for the Fed because typically policymakers would lift rates — or keep them high — to combat inflation.
