Stocks edge higher as Home Depot beats expectations and investors weigh Trump’s Russia talk [Video]

LIVE: Hackers seize unreleased Disney film, demand 'huge' #bitcoin ransom -  $DIS

  • Here are some of the other stories the Yahoo Finance team is covering for you today.
  • Ford planning big layoffs: Reports

    Ford (F) is grabbing headlines this morning.

  • The stock is slightly higher in early trading following reports that the automaker plans to reduce its workforce in North America and Asia by about 10%.
  • This comes as CEO Mark Fields faces pressure to boost Ford’s profits and sagging stock.
  • Yahoo Finance Tech editor Dan Howley explains why and what advantage Apple does have over Microsoft (MSFT).

Wall Street is eyeing more record highs, with stock futures are tiptoeing higher. Investors don’t seem to worried by reports that President Trump disclosed highly classified information to Russia’s foreign minister about a planned Islamic State operation. Home Depot (HD) earnings beat estimates.
Continue reading “Stocks edge higher as Home Depot beats expectations and investors weigh Trump’s Russia talk [Video]”

Bitcoin falls 10% as China plans to investigate exchanges

Bitcoin falls 5% as China plans to investigate firms

  • Last week, the People’s Bank of China met with three of the country’s largest bitcoin exchanges to talk about market regulations.
  • Bitcoin falls 10% as China plans to investigate exchanges
  • Bitcoin had been steadily rallying through 2016 and appreciated to more than $1,100 on January 5th, near to its record high, but the digital currency subsequently crashed, dropping back to the $900 level.
  • The price of bitcoin fell by around 10 percent after Chinese authorities announced plans to inspect bitcoin enterprises.
  • “The intentions of the Chinese state are clearer and it looks like they’re trying to bring the Chinese bitcoin exchanges to heel – whether they are looking to make an example is to be seen.”

The price of bitcoin fell by around 10 percent after Chinese authorities announced plans to inspect bitcoin exchanges.
Continue reading “Bitcoin falls 10% as China plans to investigate exchanges”