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Goldman Sachs is the worst-performing major bank, thanks to its traders

Traders at Goldman Sachs used to be the stars of Wall Street, but lately they’ve become one of the main reasons why the storied bank’s share price has lagged behind its rivals. The bank’s fixed-income trading division is generating about half the revenue (paywall) that it did a year ago, Goldman …

Markets

Morgan Stanley says the true price of bitcoin might be zero

Morgan Stanley analyst James Faucette and his team sent a research note to clients a few days ago suggesting that the real value of bitcoin might be ... $0.<p>That's <i>zero</i> dollars. (Bitcoin stood at around $14,400 at the time of writing.)<p>The paper (titled "Bitcoin decrypted") did not give a price target …

Vacant storefronts are becoming more noticeable in the capital of consumption, as small retailers are being pushed out by wealthy investors<p>Walk down almost any major New York street – say Fifth Avenue near Trump Tower, or Madison Avenue from midtown to the Upper East Side. Perhaps venture down …

Real Estate

Bitcoin Falls After $31 Million Theft of Cryptocurrency Tether

Bitcoin hit a record high, shrugging off earlier losses posted after the $31 million theft of a cryptocurrency peer renewed concern about the …

Cryptocurrency

PayPal can help you save and invest money with the Acorns app

PayPal is funding several new digital services lately. You can send cash to your friends via the money service using Facebook Messenger, Skype and even PayPal's own money cards. The company also makes it easy to pool money for gifts and tip Twitch streamers. Now you can fund your Acorn investment …

Apps

Money is pouring in to Wall Street

Greed is making a comeback on Wall Street.<p>Just six weeks ago investors were on the verge of a full-blown panic. Fears about China's economic turbulence and vague Federal Reserve policy gripped the financial markets.<p>The deep concern caused the Dow to plummet by an unprecedented 1,000 points on …