Finance

Bitcoin tanked Wednesday after indications of greater scrutiny from U.S. regulators. The digital currency fell nearly $500 at one point, or about 8.7 percent to a low of $5,109.70, before regaining some of the lost ground, according to CoinDesk. The day’s low marked the digital currency’s lowest level since Thursday, …

Brooks Kraft | Getty Images The Eccles Building, location of the Board of Governors of the Federal Reserve System and of the Federal Open Market Committee, June 2, 2016 in Washington, DC. President Donald Trump has five candidates to make his choice for the next chair of the Federal Reserve …

Michael Nagle | Bloomberg | Getty Images James Gorman, chief executive officer of Morgan Stanley. Morgan Stanley reported third-quarter earnings Tuesday that topped Wall Street expectations after its wealth management business posted strong results, while its fixed income and equities traders navigated a tough environment better than peers at firms …

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. President Donald Trump will interview Janet Yellen Thursday about potentially staying on as chair of the Federal Reserve after …

Getty Images Melvin Gordon #28 of the Los Angeles Chargers scores a six-yard touchdown against the Oakland Raiders during their NFL game at Oakland-Alameda County Coliseum on October 15, 2017 in Oakland, California. Declining NFL television ratings will lower CBS earnings, according to Credit Suisse. The firm cut its third-quarter …

A famed Wall Street investor behind what may become the largest digital assets investment fund is moving deeper into the world of digital coins. Former Fortress hedge fund manager Michael Novogratz agreed on October 4 to join the board of advisors at a new token exchange project. The news has …

The relationship between gold and bonds could be on the verge of going bust. Dennis Gartman, the man dubbed the “Commodities King” by investors, is tracking an unusual trend showing gold and bonds moving in the same direction over the past several years. He predicted it can’t last because gold …

Win McNamee | Getty Images An employee walks outside the World Bank headquarters in Washington, United States. Experts say the roles of both institutions have shifted since their inception at Bretton Woods more than 70 years ago. “The IMF is heavily involved in fighting crises around the world,” Steil said. …

As bitcoin soars to all-time highs, the pace of gains is rapidly picking up speed. For example, it took well over 1,000 days for each leg of bitcoin’s climb from a few cents to $1,000, and from $1,000 to $2,000. But since bitcoin topped $2,000 for the first time this …

Shares of electric utility company PG&E plunged 7.5 percent Friday on concerns its power lines may have started the massive wildfires that have ravaged California recently. The stock was also on track for its worst day since September 2010. The California Public Utilities Commission sent a letter on Thursday to …