Target beat second-quarter earnings expectations thanks to an increase in traffic and sales. The retailer boosted its full-year estimates.Retailread more
Corporate debt recently passed the $1 trillion mark in a continuing sign of global financial displacement.Marketsread more
Trump said he has "been thinking about payroll taxes for a long time" — and he cautioned that "whether or not we do something now, it's not being done because of recession."Politicsread more
"Lowe's has lagged for years ... it seems that under the guidance of Marvin, the new CEO, Lowe's is really getting its act together," said Oppenheimer analyst Brian Nagel.Retailread more
President Donald Trump said on Twitter he was postponing a scheduled meeting with Denmark's prime minister because of her lack of interest in discussing a possible sale of...World Politicsread more
After a rush on refinances, homeowners took a breather last week, despite still seeing the lowest interest rates in about three years.Real Estateread more
After Elon Musk touts Tesla solar on Twitter, Walmart sues the electric vehicle and clean energy company over store rooftop panels that ignited.Technologyread more
The bond market has entered a financial twilight zone, and at this point, there doesn't seem to be a smooth way out.Market Insiderread more
Huawei CEO Ren Zhengfei laid out plans to bring more efficiencies to the organization. This included simplifying the reporting structure, cutting down on surplus staff, axing...Technologyread more
Wall Street still has an appetite for Beyond Meat, but two traders have a better way to play the stock.Trading Nationread more
China has used both monetary and fiscal measures to lift economic activity as its trade war with the U.S. looks set to intensify in the coming months.China Economyread more
At the Garage café in Beijing's version of Silicon Valley, investor Chandler Guo is closely monitoring the price of his favorite investment: the bitcoin. The 30-year-old says he owns a thousand of them and has been watching their value shrink all week.
"I hope everyone just calms down," he said. "A lot of overseas traders are looking at China. They see the price falling here so that affects the whole world."
Chinese investors are driving the price of the virtual currency worldwide. Bitcoin is a popular way to invest in the country as people have few investment options and see it as a coveted commodity.
(Read more: Bitcoin price halves as China clampdown escalates)
This week the Chinese government unnerved bitcoin believers by stopping third-party payment systems from dealing in the digital currency. The move effectively makes it impossible for bitcoin exchanges in China to take in new yuan deposits—a key to driving prices higher.
Li Lin is waiting for the authorities' next move. Li is the CEO of Huobi.com, a bitcoin exchange that he founded just six months ago.
He minted souvenir bitcoins out of silver for his clients, believing bitcoins are just as valuable—if not more so—than precious metals. "Bitcoin is a strong competitor to gold," Li says. "It's virtual gold."
Li hopes the recent government clampdown on bitcoin trade is an attempt to cool off the euphoria—not a way to shut down trade altogether. "It's the equivalent of the government taking a credit card reader out of a restaurant," Li explains. "You can still pay, it's just a lot harder." Li say his firm's current trading volume is the equivalent of $50 million a day.
The authorities are wary of anything that could disrupt China's tightly controlled financial system.
(Read more: Bitcoin crashes 20% on China clampdown fears)
Back at the café for start-ups, which doubles as a den for bitcoin traders, Guo and other fans are not ready to give up on the digital money.
Despite recent volatility, Guo prefers the bitcoin because it helps him transfer money worldwide fast—a luxury Chinese have never had before due to the country's currency controls. "It's actually a financial network," Guo explains. "If you are in the U.S. and I'm in China, if I ask you to send me two bitcoins, you can transfer it right away. Two seconds. Done."
(Read more: Bitcoin: The world's best boost to a brand?)
He plans to keep buying bitcoins.
Li wouldn't be surprised. "Bitcoin is more trustworthy because its credit is based in science, not in an individual or a state," Li said.
—By CNBC's Eunice Yoon. Follow her on Twitter .