Bitcoin Finds Floor After Worst Selloff Since 2015
January 4, 2018

Bitcoin rebounded on Saturday along with most of the major cryptocurrencies, halting a four-day tumble that drew worldwide attention to the unregulated $500 billion market that’s frequently called a bubble.

The double-digit bounceback was strongest with second-tier digital coins. Bitcoin Continue reading

Novogratz Halts Hedge Fund, Says Bitcoin May Drop to $8,000
December 27, 2017

Michael Novogratz, the former macro manager who’s turned into one of the biggest champions of bitcoin, shelved plans to start a cryptocurrency hedge fund and predicted that the digital money may extend its plunge to $8,000.

“We didn’t like market Continue reading

GE to Cut 12,000 Jobs in Its Power Business
December 16, 2017

General Electric Co. plans to cut 12,000 jobs in its power business as the company’s new leaders look to slash costs and stabilize the beleaguered manufacturer.

The reductions, accounting for about 18 percent of GE Power’s workforce, include both professional Continue reading

Intersection raises $150 million for the global expansion of its free Wi-Fi
November 14, 2017

As it looks to expand the global footprint of its internet-enabled digital advertising and informational kiosks, New York-based Intersection has raised $150 million in a new round of financing.

The company has installed hundreds of its obelisk-like Link devices in Continue reading

Kushners Control of Familys NYC Crown Jewel Is Now in Jeopardy
October 18, 2017

An ambitious plan by Jared Kushner’s family to recast its indebted Fifth Avenue office building as a luxury architectural trophy is collapsing, setting off a chain of events that may imperil the Kushners’ ownership of a property central to their Continue reading