Saturday's attack is the biggest on Saudi oil infrastructure since Saddam Hussein's invasion of Kuwait in 1990.Energyread more
Saudi Aramco is aiming to restore by Monday about a third of its crude output that was disrupted after drone attacks on two key oil facilities, The Wall Street Journal...Marketsread more
"Blaming Iran won't end disaster. Accepting our April '15 proposal to end war & begin talks may," Zarif said on Twitter.Energyread more
Oil prices are expected to jump as much as $10 per barrel after a coordinated drone strike hit Saudi Arabia's largest oil field, forcing the kingdom to cut its oil output in...Marketsread more
Apple's new iPhones can still send texts, download apps, and make video calls, but the company spends a lot of time and effort marketing its new phones as powerful photography...Technologyread more
The trucking industry is worth hundreds of billions of dollars per year. Uber is going after this market with Uber Freight, an online platform that matches truckers with...Technologyread more
Some U.S. manufacturers say tariffs, if targeted, will help address longstanding unfair trade practices like intellectual property theft.Traderead more
Supporters of a $15 minimum wage ballot initiative in Florida argue the state's inflation-tied pay hikes have not gone far enough.2020 Electionsread more
Saudi Arabia shut down half its oil production Saturday after drone strikes hit the world's largest oil processing facility in an attack claimed by Yemen's Houthi rebels.Politicsread more
Trusii's hydrogen water machines were supposed to help users with their health problems, but customers claim the company is involved in a giant scam.Technologyread more
The decoupling of the world's two weightiest economies seems as inescapable as its extent and global impact remains incalculable.Politicsread more
Bitcoin jumped more than 10 percent Tuesday, breaking above the $7,000 level after weeks of steady but lower prices.
The world’s most valuable virtual currency moved sharply higher around 2:00 pm New York time to $7,465.79, its highest level since June 9th, according to Coinbase.
Cryptocurrency pundits said the price jump had more to do with technical levels than any other catalyst.
"The $6,800 level was massive resistance for three weeks and I think people were shorting against that and they just got their face ripped off," said Brian Kelly, CEO of BKCM.
Mark Newton, president and founder of Newton Advisors said technical patterns in recent days suggest bitcoin could continue up to $8,000, "without any real news helping out to explain why."
"We’re simply seeing some follow-through from recent progress in the last few days, and gradual basing out over the last month," Newton said.
"There have been a lot of positive catalysts this week, from Coinbase receiving approval to list security tokens, to BlackRock expressing their interest in crypto assets," said Joe DiPasquale, CEO of cryptocurrency fund of hedge funds BitBull Capital. "We are hopeful that the momentum will continue to build, and with it, institutions will finally break the ice en masse."
Bitcoin has struggled to regain footing after nearing $20,000 at the end of last year. The cryptocurrency has lost more than half its value in the first half of this year, according to data from Coinbase. The digital currency's total market capitalization has also fallen roughly 50 percent, with a current value of more than $125 billion, according to CoinMarketCap.