Finance

A prominent Wall Street strategist who predicted bitcoin could more than quadruple in value in five years has created five indexes to track digital currencies. Fundstrat Global Advisors’ Thomas Lee said in a report Friday that the FS Crypto FX indexes are for institutional investors “to better understand the evolution …

Wall Street’s fear gauge posted its lowest close ever Thursday as U.S. stock markets continued to mark record highs in a seemingly unstoppable march higher. The CBOE Volatility Index, or VIX, ended the day at 9.19, down nearly 5 percent since Wednesday. This widely followed index reflects the bets of …

Andrew Harrer | Bloomberg | Getty Images A man poses for a photo with the Wall Street bull sculpture between Broadway and Exchange Place in the Financial District of New York. Check out the companies making headlines after the bell: Costco shares tumbled nearly 2 percent after hours, despite the …

Christopher Dilts | Bloomberg | Getty Images Esther George, president and chief executive officer of the Kansas City Federal Reserve Bank The Federal Reserve will need to raise U.S. interest rates further to keep the economy on track to full employment and the Fed’s 2-percent inflation goal, Kansas City Federal …

It’s a valuation call that catapults stocks by 32 percent. Based on the latest calculations by PNC Asset Management’s Bill Stone, the S&P 500 could hit 3,368 in 2018. And he has a chart that proves it could happen. “Part of it came to me watching Warren Buffett on CNBC …

Smith Collection | Gado | Getty Images The Marriner S Eccles building of the United States Federal Reserve in Washington, DC, on Jul. 24, 2017. Nancy Davis, the managing partner and chief investment officer of Quadratic Capital Management, is recommending bets against two companies that are likely to be sensitive …

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. [The stream is slated to start at 10 a.m. ET. Please refresh the …

David Paul Morris | Bloomberg | Getty Images Tim Sloan, president and chief executive officer of Wells Fargo & Co. Sloan promised that more changes are on the way. “Wells Fargo is a better bank today than it was a year ago. And next year, Wells Fargo will be a …

Larry Fink, the head of the world’s largest money manager, said Tuesday he thinks the rise of digital currencies reflects how much money laundering is going on. “Most importantly, when I think about most of the cryptocurrencies, it just identifies how much money laundering is being done in the world,” …

Lucas Jackson | Reuters Tim Sloan, Chief Executive Officer of Wells Fargo & Company, February 8, 2017. Wells Fargo CEO Tim Sloan said Sen. Elizabeth Warren took his past comments out of context at Tuesday’s Senate Banking Committee hearing about the bank’s fake accounts scandal. During the hearing, the Massachusetts …