More than 300 companies are talking to government officials in Washington about how detrimental the trade war is.Marketsread more
Powell stresses the central bank's independence in a speech that comes amid continuous pressure from the White House to cut interest rates.The Fedread more
In a text message, Grisham confirmed to CNBC that she will still be working for the first lady even as she takes on her new roles.Politicsread more
Acting Customs and Border Protection Commissioner John Sanders is resigning amid the furor over the Trump administration's treatment of migrant children.Politicsread more
Stocks should rally if the U.S. and China agree to new negotiations and a ceasefire in the trade war, but the economic impact of tariffs will continue.Market Insiderread more
Warren's election reform proposal includes standardized federal election rules, increased federal oversight of elections, and a constitutional amendment guaranteeing voting...Politicsread more
Apple's iOS 13 is coming this fall, but you can already try it on your iPhone with the new public beta. Here are some of the best hidden features.Technologyread more
Investors are piling into gold, sending the precious metal to a six-year high, and analysts think the commodity has established a base to go even higher.Marketsread more
Trump slams Iran on Twitter for issuing a "very ignorant and insulting statement" after the U.S. slapped fresh sanctions on Tehran.Politicsread more
The Conference Board, a business research group, on Tuesday released the June update for its consumer confidence index.Economyread more
Investors plow into the precious metal amid the prospects for lower interest rates, a softer global economy and increased geopolitical tensions.Marketsread more
This could be the year cryptocurrency trading gains momentum within financial firms, including hedge funds and trading desks at Wall Street's biggest banks, according to a new survey.
One in five firms are considering trading digital currency in the next three to 12 months, according to a Thomson Reuters survey published Tuesday. Of those that showed interest, about 70 percent said they were planning to trade in the next three to six months, and 22 percent said they would look to trade crypto in 6 to 12 months.
"Cryptocurrency is still a relatively small part of the trading market, but this survey indicates this niche segment is starting to enter the mainstream of the financial services industry," Neill Penney, co-head of Trading at Thomson Reuters, said in a press release. "This is a major change from a year ago."
Thomson Reuters surveyed more than 400 clients across its trading solutions, which included hedge funds, large asset managers, and trading desks at the biggest banks. The results showed a widespread familiarity with cryptocurrencies, Thomson Reuters said.
The investor survey results and news Monday that Wall Street giant Goldman Sachs made its first hire for cryptocurrency markets are boosting prices this week, according to Brian Kelly, founder and CEO of BKCM.
"In the last month we have seen Goldman and Barclays publicly acknowledge they are planning to trade cryptocurrency. That has everyone on notice that institutional money is ready to enter the market," Kelly said. "This should be very positive for prices."
Bitcoin surged to its highest level in more than a month Tuesday, extending the post-Tax Day rebound to a high of $9,337.66 Tuesday, according to CoinDesk. The cryptocurrency is coming off its worst quarter ever and fell 48 percent in the first three months of 2018.
In a note to clients Tuesday, Kelly predicted a new resistance level of $12,000 for bitcoin. Kelly recently backed venture capitalist Tim Draper's call for the cryptocurrency to hit $250,000 within four years.