The largest U.S. banks are scrutinizing members of the Federal Reserve for any insight into how the central bank will tinker interest rates.Banksread more
The U.S. and China restarted their trade talks, but signs are showing a comprehensive deal could be a long way off, if it happens at all.Marketsread more
U.S. President Donald Trump said Tuesday that Washington and Beijing have a long way to go on trade, adding that America could place tariffs on an additional $325 billion...Asia Marketsread more
Facebook's cryptocurrency project has already been met with skepticism from policymakers around the world.Technologyread more
Stone, 66, a notorious Republican political operative who has described himself as a "dirty trickster," had previously been dressed down by the judge for his public remarks...Politicsread more
Delta is gathering more data from customers than ever in hopes of avoiding customer service problems and increasing customer satisfaction, its CFO says.At Workread more
The Biden team's second-quarter Federal Election Commission filing shows that the campaign wrote a check of just over $5,300 on June 28 to Sheehan Associates for "strategic...2020 Electionsread more
See which stocks are posting big moves after the bell on July 16.Market Insiderread more
While the vote served as a show of solidarity for Democrats, it recommended no substantive penalty against Trump.Politicsread more
United Airlines' second-quarter profit tops estimates but questions about the 737 Max linger.Airlinesread more
Three civil rights groups filed a federal lawsuit on Tuesday challenging the Trump administration's new asylum rule, which bars asylum claims from most noncitizens who travel...Politicsread more
Cryptocurrency exchange and wallet Coinbase blamed Visa for an issue that saw some users experience unauthorized money withdrawals, but the card service said it wasn't at fault.
Coinbase users can link a credit or debit card to Coinbase and buy cryptocurrency immediately. Some users had been noticing that there were duplicate charges when they executed a transaction. In some cases, this drained their bank account to zero and even caused them to be charged overdraft fees.
On Thursday, Coinbase released a statement in a series of tweets in which it said Visa was to blame for the problem.
Coinbase explained that large banks and card issuers had requested that card networks change the merchant category code for the purchase of digital currency. The change of code would allow large banks and card issuers to charge additional fees on transactions to buy cryptocurrencies.
The digital currency service said it is working with major card networks to create a new code for cryptocurrencies.
But Visa said that it has not made any changes that would result in customers seeing duplicate transactions.
"Visa has not made any systems changes that would result in the duplicate transactions cardholders are reporting. We are also not aware of any other merchants who are experiencing this issue," the company said in an emailed statement to CNBC Friday.
"We are reaching out to this merchant's acquiring financial institution to offer assistance and to ensure cardholders are protected from unauthorized transactions."
After a crash in the cryptocurrency market earlier this month, bitcoin and other cryptocurrencies have recovered slightly. Bitcoin jumped above the $10,000 mark for the first time in two weeks on Thursday.