Bitcoin smashed through the $7,000 mark last week—and the digital currency’s remarkable run, which has seen its value increase seven-fold so far this year, may not be over.
According to an analysis by Goldman Sachs, the price of bitcoin could reach “at least $7,941” and hover around that point for a while.
The analysis,...
SHANGHAI (Reuters) - Chinese e-commerce giant Alibaba (BABA.N) saw its Singles’ Day sales hit $16 billion by mid-morning on Saturday after racing to a billion dollars in just two minutes after the world’s biggest shopping spree opened at midnight.
Once a celebration for China’s lonely hearts, Singles’ Day has become...
As widely anticipated, President Trump nominated Jerome “Jay” Powell to a four-year term as chairman of the Federal Reserve’s Board of Governors on Thursday, succeeding Janet Yellen.
Although Powell currently is a member of the board, serving a term that expires in 2028, he must separately be confirmed by the...
WASHINGTON — The ozone hole over Antarctica shrank to its smallest peak since 1988, NASA said Thursday.
The huge hole in Earth’s protective ozone layer reached its maximum this year in September, and this year NASA said it was 7.6 million square miles wide (19.6 million square kilometers). The hole...
The U.S military sent one of its deadliest warplanes capable of launching nuclear-armed cruise missiles soaring across the Pacific Ocean over the weekend, ahead of President Donald Trump's visit to the region later this week and a day after Defense Secretary James Mattis warned that North Korea was “accelerating”...
Traveling between the stars has been a dream of humanity for generations. But while our species might not be able to make that trek for a long while, there are some seasoned travelers whizzing around the galaxy, and one of them stopped by our solar system this week.
Astronomer Rob...
The US economy expanded at an annual pace of 3% during the three months to the end of September, which was stronger than expected.
The growth extended the robust activity reported in the previous quarter, when US GDP grew at an annual pace of 3.1%.
Analysts had been expecting a sharp...
Amazon.com Inc. is almost certain to enter the business of selling prescription drugs by 2019, said two analysts at Leerink Partners, posing a direct threat to the U.S.’s biggest brick-and-mortar drugstore chains.
“It’s a matter of when, not if,” Leerink Partners analyst David Larsen said in a report to clients...
DETROIT - Major automakers on Tuesday posted higher U.S. new vehicle sales in September as consumers in hurricane-hit parts of the country replaced flood-damaged cars, extending a rally in their shares that began when Hurricane Harvey hit southeast Texas in late August.
Analysts and industry consultants had predicted hurricanes Harvey...
After nearly a century of building vehicles powered by fossil fuels, General Motors — one of the world’s largest automakers — announced Monday that the end of GM producing internal combustion engines is fast approaching.
The acceleration to an all-electric future will begin almost immediately, with GM releasing two new...
