The Business Roundtable said its members forecast that growth this year will clock in at 2.3%, down from last quarter's estimate of 2.6%.Politicsread more
Activists with Black Lives Matter, who met privately with Buttigieg in the weeks after police shot and killed Eric Logan, say the 37-year-old mayor brushed off their concerns...2020 Electionsread more
The unspecified action comes after the U.S. accused Iran of carrying out the weekend attacks on critical Saudi oil installations.Politicsread more
Jerome Powell will "underwhelm everyone and not overwhelm anyone," one economist saysMarket Insiderread more
Some worry the regulators will squander an opportunity to crack down on potentially monopolistic behavior due to their own infighting.Technologyread more
Oil prices retreated after President Donald Trump said he ordered the Treasury Department to "substantially increase" sanctions on Iran.Energy Commoditiesread more
Wall Street economists think the Fed will cut rates by 25 basis points at its September meeting but have differing views about what will happen in the future.Marketsread more
Trump's announcement of his fourth national security advisor comes eight days after the abrupt departure of John Bolton.Politicsread more
Central Park Tower is not just a new building – it's a statement. Topping off at 1,550 feet, with 131 floors, it will be the tallest residential building in the world. It may...Wealthread more
Online shopping giant Amazon is betting that some of its customers would rather use cash.Financeread more
The monthly Architecture Billings Index (ABI) from the American Institute of Architects fell to 47.2 from 50.1 in July. Any score below 50 indicates a decrease in architecture...Real Estateread more
PayPal co-founder Max Levchin believes in blockchain technology, but isn't quite so sure about bitcoin.
"It's a brilliant mathematical idea, fantastic technology, interesting commodity to speculate on," he told CNBC on the red carpet of the Breakthrough Awards on Sunday, December 3. "TBD on whether it's a currency or just a way to make money fast. I invest in things that I have a strong, long-term point of view on and bitcoin I'm still trying to figure out."
Investors are certainly making money right now. The Winklevoss twins, Cameron and Tyler, just became the first bitcoin billionaires. Since the brothers first invested in bitcoin, the cryptocurrency's value has increased over 9,000 percent.
While bitcoin is a specific cryptocurrency, blockchain is the technology that underlies it. There is an increasingly large number of other blockchain-based currencies, including ethereum and litecoin. Generally, benefits of blockchain are that it allows for fast, secure and anonymous financial transfers.
"I think a form of a blockchain technology, bitcoin or otherwise will be essential and will not go away," Levchin said. "Not only that, it will continue advancing and being used in many different industries from financial technology to medicine. But it's not clear to me whether Bitcoin itself is the great long-term investment."