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Bitcoin’s Wild Ride Shows The Truth: It Is Probably Worth Zero

Bitcoin’s Wild Ride Shows The Truth: It Is Probably Worth Zero

Behind every bubble is a good idea bursting to get out, and Bitcoin kind of looks like a good idea, at least if you squint a bit.

Published 8 months ago

Mike Flynn’s Family Launches Legal-Defense Fund

Mike Flynn’s Family Launches Legal-Defense Fund

The family of former national security adviser Mike Flynn launched a legal-defense fund to help defray the former official’s costs associated with the investigation into Russian meddling during the 2016 U.S. presidential election.

Published 8 months ago

The Key Question at the U.N.: What Does North Korea Want?

The Key Question at the U.N.: What Does North Korea Want?

As President Trump and other world leaders gather at the United Nations this week, a lot of important questions hang in the air, but none more important than this one: What does North Korea want?

Published 8 months ago

Northrop Grumman Looks To Get Foothold in Military Space Race

Northrop Grumman Looks To Get Foothold in Military Space Race

Northrop Grumman plans to acquire Orbital ATK for around $7.8 billion in a bid to position itself for the new military battleground: space

Published 8 months ago

The Fed, a Decade After the Crisis, Is About to Embark on the Great Unwinding

The Fed, a Decade After the Crisis, Is About to Embark on the Great Unwinding

After a historic buildup of its bond portfolio to support the collapsing U.S. economy following the financial crisis, the central bank plans to shrink its holdings. Financial markets are taking this prospect in stride so far, but this is uncharted territory.

Published 8 months ago

Hurricane Maria Roars Toward Caribbean’s Outlying Eastern Islands

Hurricane Maria Roars Toward Caribbean’s Outlying Eastern Islands

Hurricane Maria, a Category 3 storm that is rapidly gaining strength, barreled toward the Caribbean’s outlying eastern islands early Monday with Puerto Rico in its sights.

Published 8 months ago

Cisco Chairman John Chambers to Step Down, Ending an Era at Tech Company

Cisco Chairman John Chambers to Step Down, Ending an Era at Tech Company

Cisco Systems Executive Chairman John Chambers, who oversaw the company for more than 20 years, won’t stand for re-election later this year, the technology giant said.

Published 8 months ago

Iran Accuses U.S. of Sabotaging Nuclear Deal Ahead of U.N. Talks

Iran Accuses U.S. of Sabotaging Nuclear Deal Ahead of U.N. Talks

Iranian Vice President Ali Akbar Salehi accused the U.S. of violating the spirit and letter of the 2015 nuclear deal, escalating a clash between the two countries at the start of a crucial week of talks on the accord’s future.

Published 8 months ago

Northrop Grumman to Buy Orbital ATK for $7.8 Billion

Northrop Grumman to Buy Orbital ATK for $7.8 Billion

Northrop Grumman said it agreed to buy Orbital ATK for $7.8 billion, as acquisition activity in the aerospace industry ramps up.

Published 8 months ago

New Way to Track Auto Innovation: Patent Filings

New Way to Track Auto Innovation: Patent Filings

Car makers feeling heat from Silicon Valley on autonomous-car technology have sharply boosted their U.S. patent filings. Among their innovations: removable steering wheels and a drone to locate robot-taxi passengers.

Published 8 months ago

China Widens Bitcoin Crackdown Beyond Commercial Trading

China Widens Bitcoin Crackdown Beyond Commercial Trading

Chinese authorities are moving toward a broad clampdown on bitcoin trading, testing the resilience of the virtual currency as well as the idea its decentralized nature protects it from government interference.

Published 8 months ago

Private School in NYC Crosses the $50,000-a-Year Mark

Private School in NYC Crosses the $50,000-a-Year Mark

Five years ago, parents gulped when the price for attending some private schools in New York City hit $40,000 a year. Now, a few have crossed the $50,000 threshold, sparking concerns about economic diversity.

Published 8 months ago

U.S. to Host Summit on U.N. Overhauls Ahead of General Assembly

U.S. to Host Summit on U.N. Overhauls Ahead of General Assembly

President Donald Trump’s debut at the United Nations’ annual gathering of world leaders was set to kick off with a U.S.-hosted event on overhauls at the world body.

Published 8 months ago

As ISIS Falters, U.S. Allies and Syrian Regime Maneuver for Advantage

As ISIS Falters, U.S. Allies and Syrian Regime Maneuver for Advantage

In the last Syrian province largely under Islamic State control, U.S.-backed forces are on a collision course with the Syrian and Russian militaries as both sides scramble to strengthen their hands ahead of post-war negotiations.

Published 8 months ago

Sorry, You Are Probably Not Getting a Raise Next Year

Sorry, You Are Probably Not Getting a Raise Next Year

Businesses plan to keep budgets for raises relatively flat in 2018, while devoting more dollars to performance-based pay, a new survey says.

Published 8 months ago