The SEC says bitcoin's volatility means it's a highly speculative asset – and hints it may not be suitable to back an ETF | Currency News | Financial and Business News

Dado Ruvic/Getty Images The SEC has warned mutual fund investors of bitcoin's volatility, calling it "highly speculative." Staff will assess whether the bitcoin futures market can accommodate ETFs, the regulator said. Chairman Gary Gensler recently dampened hopes for bitcoin ETF approval. Sign up here for our daily newsletter, 10 Things […]

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GM Q1 Profit Tops View, But Revenues Miss

General Motors Co. (GM) Wednesday reported a profit for the first-quarter that surged from last year, driven by strong price and mix performance in North America, strong credit and residual value performance at GM Financial, as well as the industry recovery in China. Earnings per share topped analysts’ expectations, while […]

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Internet Computer is already one of the top 10 cryptocurrencies with a market cap of $45 billion – just two days after launching | Currency News | Financial and Business News

Dfinity Swiss nonprofit Dfinity's digital asset "Internet Computer" launched on Monday. It is already among the 10 largest cryptocurrencies with a market cap of $45 billion. The decentralized token seeks to break Big Tech's shackles on entrepreneurship. See more stories on Insider's business page. Internet Computer, a cryptocurrency launched Monday […]

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Demand for gas is rising after pipeline hack

London (CNN Business)A devastating ransomware attack on a critical fuel pipeline in the United States has highlighted the growing threat that cyber criminals pose to the world’s largest corporations and strategic infrastructure. It also raises a thorny question: should companies held to ransom yield to extortionists or resist making payments? […]

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Micromanagement, surprise employee investigations, and email surveillance: Why top mortgage bankers are quitting Wells Fargo in the middle of a red-hot housing market

More than 20 top mortgage lenders at Wells Fargo have left in the past year, while four of the bank’s elite President’s Club members have left since December. Insiders described a culture of heavy oversight and clunky technology that limited their ability to do business.  The most high-valued producers received […]

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