NEW YORK - Five years after Ponzi scheme mastermind Bernard Madoff's arrest, his claim that he alone was responsible for the more than $17.3 billion fraud is being demolished in the conspiracy trial of five former employees charged with helping him.
SHANGHAI (Reuters) - The price gap between bitcoins trading in Chinese yuan and those sold for other currencies has evaporated in recent days, highlighting the porous nature of China's capital controls.
U.S. stock futures inched lower Wednesday as investors worried that the U.S. budget deal announced late Tuesday could strengthen the case for the Federal Reserve to taper its asset purchases at its meeting next week.
The yen strengthened from near a six-month low against the dollar as a decline in Asian stocks spurred demand for the currency as a haven amid speculation its recent decline has been too rapid.
Costco Wholesale Corp.'s (NASDAQ:COST) fiscal first-quarter profit rose 2.2%, though missed market expectations, as the wholesale club's revenue grew less than anticipated.