Investors are rushing into the relative safe haven of the bond market, causing the yield on the U.S. 10-year Treasury to plummet.Real Estateread more
Markets in Australia and Japan looked set to open slightly lower as investors worried over trade tensions between the U.S. and China.Asia Marketsread more
Wall Street is becoming convinced that both the White House and Beijing are willing to engage in a protracted trade war that could begin to hit consumers and slow global...Market Insiderread more
Stocks fell sharply on Thursday as investors started to fear the U.S.-China trade war is slowing the economy.Marketsread more
"The last thing I want is to put a date out there for lifting the grounding," said Dan Elwell, acting administrator for the FAA.Transportationread more
The charges allege he published secret documents obtained by former Army intelligence analyst Chelsea Manning, some of which included the disclosure of foreigners who were...Politicsread more
TransferWise, the money transfer start-up, was valued at $3.5 billion after investors bought $292 million of shares in a secondary sale.Technologyread more
See which stocks are posting big moves after the bell on Thursday, May 23.Market Insiderread more
Sentiment is "not negative enough to trigger a huge rally ... unless we get some kind of real breakthrough with China," Jim Cramer says.Mad Money with Jim Cramerread more
Oracle co-founder Larry Ellison disclosed a $1 billion stake in Tesla in late December. It's now worth about $580 million.Technologyread more
Investors rushed into the safety of bonds Thursday and sold stocks, as it appeared the trade war could be prolonged and more painful for the world economy than expected.Market Insiderread more
A pre-sale of Venezuela's new "petro" cryptocurrency will begin on Feb. 20, President Nicolas Maduro said on Tuesday, a move that the government hopes will help pull the country out of a dire economic crisis.
Critics have slammed the initiative as not only illegal but nothing more than a debt issuance by the government amid quadruple-digit inflation and major shortages.
Maduro has previously said Venezuela will issue 100 million tokens, each valued at — and backed by — the equivalent of one barrel of Venezuelan crude.
That would put the value of the entire petro issuance at just over $6 billion.
"All the cryptocurrencies of the world have been revalued after Venezuela's announcements about the creation of the petro," said Maduro in a speech broadcast on state television.
Venezuela is seeking to raise hard currency amid a crippling crisis.
The government has said that the petro issue will help the cash-strapped country make financial transactions and overcome U.S. sanctions against Maduro's socialist government.
However, the United States earlier this month warned investors curious about the petro, saying dealing in it may contravene sanctions because "the petro digital currency would appear to be an extension of credit to the Venezuelan government."
The country's opposition said it is illegal to use oil reserves - of which Venezuela has the largest in the world - to issue debt.
A document by advisers reviewed by Reuters two weeks ago recommended the government sell $2.3 billion in a private offering, with up to 60 percent discount, in mid-February.
The price of one bitcoin, a bellwether for the cryptocurrency market, has fallen significantly in the last month.
Raising concerns about the security of virtual currencies, hackers made off with more than half a billion dollars from a Tokyo-based exchange late last week.