These are the stocks posting the largest moves before the bell.Market Insiderread more
Target beats second-quarter earnings expectations thanks to an increase in traffic and sales. The retailer also boosts 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 also tops rival Home Depot on same-store sales growth in the U.S.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
The growing popularity of cocaine cut with fentanyl — known on the street as a speedball — or combinations of methamphetamine and fentanyl — known as a goofball — are driving...Health and Scienceread 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
Bitcoin and other digital currencies won't entirely replace traditional currencies like dollars, venture capitalist Joyce Kim told CNBC on Wednesday.
The SparkChain Capital co-founder said on "Squawk Box" that she does not believe "the tokens will become the money of the future for every single person for every transaction."
Kim, whose firm invests in blockchain and cryptocurrency innovations, said she believes "it's super important for people in various economies to be able to transact in local currencies."
In fact, she predicted the dollar "will eventually run like current cryptocurrencies" because the underlying blockchain technology is "faster, more efficient, cheaper."
"The rails in which upon our currencies run, that is really out of date. That can be upgraded," she added.
Kim, also co-founder of digital currency payments platform Stellar, spoke after the price of bitcoin after a number of other major digital assets fell sharply this week on concern about a crackdown on virtual currencies in South Korea.
Bitcoin, the world's largest cryptocurrency, traded below $10,000 at one stage Wednesday, nearly 50 percent below last month's all-time high. Ethereum and ripple — the second- and third-biggest digital coins, respectively — also moved sharply lower. Though it's worth noting that all three of those have absolutely skyrocketed over the past 12 months.
Despite the confidence of cryptobelievers, there are also big-name naysayers.
For one, J.P. Morgan Chase Chairman and CEO Jamie Dimon has said virtual currencies would never be a major competitor to the dollar. But he's indicated the technology behind them could be used for more efficient transactions. Dimon recently said he regrets calling bitcoin a "fraud" back in September.
Additionally, billionaire investor Warren Buffett told CNBC earlier this month that he believes the recent craze over bitcoin and other cryptocurrencies won't end well. "If I could buy a five-year put on every one of the cryptocurrencies, I'd be glad to do it but I would never short a dime's worth," Buffett said, who was referring to a "put option" versus selling short or betting an asset price will go down.
However, SparkChain's Kim said she doesn't think bitcoin and other cryptocurrencies will disappear.
"They all have their individual use cases, they all have a specific [use]," she said. For example, most people currently use bitcoin "as a savings system" and "an investment tool."