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Bitcoin plunges below $12,000 on Coinbase as rout accelerates; now down 40 percent from record

Bitcoin plunged at the end of a rocky week, taking the digital currency briefly below $11,000 and down 44 percent from its record high hit Sunday. Bitcoin had rallied to a record high above $19,800 on Sunday and was trading near $15,500 for much of Thursday New York time, according …

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Catalonia election still means political crisis

Borja Sanchez-Trillo | Getty Images Pro-secessionist supporters react to election results for the Catalan National Assembly on December 21, 2017, in Barcelona, Spain. The outcome of regional elections in Catalonia Thursday have further complicated a Spanish political crisis, according to analysts, with one predicting that there is a high risk …

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Roche to buy US cancer drugmaker Ignyta for $1.7 billion

Gianluca Colla | Bloomberg | Getty Images The headquarters of Roche AG in Basel, Switzerland. Swiss drugmaker Roche will buy U.S. cancer drugmaker Ignyta Inc for $1.7 billion to broaden its oncology portfolio globally, the companies said on Friday. Roche would pay $27 per share for Ignyta, representing a premium …

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‘Long Island Iced Tea’ micro-cap adds blockchain to name and stock soars

In a move that caused double takes on Wall Street trading floors and prompted comments on Twitter about how this must be the top of bitcoin mania, a little known micro-cap stock called Long Island Iced Tea Corp said Thursday it’s now “Long Blockchain Corp,” and its stock leaped more …

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East China Sea could be riskier than South China Sea

JAPAN POOL/AFP/Getty Images A Japanese Maritime Self-Defense Force flying over the disputed islets known as the Senkaku islands in Japan and Diaoyu islands in China, in the East China Sea. “Despite the lower profile, the dispute in the East China Sea may carry greater risk of drawing the United States …

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Tax plan will create share buybacks not higher wages: Chuck Schumer

Getty Images Senate Democratic Leader Sen. Chuck Schumer (D-NY) speaks at a press confernce on urging the GOP To Slow Down Republican Tax Bill In Senate on December 13, 2017 in Washington, DC. After the tax plan received passage on Capitol Hill, AT&T and Comcast announced they would give $1,000 …

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British PM May’s deputy Damian Green resigns

Gareth Fuller | PA Images | Getty Images Damian Green leaves his house in Ashford, Kent. British Prime Minister Theresa May’s most senior minister, Damian Green, has resigned at her request after an internal investigation found that he had made misleading comments about pornography found on computers in his parliamentary …

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US will be ‘taking names’ on Jerusalem

Drew Angerer | Getty Images News | Getty Images U.S. ambassador to the United Nations Nikki Haley listens during a Security Council meeting concerning the situation in the Middle East involving Israel and Palestine, at United Nations headquarters, December 18, 2017 in New York City. Ambassador Nikki Haley is serving …

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Mexico bus crash kills at least 12 people

MANUEL JESUS ORTEGA CANCHE/AFP/Getty Images Video grab of Mexican police officers standing guard in the area where a bus driving tourists to Chacchoben archaeological zone overturned in the road in Mexico on December 19, 2017 Twelve people died and 18 were injured on Tuesday in Mexico’s state of Quintana Roo …

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Mohammed bin Salman announces big spending

Faisal Al Nasser | Reuters A man holds a nozzle at a petrol station in Riyadh, Saudi Arabia October 8, 2017. According to analysts, a key feature of the budget was the explicit focus on structural reforms accompanying the increased spending. “The key is to look at what they’re spending …

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