U.S. households likely owe $25 billion in capital gains taxes for their cryptocurrency holdings, which could result in “massive” selling of the digital currencies into U.S. dollars by the mid-April tax filing deadline, one Wall Street analyst said. “This is a massive outflow from crypto to USD and historical estimates …

Chesnot | Getty Images Digital cryptocurrencies, Bitcoin, Ripple, Ethernum, Dash, Monero and Litecoin. Japan unveiled proposed guidelines for the legalization of a controversial means of raising money in the cryptocurrency space. A government-backed research group has put forward rules that would see initial coin offerings (ICOs) given regulatory definition and …

David Paul Morris | Bloomberg | Getty Images The silhouette of a pedestrian holding a mobile device is seen walking past a Citigroup bank branch in San Francisco. Shares of Citigroup and Wells Fargo rose Thursday after an analyst at UBS upgraded both stocks to buy. Citigroup’s stock was up …

JASON REDMOND | AFP | Getty Images Microsoft President and Chief Legal Officer Brad Smith speaks during the annual Microsoft shareholders meeting in Bellevue, Washington on November 29, 2017. Microsoft is letting firms it works with on joint ventures keep patent and design rights for the technology it collaborates on. …

Barclays upgraded Merck to overweight from equal weight on better opportunities versus its competition, while downgrading Pfizer to equal weight from overweight given the less likely chance of a “transformative” acquisition. Analyst Geoff Meacham and his team also raised their price target on Merck by $2 to $64, a more …

Toby Melville | Reuters Police officers seal off the road on which Russian Sergei Skripal and his daughter have been staying in Salisbury, Britain, March 7, 2018. Yulia Skripal, who was poisoned in Britain last month along with her father, a former Russian double agent, issued a statement on Thursday …

Johannes Eisele | AFP | Getty Images Tesla car dealership in Shanghai taken on March 17, 2015. The U.S. firm Tesla doesn’t provide numbers of deliveries to China but does offer revenue data, suggesting sales worth around $2 billion in 2017. According to Evercore, Tesla could, therefore, be a big …

Andrew Harrer | Bloomberg | Getty Images Richard Smith, former chairman and chief executive officer of Equifax Inc. waits to begin a House Energy and Commerce Committee hearing in Washington, D.C., U.S., on Tuesday, Oct. 3, 2017. “These allegations state a viable claim for violation of the data security regulations,” …

Dan Kitwood | Getty Images A visual representation of the digital Cryptocurrency, Bitcoin on October 24, 2017 in London, England. Bitcoin is likely to fare worse than other assets in the coming months because it has no fundamental worth, an investment research firm said in a note Thursday. London-based Capital …

Maria Bastone | AFP | Getty Images A trader (c) on the New York Stock Exchange looks at stock rates 19 October 1987 as stocks were devastated during one of the most frantic days in the exchange’s history. Stock markets could see sharp falls before the end of year as …