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Updated: 2 hours 49 min ago

Bitcoin slumps below $10,000, half its peak, as regulatory fears intensify

Wed, 01/17/2018 - 9:20am
LONDON/TOKYO (Reuters) - Bitcoin skidded below $10,000 on Wednesday, halving in value from its peak price, with investors gripped by fears regulators could clamp down on the volatile cryptocurrency that sky-rocketed last year.

Tech stocks lead Wall Street higher; banks drop

Wed, 01/17/2018 - 9:11am
(Reuters) - Wall Street's main indexes were lifted by modest gains in technology stocks on Wednesday, led by Microsoft, IBM and Intel.

Pennsylvania race to test Democrats' hopes for anti-Trump wave

Wed, 01/17/2018 - 8:45am
HOUSTON, Pa. (Reuters) - The conservative southwest corner of Pennsylvania, a patchwork of small towns, farms and Pittsburgh suburbs where voters backed Republican Donald Trump by 20 percentage points in 2016, seems an unlikely spot for a possible Democratic renaissance.

Koreas to form unified ice hockey team, march together in Olympics

Wed, 01/17/2018 - 8:22am
SEOUL (Reuters) - The two Koreas will field a combined women's ice hockey team and march together under one flag at next month's Winter Olympics in the South, Seoul said on Wednesday, after a new round of talks amid a thaw in cross-border ties.

Goldman posts first quarterly loss in 6 years on tax hit; trading slumps

Wed, 01/17/2018 - 7:58am
(Reuters) - Goldman Sachs Inc on Wednesday posted its first quarterly loss in six years on a huge tax charge but adjusted profit trumped analysts' estimates, as strength in the investment banking business cushioned the blow from a slump in trading.

Bitcoin jolted by regulation worries, tumbles 11 percent on extended sell-off

Wed, 01/17/2018 - 6:08am
TOKYO/LONDON (Reuters) - Bitcoin skidded more than 11 percent on Wednesday, extending a precipitous downturn in fortunes with investors spooked by fears regulators might clamp down on an asset whose value has skyrocketed in the past year.

Euro surge threatens profitable bond trades

Wed, 01/17/2018 - 5:26am
LONDON (Reuters) - The euro's sizzling January rally is undermining one of the most profitable bond market trades of recent years by potentially raising hedging costs and thereby eroding profits of overseas investors.

#MeToo effect: Calls flood U.S. sexual assault hotlines

Wed, 01/17/2018 - 5:14am
WASHINGTON (Reuters) - The phones at U.S. sexual assault hotlines have been ringing in record numbers as the #MeToo social movement spurs victims to reach out for help, sending organizations scrambling to keep up.

Exclusive: J&J attracts Chinese interest for diabetes business in potential $3-4 billion deal - sources

Wed, 01/17/2018 - 5:09am
HONG KONG (Reuters) - Chinese bidders are circling a diabetes care business owned by the world's largest healthcare company Johnson & Johnson in a deal that could fetch up to $4 billion, five people with direct knowledge told Reuters.

As Trump heads to Davos, survey points to rising risk of war

Wed, 01/17/2018 - 3:03am
BERLIN (Reuters) - The risk of political and economic confrontations between major powers, including outright military conflicts, has risen sharply, according to a survey released by the World Economic Forum (WEF) days before its annual gathering in Davos.

North Korea to send cheerleaders to Olympics but Japan sees little to applaud

Wed, 01/17/2018 - 2:38am
SEOUL (Reuters) - North Korea will send a 230-strong cheering squad to the Winter Olympics in the South next month, Seoul said on Wednesday after both sides held talks amid a thaw in inter-Korean ties and as Japan urged caution over the North's "charm offensive".

Bitcoin jolted by regulation worries, falls 7 percent on extended selloff

Wed, 01/17/2018 - 12:08am
TOKYO/SINGAPORE (Reuters) - Bitcoin extended its sharp tumble of the past 24 hours, skidding more than seven percent on Wednesday in a rapid downturn in fortunes as investors were spooked by fears regulators might clamp down on an asset whose value has skyrocketed in the past year.

Big U.S. lenders reap benefits of higher rates, but savers not so much

Tue, 01/16/2018 - 11:12pm
NEW YORK (Reuters) - The U.S. Federal Reserve began steadily raising interest rates one year ago, offering a long-awaited tailwind for bank earnings because lenders can charge borrowers more for loans.

Former Trump aide Bannon refuses to comply with House subpoena

Tue, 01/16/2018 - 9:39pm
WASHINGTON (Reuters) - President Donald Trump's former chief strategist Steve Bannon declined on Tuesday to comply with a subpoena ordering him to answer questions from a U.S. House intelligence panel about his time at the White House as part of its investigation into allegations of Russian interference in the U.S. election.

House Republicans mull funding extension; 'Dreamer' deal not set

Tue, 01/16/2018 - 8:39pm
WASHINGTON (Reuters) - House Republicans considered on Tuesday a stopgap bill to fund the U.S. government through Feb. 16 to avert a shutdown, but the measure would not include Democrats' demands for protections for young people brought to the United States illegally as children.

Ex-U.S. Navy officers face negligent homicide charges over ship collisions

Tue, 01/16/2018 - 8:24pm
WASHINGTON (Reuters) - The commanding officers of two U.S. Navy destroyers involved in deadly collisions last year in the Pacific Ocean face courts-martial and military criminal charges including negligent homicide, the U.S. Navy said in a statement on Tuesday.

Trump is fit for duty, but should hit the gym: White House doctor

Tue, 01/16/2018 - 6:13pm
WASHINGTON (Reuters) - U.S. President Donald Trump passed a test for signs of dementia and is in overall excellent health, but needs to shed weight by cutting calories, fats and carbohydrates and starting a daily exercise routine, the White House physician said on Tuesday.

Bangladesh agrees with Myanmar to complete Rohingya return in two years

Tue, 01/16/2018 - 6:05pm
DHAKA/YANGON (Reuters) - Bangladesh and Myanmar agreed on Tuesday to complete within two years the return of hundreds of thousands of Rohingya Muslims who fled an army crackdown last year in Myanmar.

Second U.S. winter storm forces hundreds of flight cancellations

Tue, 01/16/2018 - 5:51pm
NEW YORK (Reuters) - A second winter storm in as many weeks is causing hundreds of flight cancellations across the United States, airlines reported on Tuesday, potentially dealing a further blow to carriers' first quarter outlooks.

21 states sue to keep net neutrality as Senate Democrats reach 50 votes

Tue, 01/16/2018 - 5:17pm
(Reuters) - A group of 21 U.S. state attorneys general filed suit to challenge the Federal Communications Commission's decision to do away with net neutrality on Tuesday while Democrats said they needed just one more vote in the Senate to repeal the FCC ruling.