Surging bitcoin gets tarnished, dropping 19% in a day

  • The bitcoin market tanked three times between 2011 and 2014, falling more than 50 percent each.
  • The last time prices slipped came earlier this year after the U.S. Securities and Exchange Commission denied a request by twin-brother entrepreneurs Tyler and Cameron Winklevoss to offer a bitcoin exchange-traded fund.
  • Also helping bitcoin’s latest rise was the end of a four-month moratorium on digital money on Chinese exchanges.
  • Talk of a U.S. government crackdown hasn’t helped bitcoin and its other digital brethren, like ripple and manero.
  • Also hurting bitcoin was an outage Monday on the digital currency exchange Coinbase because of high trading volume.

Volatile cryptocurrency has lost almost a third of its value recently, despite increasing acceptance
Continue reading “Surging bitcoin gets tarnished, dropping 19% in a day”

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]”