• Bitcoin soars to record high above $6,000

    Reuters News: NEW YORK (Reuters) – Bitcoin surged to a record high of more than $6,000 on Friday, pushing its market capitalization to $100 billion at one point, as investors continued to bet on an asset that has a limited supply and has paved the way for a whole...
  • Exclusive: Baupost's Klarman resists calls to wipe out Puerto Rico debt

    Reuters News: BOSTON (Reuters) – Billionaire investor Seth Klarman on Wednesday resisted calls for Puerto Rico’s debt to be wiped out and said the island’s residents will be better off in the long run if obligations are honored. A man stands on what is left of the balcony of...
  • Merck to cut 1,800 U.S. sales jobs, add 960 in chronic care

    Reuters News: (Reuters) – Drugmaker Merck & Co Inc (MRK.N), moving to a new sales team structure in the United States, plans to cut 1,800 sales positions, while adding 960 jobs to a new chronic care sales force, the company said on Friday. The logo of Merck is pictured...
  • Australian car manufacturing ends as GM Holden closes plant

    Reuters News: SYDNEY (Reuters) – Australia’s near 100-year automotive industry ended on Friday as GM Holden Ltd, a unit of U.S. carmaker General Motors Co (GM.N), closed its plant in South Australia to move manufacturing to cheaper locations. Former Holden employees sit on the back of their Holden ute...
  • Q&A: Jewel learned her life lessons from nature, books and pain

    Reuters News: NEW YORK (Reuters) – Jewel’s rise in the music world from the Alaska frontier to first-name-only star is almost unbelievable: Girl endures an abusive environment, becomes homeless – and then not only survives, but reaches the pinnacle of her profession. Now 43, Jewel (born Jewel Kilcher) is...
  • Could the 1987 stock market crash happen again?

    Reuters News: NEW YORK (Reuters) – On the 30th anniversary of the 1987 stock market crash, U.S. stocks are at a record high and investors are concerned that steep valuations may mean a correction is overdue, despite healthy corporate earnings and economic growth. But could a repeat of “Black...
  • George Soros foundations now control $18 billion: reports

    Reuters News: NEW YORK (Reuters) – Investor George Soros has transferred about $18 billion, the majority of his estimated fortune, to his Open Society Foundations, making them the second largest philanthropic grant-making group in the United States, according to media reports on Tuesday. The foundations already controlled billions of...
  • NAFTA trade ministers to square off over hard-line U.S. demands

    Reuters News: WASHINGTON (Reuters) – Trade ministers from the United States, Canada and Mexico wrap up a contentious round of NAFTA trade talks on Tuesday marked by aggressive U.S. demands that have left the future of the 23-year-old free trade pact in doubt. The proposals to drastically reshape the...
  • Early filers for college financial aid reap benefits

    Reuters News: NEW YORK (Reuters) – Want to increase your chance to get financial aid for college? File the Free Application for Federal Student Aid (FAFSA) by the end of 2017. “The sooner the better,” said financial aid expert Mark Kantrowitz, publisher at Cappex.com. In a 2015 study he...