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Ethereum briefly crashed from $319 to 10 cents in seconds on one exchange after ‘multimillion dollar’ trade

Ethereum briefly crashed from $319 to 10 cents in seconds on one exchange after ‘multimillion dollar’ trade

Ethereum briefly suffered a flash crash on the GDAX exchange on Wednesday. The price fell from around $319 to 10 cents in a matter of seconds. Many ethereum traders lost large sums of money. The cryptocurrency later rebounded. The price of ethereum crashed …

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U.S. Halts Beef Imports From Brazil Amid Food-Safety Concerns

U.S. Halts Beef Imports From Brazil Amid Food-Safety Concerns

The U.S. suspended all fresh beef imports from Brazil, the world’s second-largest producer, citing “recurring” food safety concerns. The ban will remain in place until satisfactory corrective actions are taken, the U.S. Department of Agriculture …

There are Trump's claims about jobs. And then there are the numbers

There are Trump’s claims about jobs. And then there are the numbers

President Trump is heralding a boom in coal jobs that just isn’t there. He took credit for thousands of new coal jobs on Wednesday at a rally in Cedar Rapids. “We’ve ended the war on clean beautiful coal. And we’re putting our miners back to work,” he said.

Wal-Mart could enter a bidding war with Amazon over Whole Foods, JPMorgan says

Wal-Mart could enter a bidding war with Amazon over Whole Foods, JPMorgan says

Whole Foods Market shares closed at $43.26 Wednesday above the $42 share bid offered by Amazon. JPMorgan says Amazon has many “structural advantages” if a bidding war breaks out for Whole Foods Market. “We do think there is a chance that Walmart makes a …

Get Ready for a Friday Trading Frenzy

Get Ready for a Friday Trading Frenzy

Friday’s session will probably be one of the busiest of the year for equity traders as the annual Russell reshuffle is set to take effect. The FTSE Russell’s rebalancing of stock indexes reliably boosts trading. At the same time, it rarely triggers big …

Deutsche Bank unexpectedly pulled an offer to hire a top executive at the last minute

Deutsche Bank unexpectedly pulled an offer to hire a top executive at the last minute

Deutsche Bank unexpectedly pulled an offer to hire a top executive at the last minute, people familiar with the matter said, delaying its efforts to end churn at its fixed-income operation. Rob Allard, a former Deutsche Bank executive who ran the …

Big banks pass first round of Fed's annual stress tests

Big banks pass first round of Fed’s annual stress tests

Thirty-four of the biggest U.S. banks have the financial strength to survive the next global recession, the Federal Reserve said on Thursday. Continue Reading Below The results were the first of two rounds of annual stress tests conducted by the central …

America's Most Popular Gasoline Pipeline Is Losing its Edge

America’s Most Popular Gasoline Pipeline Is Losing its Edge

The hottest trade in the U.S. gasoline market is starting to cool. As America’s U.S. Gulf Coast refining complex seeks more attractive destinations for its rising production of motor fuels, marketers have found that shipping gasoline to the Atlantic …

Sears is closing 20 more stores — here's the full list

Sears is closing 20 more stores — here’s the full list

Sears Holdings is closing 20 more stores in the US, in addition to the 245 closings that had already been announced this year. The company announced the latest closures to store employees on Thursday, several workers told Business Insider. Employees …

Stock-market bulls are ‘playing with fire,’ says financial blogger

Stock-market bulls are ‘playing with fire,’ says financial blogger

Are Wall Street optimists pyromaniacs? At least one financial blogger thinks the bulls are engaged in a dangerous game that could get them scorched, as U.S. stock markets continue to flirt with all-time highs. Read: Opinion: 4 things that could kill the …

Oil recoups some recent losses following a second-straight weekly fall in U.S. supplies

Oil recoups some recent losses following a second-straight weekly fall in U.S. supplies

Oil finished modestly higher Thursday, with a second weekly decline in U.S. crude supplies helping prices recoup some of their recent losses. But prices were still stuck in a bear market, defined as a decline from a recent peak of at least 20%, on …

Buffett's company lends $1.5B to Home Capital, invests $300M

Buffett’s company lends $1.5B to Home Capital, invests $300M

Warren Buffett’s company is lending $1.5 billion to Home Capital and spending roughly $300 million to purchase nearly 40 percent of the troubled Canadian lender’s stock. Berkshire said Thursday that the credit line will carry a relatively hefty 9 percent …

EpiPen maker's $98 million payout is just way too much, shareholders say

EpiPen maker’s $98 million payout is just way too much, shareholders say

EpiPen maker Mylan got a rare scolding from shareholders who are fuming over a $98 million pay package for its former CEO. A majority of Mylan shareholders on Thursday rejected the drug company’s 2016 plan for paying its executives. Critics have blasted …

Despite fierce battles, developers expect to deliver a batch of new market-rate housing to the Mission

Despite fierce battles, developers expect to deliver a batch of new market-rate housing to the Mission

Hundreds of Mission residents stormed City Hall, unfurling an orange banner: “No Monster in the Mission.” They chanted and yelled, directing a message to San Francisco’s mayor, “Ed Lee, can’t you see, we don’t need more luxury.” It was the …

Rout Tests World's No. 3 Oil Reserves After Shell Decamps

Rout Tests World’s No. 3 Oil Reserves After Shell Decamps

When Royal Dutch Shell Plc decided to pull out of the Canadian oil sands, the local producers doubled down with more investment. Crude’s bear market is testing their resolve. Trailing only Saudi Arabia and Venezuela in proved reserves, the sticky …

Stock market climbs as health-care shares extend rally

Stock market climbs as health-care shares extend rally

Health-care sector is on a tear Thursday afternoon. U.S. stocks benchmarks were trading higher Thursday, with afternoon gains driven by a rally in the health-care and biotechnology sectors. The S&P 500 SPX, +0.17% rose 5 points, or 0.2%, to 2,440, with …

Home Capital's shares surge as Buffett rides to rescue

Home Capital’s shares surge as Buffett rides to rescue

FILE PHOTO - The Home Capital Group’s headquarters in Toronto Thomson Reuters By Matt Scuffham TORONTO (Reuters) - Warren Buffett’s Berkshire Hathaway Inc is providing a C$2 billion loan to Home Capital Group Inc and taking a 38 percent stake in the lender …

American Airlines is changing its uniforms after thousands of workers claim the clothes made them sick

American Airlines is changing its uniforms after thousands of workers claim the clothes made them sick

American Airlines told employees on Wednesday that it plans to change its employee uniforms after some workers claimed the clothes were making them sick. The airline first rolled out new uniforms for more than 70,000 pilots, flight attendants, and …

There Could Be Ketamine In Your ‘Natural’ Chicken

There Could Be Ketamine In Your ‘Natural’ Chicken

Veterinarians use it as an anesthetic. Psychiatrists have started prescribing it for depression. And thanks to the “out-of-body” experience it gives users, ketamine, or “Special K,” has long been a drug of choice for ravers and clubgoers.

Kalanick Ouster as Uber CEO Began With Hand-Delivered Letter

Kalanick Ouster as Uber CEO Began With Hand-Delivered Letter

As Travis Kalanick was in Chicago interviewing a candidate to be his deputy at Uber Technologies Inc., two investors were on a plane to deliver the news that they wanted the chief executive officer gone. Matt Cohler and Peter Fenton, partners at venture …

'Substantial risk' that Fed is about to make a serious mistake, Pimco advisor says

’Substantial risk’ that Fed is about to make a serious mistake, Pimco advisor says

Joachim Fels at Pimco said the Fed shouldn’t be raising rates with the evidence so clear that it is falling well short of its inflation mandate. Fels said the economy is “only one major adverse shock away from a serious deflationary scare.” For years, the …

Hain Celestial says accounting review reveals no changes

Hain Celestial says accounting review reveals no changes

Hain Celestial said Thursday that a nearly year-long accounting review has concluded that the organic food maker doesn’t need to make any major changes to its past financial reports. The company also named a new chief financial officer, released financial …

Nordstrom Rack to open at Bayshore Town Center in fall 2018

Nordstrom Rack to open at Bayshore Town Center in fall 2018

The region’s second Nordstrom Rack will open in the fall of 2018 at Bayshore Town Center and anchor the Glendale shopping mall’s north end, which is expected to be redeveloped later this year. Seattle-based Nordstrom said Thursday that its off-price store …

AT&T CEO Stephenson: We will invest $22 billion in the US this year if ...

AT&T CEO Stephenson: We will invest $22 billion in the US this year if …

CEO Randall Stephenson says AT&T will step up its investments if President Trump delivers on tax reform. “I don’t think we’re unique. I think you would see this happen across all industries, and with every player in our industry,” he tells CNBC .

It's official. Business isn't investing in Britain.

It’s official. Business isn’t investing in Britain.

The man running Britain’s economy has warned that uncertainty over Brexit is stopping businesses from investing in the country. “There is a large amount of business investment that is being postponed until business can see more clearly what the likely …

Mylan's shareholders just voted against its executive pay, which included a $100 million package for its chairman

Mylan’s shareholders just voted against its executive pay, which included a $100 million package for its chairman

AMSTERDAM (Reuters) - Mylan NV shareholders voted to re-elect the generic drugmaker’s board at its annual meeting on Thursday, despite a push to to vote down most of the directors. Shareholders also voted against a measure to approve the company’s …

Nomura Wants to Charge Clients $134,000 for Premium Research

Nomura Wants to Charge Clients $134,000 for Premium Research

As the European ban on bundling research with brokerage services looms, Nomura Holdings Inc. has proposed that clients pay as much as 120,000 euros ($134,000) a year to access their favorite analysts. That’s what the Japanese bank quoted in April for an …

Ethereum briefly crashed from $319 to 10 cents in seconds on one exchange after ‘multimillion dollar’ trade

Ethereum briefly crashed from $319 to 10 cents in seconds on one exchange after ‘multimillion dollar’ trade

Ethereum briefly suffered a flash crash on the GDAX exchange on Wednesday. The price fell from around $319 to 10 cents in a matter of seconds. Many ethereum traders lost large sums of money. The cryptocurrency later rebounded. The price of ethereum crashed …

Qatar: 'We can defend our currency and the economy'

Qatar: ‘We can defend our currency and the economy’

Qatar says its economy is strong enough to cope with what it calls a “blockade” by neighboring Arab states. In remarks emailed to CNNMoney, Qatar finance minister Ali Shareef Al Emadi said inflation could tick higher this year because of the disruption to …

WhistlePig Rye Whiskey Said to Weigh Sale Amid Takeover Interest

WhistlePig Rye Whiskey Said to Weigh Sale Amid Takeover Interest

WhistlePig Whiskey, maker of the rye whiskey that was voted world’s best, is exploring a sale after receiving takeover interest and has invited potential suitors to submit formal bids, according to people familiar with the situation. Talks about a sale …

You’ll know if it’s time to move job by answering these 3 questions from a former Google director

You’ll know if it’s time to move job by answering these 3 questions from a former Google director

Mike Steib, the CEO of XO Group Inc. XO Group Mike Steib, CEO of American media company XO Group, has a fair bit of experience of changing roles over his career. His first job out of university was as a business analyst at McKinsey. Since then, he has been …

Sears Canada just filed for bankruptcy protection

Sears Canada just filed for bankruptcy protection

Sears Canada filed for court protection against creditors on Thursday. The company said it has made progress toward reinventing its brand, but is running out of cash and needs more time to turn business around. “The brand reinvention work Sears Canada has …

Canadian Retailers Are Off to Their Best Start Ever

Canadian Retailers Are Off to Their Best Start Ever

Canada’s retailers have never had it better. Consumers continued their free-spending ways in April, pushing retail sales to a 0.8 percent gain from the prior month and bringing the total increase since the beginning of the year to 3.6 percent, Statistics …

Staples, Sycamore Partners close to M&A deal: Report

Staples, Sycamore Partners close to M&A deal: Report

Private equity firm Sycamore Partners is in advanced talks to acquire Staples Inc following an auction for the U.S. office supplies retailer, people familiar with the matter said on Wednesday, in a deal that could top $6 billion. Continue Reading Below The …

Boeing vs. Airbus: A new winner emerges at the Paris Air Show

Boeing vs. Airbus: A new winner emerges at the Paris Air Show

Final score: Boeing 571, Airbus 326. Boeing has claimed bragging rights over Airbus at the Paris Air Show, winning more aircraft deals at the biennial event than its European arch-rival for the first time since 2012. Boeing (BA) is leaving the show with …

State-owned Qatar Airways seeks 10 pct stake in American

State-owned Qatar Airways seeks 10 pct stake in American

State-owned Qatar Airways is attempting to buy a 10 percent stake in American Airlines, triggering U.S. antitrust oversight of deals that size. American said in a regulatory filing Thursday that the bid was unsolicited, but that there have been …

American Airlines Says Qatar Airways Seeks to Acquire 10% Stake

American Airlines Says Qatar Airways Seeks to Acquire 10% Stake

Qatar Airways intends to make “a significant investment” of at least $808 million in American Airlines Group Inc., the U.S. carrier announced Thursday. In a conversation between the chief executive officers of both companies, Qatar said it wants to …

Here's a super-quick guide to what traders are talking about right now

Here’s a super-quick guide to what traders are talking about right now

A stock trader dressed as a clown stands in front of the German share price index DAX board at the German stock exchange in Frankfurt, February 16, 2010. Frankfurt’s burse traders followed a long tradition by wearing carnival costumes from Germany’s …

Blackstone's Schwarzman says markets at record levels because Trump-GOP policy agenda is 'excellent'

Blackstone’s Schwarzman says markets at record levels because Trump-GOP policy agenda is ‘excellent’

Blackstone’s Stephen Schwarzman links a surge in optimism to the Trump administration’s pro-growth policies. He points to growth-friendly aspects of Trump’s deregulation and infrastructure spending plans. The head of the world’s largest asset manager on …

Bond market flashing worry on economy, countering Fed view

Bond market flashing worry on economy, countering Fed view

The U.S. Treasury yield curve is flashing warning signs on the economy, pointing to a less optimistic prediction for longer-term economic growth at the same time as Federal Reserve officials are adopting a more aggressive tone on raising interest rates.

The Company Behind the Dakota Pipeline Is Spilling Toxic Fluid in Ohio

The Company Behind the Dakota Pipeline Is Spilling Toxic Fluid in Ohio

Energy Transfer Partners LP is making a mess of its biggest project since the Dakota Access pipeline. Construction of the $4.2 billion Rover natural gas line has caused seven industrial spills, polluted fragile Ohio wetlands and angered local farmers.

Videos

The iPhone: Evolved

The iPhone: Evolved

Biotech Stocks Are On Fire As Obamacare Repeal Vote Looms | CNBC

Biotech Stocks Are On Fire As Obamacare Repeal Vote Looms | CNBC

Ice Cube Bets Big On Hoops With Three-On-Three Basketball League | CNBC

Ice Cube Bets Big On Hoops With Three-On-Three Basketball League | CNBC

President Trump's record on coal mining jobs

President Trump’s record on coal mining jobs

Snapchat Has A New Feature Called 'Snap Map'-Here's How It Works | CNBC

Snapchat Has A New Feature Called ‘Snap Map’-Here’s How It Works | CNBC

Warren Buffett An Overlooked Target In Amazon's Grocery War | CNBC

Warren Buffett An Overlooked Target In Amazon’s Grocery War | CNBC

Paul Ryan: Bottom Line Is I Want Them To Pass The Bill | CNBC

Paul Ryan: Bottom Line Is I Want Them To Pass The Bill | CNBC

Qatar Airways Interested In Acquiring About A 10% Stake In American Airlines | CNBC

Qatar Airways Interested In Acquiring About A 10% Stake In American Airlines | CNBC

Tropical Storm Cindy Turns Deadly, Pounds Gulf Coast | CNBC

Tropical Storm Cindy Turns Deadly, Pounds Gulf Coast | CNBC

Wal-Mart Could Enter A Bidding War With Amazon Over Whole Foods, JPMorgan Says | CNBC

Wal-Mart Could Enter A Bidding War With Amazon Over Whole Foods, JPMorgan Says | CNBC

The Jobs Market May Be Past 'Full Employment.' Here's What That Means | CNBC

The Jobs Market May Be Past ‘Full Employment.’ Here’s What That Means | CNBC

North Korean Diplomat Raises Possibility Of Talks With US, Nuclear Test Moratorium | CNBC

North Korean Diplomat Raises Possibility Of Talks With US, Nuclear Test Moratorium | CNBC

The Full Interview With Tony Dywer | Trading Nation | CNBC

The Full Interview With Tony Dywer | Trading Nation | CNBC

Energy And Jobless Claims: Here's What Could Drive The Market Thursday | Trading Nation | CNBC

Energy And Jobless Claims: Here’s What Could Drive The Market Thursday | Trading Nation | CNBC

Undergrads design medical devices

Undergrads design medical devices

5 stunning stats about Nike

5 stunning stats about Nike

The Zuckerberg Interview: Extended cut

The Zuckerberg Interview: Extended cut

Zuckerberg: Internet for the world is good for democracy

Zuckerberg: Internet for the world is good for democracy

Zuckerberg: How we can have a more civil, productive debate

Zuckerberg: How we can have a more civil, productive debate

Zuckerberg: We're divided politically, but have shar...

Zuckerberg: We’re divided politically, but have shar…

Zuckerberg: 'We have a responsibility to do more'

Zuckerberg: ‘We have a responsibility to do more’

Red Hat CEO: 5G Transformation | Mad Money | CNBC

Red Hat CEO: 5G Transformation | Mad Money | CNBC

Adobe Systems CEO: Unleashing Innovation | Mad Money | CNBC

Adobe Systems CEO: Unleashing Innovation | Mad Money | CNBC

Summer gas prices dip to 12-year low

Summer gas prices dip to 12-year low

SunTrust Banks CEO: Depositing Gains? | Mad Money | CNBC

SunTrust Banks CEO: Depositing Gains? | Mad Money | CNBC

Inside India's first international baking academy

Inside India’s first international baking academy

How Nando's made it to Malaysia

How Nando’s made it to Malaysia

Flyrobe: India's "national shared wardrobe"

Flyrobe: India’s “national shared wardrobe”

Bet On This Chip Maker For A Breakout: Trader | Trading Nation | CNBC

Bet On This Chip Maker For A Breakout: Trader | Trading Nation | CNBC

How Much Higher Can The S&P 500 Rise This Summer? | Trading Nation | CNBC

How Much Higher Can The S&P 500 Rise This Summer? | Trading Nation | CNBC

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