Internal dispute could mean financial panic in bitcoin

Got some bitcoin? An internal dispute over the digital currency could soon mean financial losses, whipsawing prices and delays in processing payments. It’s also possible that nothing much changes. It all depends on whether the people who maintain bitcoin can...

US business inventories rebound as sales fall

U.S. business inventories rebounded in May as sales recorded their biggest drop in 10 months, government data showed on Friday. The Commerce Department said business inventories increased 0.3 percent after an unrevised 0.2 percent decrease in April. Sales fell 0.2...

Consumer sentiment ticks down to 93.1 in early July survey

Confidence in future economic prospects continued slipping into early July, the University of Michigan reported Friday. U.S. consumer sentiment fell to 93.1 in a preliminary survey. Economists expected consumer sentiment to hit 95 in July, according to Thomson Reuters...

As a Guru, Ayn Rand May Have Limits. Ask Travis Kalanick.

Few, if any, literary philosophers have had as much influence on American business and politics as Ayn Rand, especially now that Donald J. Trump occupies the White House. President Trump named Rand his favorite writer and “The Fountainhead” his favorite...

Visa considers extending ‘war on cash’ business incentives outside US

Visa is hoping to extend its “war on cash” agenda to businesses in the U.K. after announcing new incentives for U.S. businesses to go cashless. The payment technology company revealed on Wednesday that it was launching a “cashless challenge”...

ECB wary of putting end-date on QE – sources

The European Central Bank is keen to keep its asset purchases open-ended rather than setting a potentially distant date on which bond-buying will stop, to retain flexibility in case the outlook sours, three sources familiar with the discussion said. By not saying when...