Business News

(NEW YORK) -- Bitcoin surged to a record high on Thursday, vaulting more than 3% in early trading and hurtling past $110,000 for the first time.The price of bitcoin stood at $111,385 on Thursday, extending a sharp rise that stretches back to the November election of President Donald Trump, a cryptocurrency supporter and investor.Ether, the second-largest cryptocurrency, jumped 6%. The $TRUMP memecoin, a crypto coin launched by the president in January, increased nearly […]

Photo by Jaque Silva/NurPhoto via Getty Images (NEW YORK) -- Stocks closed down significantly on Wednesday as bond yields spiked amid deficit concerns centered on a tax cut measure under consideration in the U.S. House as part of a megabill supporting President Donald Trump's second-term agenda.The Dow Jones Industrial Average closed down 817 points, or 1.9%, while the S&P 500 declined 1.6%. The tech-heavy Nasdaq dropped 1.4%.The sell-off on Wall Street coincided […]

(WASHINGTON) -- If this past weekend in European politics is an indicator of anything, it's that the "Trump effect" is real, and its reverberations are unpredictable.Three European Union countries held elections on Sunday -- Romania, Poland and Portugal -- with the results failing to show any clear trend for the future of European politics. The elections did, however, indicate the American president's growing influence on the continent.The disparate responses from […]

Matteo Colombo/Getty Images (NEW YORK) -- Stocks slumped at the open of trading on Monday after a downgrade of U.S. credit triggered a spike in debt yields that threatened to raise borrowing costs throughout the nation's economy.The Dow Jones Industrial Average dropped 295 points, or 0.7%, while the S&P 500 fell 0.9%. The tech-heavy Nasdaq plunged 1.2%.Moody's, a top ratings agency, cut the U.S. credit rating on Friday, dropping it […]