Finance

The only major Wall Street strategist with an official price forecast for bitcoin turned “cautious” as the digital currency soared above $7,000 to record highs. We are “cautious short-term on bitcoin,” Fundstrat co-founder Tom Lee said in a Thursday report. He said bitcoin has gained far more than fundamentals warrant …

Getty Images House Way and Means Chairman Kevin Brady (R-TX), joined by members of the House Republican leadership, introduce tax reform legislation November 2, 2017 in Washington, DC. The new plan aims, in part, to lower the corporate tax rate to 20 percent. The Tax Cuts and Jobs Act — …

Oliver Contreras | The Washington Post | Getty Images Robert Mercer speaks on the phone during the 12th International Conference on Climate Change hosted by The Heartland Institute on March 23, 2017 in Washington, D.C. Robert Mercer, a billionaire investor who is a big backer of many conservative causes and …

Michael Nagle | Bloomberg | Getty Images The silhouettes of pedestrians are seen passing in front of the New York Stock Exchange in New York. Check out the companies making headlines after the bell: Tesla shares fell nearly 5 percent in extended trading after the company posted mixed quarterly results. …

Saul Loeb | AFP | Getty Images Federal Reserve Chair Janet Yellen speaks during a press conference after the Federal Open Market Committee meetings in Washington, DC, on September 20, 2017. In fact, the committee statement noted that the “labor market has continued to strengthen and that economic activity has …

The recent sell-off in shares of American Airlines is “overdone,” according to one Wall Street analyst. JPMorgan upgraded American to overweight, arguing that plans to boost revenue will continue to buoy the company. American narrowly beat profit expectations during last week’s earnings report after multiple hurricanes in August and September …

CME announced Tuesday it plans to launch bitcoin futures in the fourth quarter, pending regulatory review. Bitcoin rose to a record high above $6,400 Tuesday morning, according to CoinDesk, after the announcement by the world’s largest futures exchange. “Given increasing client interest in the evolving cryptocurrency markets, we have decided …

Pau Barrena | Bloomberg | Getty Images Ajay Banga, chief executive officer of MasterCard Inc. MasterCard is expected to report third-quarter earnings before the bell Tuesday. Here’s what Wall Street expects: EPS: $1.23, according to Thomson Reuters Revenue: $3.28 billion, according to Thomson Reuters MasterCard is hoping to build off …

A hedge fund run by legendary investor Bill Miller now has about 30 percent of its assets in bitcoin, up from 5 percent last year, The Wall Street Journal reported Friday, citing an interview with Miller. The fund, MVP 1, bought its bitcoin for an average $350 each, the Journal …

David Paul Morris | Bloomberg | Getty Images An attendee takes a photograph of the Apple Inc. iPhone X during an event at the Steve Jobs Theater in Cupertino, California, U.S., on Tuesday, Sept. 12, 2017. Shares of Apple traded higher in premarket trading Monday on speculation of strong demand …