July 16, 2019

Bitcoin tumbles as U.S. senators grill Facebook on crypto plans

The cryptocurrency market took a beating on Tuesday with bitcoin losing over 10% in value after U.S. lawmakers grilled Facebook on its cryptocurrency plans, as political […]
July 16, 2019

Facebook should not be trusted with ‘crazy’ cryptocurrency plan: senators

Democratic and Republican lawmakers said on Tuesday that Facebook Inc’s track record of what they described as untrustworthiness should stand in the way of it launching […]
July 16, 2019

U.S. SEC chief says he has not met with Facebook since Libra announcement

A top U.S. financial market regulator said on Tuesday he has not discussed with Facebook its Libra currency proposal, nearly a month after the social media […]
July 16, 2019

United Airlines quarterly profit beats on strong travel demand, higher fares

United Airlines Holdings Inc on Tuesday reported a greater-than-expected increase in second-quarter profit, driven by strong air travel demand and the ability to charge more for […]
July 16, 2019

Wall Street slips as bank earnings, Trump trade comments weigh

U.S. stocks edged lower on Tuesday as quarterly results from banks added to concerns about lower interest rates dampening their profits, while comments from U.S. President […]
July 16, 2019

Oil falls as Iran tensions seen easing

Oil prices turned lower on Tuesday, falling more than 3% after U.S. President Donald Trump said progress has been made with Iran, signaling tensions could ease […]
July 16, 2019

U.S. retail sales data dents stocks, lifts Treasury yields

A gauge of global equities lost ground on Tuesday and U.S. Treasury yields moved higher as a stronger-than-anticipated report on retail sales raised the possibility the […]
July 16, 2019

SEC reaches $60 million settlements involving ex-American Realty executives

Two former executives at American Realty Capital Properties Inc, including the onetime billionaire who built it, have reached more than $60 million in settlements with the […]
July 16, 2019

Wall Street muted after mixed bank earnings

U.S. stock indexes treaded water on Tuesday as Wall Street’s big banks swung between gains and losses after their quarterly results drew mixed reactions from investors. […]
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