Tesla CEO Elon Musk recently made headlines after announcing that his company bought $1.5 billion worth of Bitcoin (CRYPTO: BTC).The cryptocurrency has been around for years, but it has surged more than 370% over the past 12 months. Even before Tesla's investment in Bitcoin, Musk
Bank of New York Mellon (NYSE: BK), one of the largest custodian banks in the world, plans to begin serving the cryptocurrency needs of its asset management clients.The Wall Street Journal reported this morning that BNY Mellon will soon "hold, transfer and issue" Bitcoin (CRYPTO:
U.S. video game retailer GameStop Corp decided it could not seize on the Reddit-fueled rally in its shares to sell hundreds of millions of dollars worth of stock because of regulatory restrictions, according to three people familiar with the matter.
The price of Bitcoin (CRYPTO: BTC) recently soared past $46,000 after Tesla invested $1.5 billion in the cryptocurrency and said it would soon start accepting it for payments. It might be tempting to chase that rally, but investors should realize Bitcoin is still a highly specula
Bank of NY Mellon joined the rush by top-tier financial services firms to bet on digital currencies such as bitcoin on Thursday, saying it had formed a new unit to help clients hold, transfer and issue digital assets.
ROME (Reuters Breakingviews) - Elon Musk has gone full cryptocurrency. Tesla’s $1.5 bln bitcoin buy is a wink to virtual-investment, anti-establishment fervor, if a challenge to accounting rules, Richard Beales argues. Meantime, Japa
Kevin Bennett is the CEO behind MotoRefi, and he wants to save you $100 or more per month. In this video, recorded on Feb. 4, Kevin joins Brendan Mathews from Motley Fool Ventures to talk about auto finance and start-ups. Kevin explains why you're probably paying too much on your
GameStop Corp decided it could not seize on the Reddit-fueled rally in its shares to sell hundreds of millions of dollars worth of stock because of regulatory restrictions, according to three people familiar the U.S. video game retailer's internal deliberations.
Investors in high-flying electric carmaker Tesla Inc are questioning whether Elon Musk's $1.5 billion outlay into bitcoin will be as good for the company as it has been for the cryptocurrency.
In eight days, we'll mark the one-year anniversary of the beginning of the coronavirus disease 2019 (COVID-19) crash on Wall Street. It took just 33 calendar days for the benchmark S&P 500 to lose 34% of its value, marking the fastest bear market decline on record. While ther
SpaceX’s satellite-based Internet business, Starlink, is seen as the biggest driver of the space exploration company’s valuation, given its large addressable market. (Related: SpaceX’s Revenues and Valuation) So how is the service shaping up? Starlink we
Volkswagen AG on Thursday said it will use Microsoft Corp's cloud computing services to help it streamline its software development efforts for self-driving cars. The Microsoft deal will also make deploying software updates to add new features to cars.
Investors in high-flying electric carmaker Tesla Inc are questioning whether Elon Musk's $1.5 billion outlay into bitcoin will be as good for the company as it has been for the cryptocurrency. Shareholders voiced concern that the investment by Tesla could fuel more gyrations in the company's shares.
Australian shares egded down on Thursday, as a slump in technology stocks following overnight losses in their Wall Street peers outweighed gains in Newcrest Mining and Telstra on upbeat half-year reports.
The U.S. International Trade Commission (ITC) on Wednesday sided with South Korea's chemicals and electric vehicle (EV) battery maker LG Chem Ltd, which accused its cross-town rival SK Innovation Co Ltd of misappropriating trade secrets related to EV battery technology.
Like many others in his industry, Geely Chairman Li Shifu has been irked by skyrocketing valuations for electric car manufacturers such as Tesla Inc and Nio Inc, sources at the Chinese automaker say.
Mastercard Inc said on Wednesday it was planning to offer support for some cryptocurrencies on its network this year, joining a string of big-ticket firms that have pledged similar support.
The S&P 500 and the Nasdaq edged slightly lower on Wednesday as big tech stocks slid amid an ongoing rotation of portfolio holdings that gave a boost to energy shares and kept the overall market near record highs.
The S&P 500 and the Nasdaq ended slightly lower on Wednesday dragged down by financial shares and the continuing sell-off in some big tech stocks even as energy shares rose.
Australian shares were poised to open lower on Thursday with tech stocks expected to drag, as major indexes on Wall Street slipped from record levels in the overnight session.