Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
President Trump also said he is "not looking for a partial deal" with Beijing, moving away from his suggestion last week that he would consider an "interim deal."Politicsread more
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Joe Biden called on President Donald Trump Friday to release the transcript of a call with a foreign leader that is the subject of a whistleblower complaint. Biden described...Politicsread more
For investors taking a breather from the chaos in August, buckle up as the market is about go crazy again, Goldman Sachs warned.Marketsread more
Palantir Technologies is targeting a valuation of at least $26 billion in a private fundraising round, the first for the Peter Thiel-backed data analytics startup in four...Wall Streetread more
Michael Pack, a conservative filmmaker linked to Steve Bannon, saw at least $1.6 million in donations from his nonprofit sent into the coffers of his independent production...Politicsread more
The New England Patriots released Antonio Brown just 11 days after signing the wide receiver. The NFL Super Bowl champion team initially had kept him in the face of a rape...Sportsread more
Bitcoin is rallying and can no longer be ignored, said Brian Kelly, founder and CEO of BKCM LLC, an investment firm focused on digital currencies.
"When I would go to events like this in years past, you would kind of dismiss bitcoin," Kelly said on "Fast Money." "But it's been brought up several times at this conference and taken quite seriously. And I think you have to with a market cap at half a trillion dollars."
The cryptocurrency reached $9,700 around 5:15 p.m. ET Friday. While significantly lower than its mid-December highs around $19,700, the coin continues to regain losses from lows of around $6,000 earlier this year.
"Goldman made a big move into the cryptocurrency space," Kelly said. "They are definitely the leaders among the institutions in the space."
Regulatory clarity is also pushing the coin's value higher.
"One thing that is interesting is that bitcoin is clearly a currency," Kelly said. "Almost everyone I've talked to, and people here at this event, are talking about bitcoin as a currency, not a security."
Finally, Kelly said Blockchain Week New York City, bitcoin's biggest event, is coming up next week, helping to generate more buzz around the coin.
"Essentially, everyone from the world will be descending upon New York to talk about cryptocurrency," he said.